NYIF Shortlisted Candidates – After the initial pilot phase of the 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.
NYIF is initiative by the Federal government to invest in the innovation skills and enterprise of young Nigerians. The loan has a single digit APR at 5% and a moratorium of 12 months before repayment. Nigeria Youth Investment Fund was approved by Federal Executive Council in July 2020.
According to the Ministry of Youth and Sports Development, 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 another 10,000 for training and subsequent loan approval and disbursement. Loans are in the range of 250k to 3million naira for now.
These names are available on the FMYSD website and NOYA website. Checks done include Age, BVN whether or not the individual has an existing government loan or received covid 19 business payments.
Related:
NYIF Shortlisted Candidates 2022 | PDF Download
3 Important Things NYIF Applicants Must Start Doing To Avoid Disqualification | nyif.nmfb.com.ng
NYIF Loan Update: Reason Why Some Applicants Were Not Pre-qualified For Loan Disbursement
NYIF Loan: How to upload Your Business Plan | nyif.nmfb.com.ng
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 owner.
For more information about the NYIF Shortlisted Candidates, Training and Disbursement. Please visit the NYIF to See full list of 10,000 youth to be trained.
Please leave your questions in the comment section below.
kindly use the Facebook, Twitter, Google+, and WhatsApp share buttons below share Thanks.
Also, Click on the link to join our Facebook Page https://web.facebook.com/Soundcityupload
This is statement from the Popular Nigeria Nollywood actor, Yul Edochie applauds the stance…
The SA Youth Challenge Fund is for 15,000 qualifying entrepreneurs. It is a youth start-up support programme intended to…
The IYALOJA GEEP Loan Scheme stands as a remarkable opportunity for petty traders aiming to…
Get ready for a significant initiative from the Federal Government set to launch in November…
The Federal Government sets to launch the IYALOJA Monie Scheme Registration for Petty Traders in…
NITDA Female Founders Training Program - Are you a female tech founder ready to make…