FG Gives Update On NYIF Loan Disbursement

UPDATE: The Nigeria Youth Investment Fund (NYIF), being implemented by Federal Ministry of Youth and Sports Development, has successfully completed its pilot disbursement of loans totaling N165,700,000 to 239 beneficiaries ahead of the processing of the over three million applications so far received.

According to the update shared by Nigeria Government, over 3 million applications have already been received since the 75 billion Naira Nigeria Youth Investment Fund (NYIF) Portal went live on Oct 12, 2020. This Fund will invest in the innovative ideas, skills and talents of young Nigerians: (NYIF).

The Fund, approved by the Federal ~ Executive Council on July 22, 2020, is being implemented by Federal Ministry of Youth and Sports Development in partnership with Central bank of Nigeria and @FinMinNigeria and is being disbursed through @NirsalMFB.

For NYIF Applicants who need answers to questions regarding the NYIF registration, training and loan disbursement.

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