FG Important News for NYIF Applicants Nationwide

Federal Government Sends Important Information To NYIF Applicants Nationwide

Under President Buhari’s administration, the federal government is reportedly distributing loans, providing scholarships to scholars and accepting grants from the country’s entrepreneurs.

According to the latest data collected, the Federal Youth and Sports Development (FMYSD) has carefully removed doubts in the minds of beneficiaries regarding the disbursement of Nigerian Youth Investment Fund (NYIF) loans.

The ministry made a request to the beneficiaries in a statement posted on its official Twitter page today, Niger News reported. According to the source, the ministry has sincerely appealed to the beneficiaries of the NYIF loan project, the accessible amount will be reduced to N300,000.00.

However, the Federal Ministry of Youth and Sports Development said it had reduced accessibility by another 30,000 to ensure supply and enable more beneficiaries to enjoy the facility.

However, in order for the current economy to be state-based and to be able to cover most applicants, the ministry has revealed that the amount needs to be reduced.

The ministry also claimed to have received at least three million applications for 12.5 billion supplies.

Adding the current amount of N300,000.00 as beneficiaries, only about 41,000 beneficiaries will benefit from it.

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