NYIF Loan 2021 Disbursement Begins – CHECK NOW (More Youths Pre-Approved For NYIF Loan Disbursement – FMYSD)
FMYSD Pre-Approved More Youths For NYIF Loan Disbursement – The Nigeria Youth Investment Fund (NYIF), operated by the Ministry of Youth and Sports Development, has disbursed loans to 5,200 youth amounting to one billion six hundred and twenty-nine million two hundred and twenty thousand naira (N1,629,220,000.00).
The information is contained in the latest update provided to the Ministry by the NIRSAL Micro Finance Bank (NMFB), which disburses the loan showed that it was prepared to disburse to another batch of 25,000 youth once their loan applications are approved.
Total Eligibility of Youths Pre Approved for NYIF Loan Disbursement
Total eligible applications approved stood at 6054 out of which the 5,200 disbursements were made leaving the number of those that have been approved but yet to get disbursement at 854. The number of unqualified applicants for the batch stood at 721.