Home News Nigeria Youth Investment Fund(NYIF) Loan- 10,000 Youth Shortlisted

Nigeria Youth Investment Fund(NYIF) Loan- 10,000 Youth Shortlisted

by Greatjobnew

 

NYIF, 10,000 youth shortlisted, await training and disbursement. Full list below this page

After the initial pilot phase of the Nigeria Youth Investment Fund (NYIF) which

saw 5,285 beneficiaries, another 10, 000 youth have been shortlisted for training after

which they will be approved for funds disbursement under the NYIF.

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The Ministry of Youth and Sports Development stated that out of the ongoing screening

of over 3 million applicants for the NYIF loan, 10,000 have been shortlisted for training

by the Ministry after which they will be approved for specific amounts.

With the successful competition of this pilot phase, NIRSAL has cleared names of

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another 10,000 for training and subsequent loan approval and disbursement. Loans are

in the range of 250k to 3million naira for now.

Checks done include Age, BVN whether or not the individual has an existing

government loan or received covid 19 business payments.

All approved applicants will undergo training to ensure efficient use of the loan

therefore increasing the yield and growth the loan can deliver to the intended business

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owner.

NYIF is an initiative by the Federal government to invest in the innovation skills and

enterprise of young Nigerians. The loan has a single-digit APR of 5% and a moratorium

of 12 months before repayment. Nigeria Youth Investment Fund was approved by

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Federal Executive Council in July 2020.

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See the full list of 10,000 beneficiaries by following the link below. Please note, there is

a separate list for individuals and SMEs. This you can find on the spreadsheet. To view the

list, make sure you have the spreadsheet app on your phone or any app that can view

this file below. you can download google sheet for android users

Viewlist  here:http://docs.google.com/spreadsheets/d/188zcLNhRoNE2sJ5zeTJSqM23ZCvI0sL4/edit#gid=1038017082

 

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