FMYSD Shortlist 10,000 NYIF Applicants for Training & Loan Disbursement – Check List here

Nigerian Youth Investment Fund – The Federal Ministry of Youth and Sports Development has Shortlisted 10,000 Nigerian Youth Investment Fund (NYIF) Applicants for Training and Loan Disbursement, see more below.

Are you among those that applied for the Nigerian Youth Investment Fund (NYIF) programme, if yes, this is good news for you, because the Federal Ministry of Youth and Sports Development has released successful names of applicants.

Prior to this notice, applicants are required to check their names via FMYSD website and NOYA website which will be provided in a PDF format below as you read on.

10,000 NYIF Applicants Shortlisted for Training & Loan Disbursement

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A total of about 10,000 Nigerian Youth Investment Fund applicants who are shortlisted, await Training and Loan Disbursement from the Federal Ministry of Youth and Sports Development through Central Bank of Nigeria and NIRSAL Microfinance Bank. After the initial pilot phase of the NYIF which saw 5,285 beneficiaries, another 10, 000 youths have been shortlisted for training after which they will be approved for Loan funds disbursement under the NYIF.

Press Release by Federal Ministry of Youth and Sports Development (FMYSD)

As stated by the Federal Ministry of Youth and Sports Development (FMYSD), 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.

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All approved applicants for loan will undergo training to ensure efficient use of the loan therefore increasing the yield and growth the loan can deliver to the intended business owner.

See Loan Funds Disbursement to Successful NYIF Applicants

With the successful completion of this pilot phase NIRSAL has cleared names of another 10,000 for training and subsequent loan approval and disbursement. Loans are in the range of 250k to 3million naira for now.

Process to check NYIF List of Shortlisted Applicants

These names are available on the FMYSD website and NOYA website. Click on this Open here to view list of names. Checks done include Age, BVN whether or not the individual has an existing government loan or received covid-19 business payment.

To know more about Federal Government NYIF Initiative – Check Here

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Author: Noblinks

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