News Update About NYIF Approval and Disbursement For Today 02/April 2022
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The Federal Ministry of Youth and Sports Development has continued the approval and disbursement of the N75 Billion Nigeria Youth Investment Fund (NYIF Loan) to the trained beneficiaries of the Programme.
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Some of the participants of the NYIF Loan Training including the recently trained 10,000 Candidates confirmed to have recieved a text message and email depicting their Loan Approval and instruction on how to access the fund into their Bank Account.
View and Download Full List of 10,000 shortlisted/Trained candidates here http://docs.google.com/spreadsheets/d/188zcLNhRoNE2sJ5zeTJSqM23ZCvI0sL4/edit#gid=1038017082
The text message being sent by an accredited partner in the NYIF Loan disbursement (NPF MFB PLC) to the successful beneficiaries, which was mistaken to a scam text, reads “You have been selected as a beneficiary of the National Youth Investment Fund. Check your e-mail for details, dial *5757#, download NPF Microfinance Bank App or Visit our Branch.”
While one of the e-mail reads:
“Dear NYIF Beneficiary, the Federal Ministry of Youths and Sports is partnering with NPF MFB Plc as one of the Disbursing parties for the National Youth Investment Fund (NYIF) nationwide.
“Your name/SME has been forwarded to us as one of the successful
beneficiaries. You are therefore required to either;
1. Visit our website www.npfmicrofinancebank.com to open
account.
2. Through our USSD *5757#
3. Download the mobile App through Play Store or Apple Store
4. ViSit any of our branches nearest to your location as listed
helow”
The above text message and email are not scam messages as many percieved, and an applicant of the NYIF Loan Scheme who received the Text message and email should hasten up to do as requested.
Choosing the NPF Microfinance Bank as a partner in the disbursement of the Nigeria Youth Investment Fund will not only quicken the disbursement of the loan but will also aid in the recovery of the loan.