2021 NYIF Loan Disbursement – 239 Beneficiaries to get N166 Million from FMYSD

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NYIF Loan Disbursement: As the 2021 NYIF Loan Disbursement begins, the Federal Ministry of Youth and Sports Development (FMYSD) have driven Nigeria Youth Investment Fund (NYIF) for successfully completed its pilot disbursement of loans totaling N165, 700,000.00 to 239 beneficiaries. Latest Update.

Are you among applicants that applied for Nigeria Youth Investment Fund (NYIF) Application Form? We have good news for you. About 239 Beneficiaries of NYIF Loan has been given N166 Million from Federal Ministry of Youth and Sports Development (FMYSD).

The Nigerian Youth Investment Fund programme is still ongoing, apply HERE

About 2021 NYIF Loan Disbursement

Recently, Ministry of Youth and Sports Development driven Nigeria Youth Investment Fund (NYIF) has successfully completed its pilot disbursement of loans totaling N165,700,000.00 to 239 beneficiaries ahead of the processing of the over three million applications so far received.

NYIF Loan Disbursement is being implemented in partnership with the Central Bank of Nigeria, Ministry of Finance, Budget and National Planning and disbursed through the Nigeria Incentive-Based Risk Sharing System for Agricultural Lending (NIRSAL) Microfinance Bank (NMFB).

NYIF Loan Application Form 2021

Application Form Portal is still opened for interested Nigerians Youths to apply online.

How to get approval of NYIF Loan

To register is different but to get approval is another successful step. To get approved after application form process, you need to meet up with application form Requirements.

See Steps to get Approval for NYIF Loan Application

2021 NYIF Loan Training List

Are you searching for 2021 Training Lists, NIRSAL Nigeria Youth Investment Fund (NYIF) Loan will be disbursed to applicants who took parts in the training and has a business plan.

Check NYIF Training List Here

How to check 2021 NYIF Loan Shortlisted Candidates

Shortlisting of successful applicants depends on applicants who has not receive Loan from Federal Government through CBN call it COVID19 Support Loan or AGSMEIS loan.

A login details will be provided for Shortlisted Candidates

Check email address used during Application Form Processing.

NYIF Numbers of Shortlisted Candidates for Loan Disbursement

Application data showed that a total of 3,120,107 have registered for the NYIF Pre-Assessment/Training to benefit from the N75 billion three-year financing for youth owned businesses and ideas.

Of the about 1000 processed as part of the pilot disbursement, a total of 94 were disqualified from the NYIF loan after training, as a result of existing COVID 19 Loan or AGSMEIS loan that they have benefitted from.

A total of 500 applicants have been invited by NMEB to apply for the NYIF loan after training and successful due process check while loan application by the applicants is at various times and the application is open until the applicants are able to provide all the requirements and complete the process.

View NYIF Training Centers in Nigeria

Out of he 500 invited for the loan application, only a total of 393 have completed the loan application process and applied for the loan out of which a total of 293 applied early and their loan was processed and sent to CBN for approval at a total sum of N191, 700.000.00.

On approval by CBN, a total of 239 have been successfully disbursed at a total sum of N165,700,000.00.

How to resolve NYIF Loan Application Form issues

FMYSD have released Support email and phone numbers where all National Youth Investment fund (NYIF) complaints should be forwarded with the following details:

  • Full names
  • Email
  • Mobile phone number
  • Training batch
  • Certificate number
  • State of Origin

The details requested above should be forwarded to NYIF via nyif@youthandsport.gov.ng or the appropriate phone number for each geo political zones.

FMYSD NYIF Support Team Mobile Numbers and Email

  1. 07047024251: South South ZONE
  2. 07047598382: North East ZONE
  3. 08181127180: North West ZONE
  4. 08152947812: South West ZONE
  5. 07087792103: North Central ZONE
  6. 07053820081: South East ZONE

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Author: noble

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