NYIF LOAN DISBURSEMENT: Today’s News & Updates from FMYSD April 20, 2022
NYIF LOAN DISBURSEMENT: Today’s News & Updates from FMYSD April 20, 2022.
The Federal Ministry of Youth and Sports Development is set to start disbursement of the National Youth Investment Funds (NYIF) to successful beneficiaries.
This is according to the Minister Sunday Dare, who claims that over 25,000 youths will benefit from the scheme this year, as compared to 6,000 youths who got the loans in 2020.
Most of the beneficiaries who successfully got the approval text and emails have successfully submitted their loan offer letters waiting for the loan to be disbursed into their accounts.
Loan approval is estimated to vary in the range of N250.000 to N3m, depending on the application of the beneficiary.
The minister also said that beneficiaries who received the previous loans were published on the Ministry website and their names were made public to show accountability and transparency.
With this statement, it is expected for successful beneficiaries to expect loan disbursement within the week, if not the following week, before the Ramadan fasting ends.
Pls can they disburse money to your account without upgrading it?
Because when I created my account online I didn’t go to their office to see any of their agent.