NYIF Shortlisted Candidate | List of Beneficiaries for NYIF Loan, FMYSD Approved list for NYIF Loan, If you have applied for the last concluded NYIF Loan check your name in the list below, How to download list of NYIF Loan, Amount approved, duration of the loan, carefully read the full details in this page below.
We have received many questions from applicant as;
- When is the NYIF list of shortlisted candidate be release?
- What is the maximum amount for NYIF Loan
- The minimum amount for NYIF Loan
- Duration for NYIF Loan
The Federal Ministry of youth and Sports Development have released names of 10,000 NYIF shortlisted applicants for training and then disbursement. NYIF Message To Shortlisted Candidate/ How To Solve Problem
FMYSD has provided a link for NYIF Applicants to check their names. Kindly check the link below to see if you are Shortlisted: Download PDF
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The Nigeria Youth Investment Fund (NYIF), Powered 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).
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.
An advisory from the Ministry revealed that some applicants were not qualified for loan disbursement because the applicant did not provide valid or correct contact details for communication on further steps in the loan application; the applicant has existing AGSMEIS or COVID 19 Loan and that an applicant is older than 35 years old, which puts them beyond the age bracket for youth.
Other reasons are that the applicant has a poor credit rating or currently has a non-performing loan, the applicant failed to provide a valid BVN and provided incomplete or incorrect BVN.
The Ministry beneficiaries and applicants that the Nigeria Youth Investment Fund (NYIF) disburses repayable loans to the youth and not grants.
Meanwhile, another batch of 25,000 has been pre-qualified for training ahead of final clearance for disbursement with the Ministry disclosing that it was in consultations with other partners to expand the loans disbursement platform to fast track access to the Fund.
Only N3 billion has been provided by the Central Bank of Nigeria (CBN) out of the N12.5billion approved for the first tranche of N12.5billion approved for the first tranche of the NYIF. So far, 54.6 % of the N3 billion has been disbursed.