NYIF to distribute N5Billion to 7,000 beneficiaries – Download the names of successful beneficiaries
If you are a beneficiary of NYIF and you have been trained then you must confirm your position by accessing the NYIF portal.
If your account is fit to receive the above funds and if your answer is yes, congratulations, download and see your name in the comprehensive list of eligible beneficiaries for N5 billion Naira.
The Ministry of Sports and Youth Development, Mr. Sunday Dera has informed that only those whose names have been shortlisted will benefit.
The Nigeria Youth Investment Fund (NYIF) is distributing N5Bilion Fund on a large scale to 7,000 trained applicants, N5Bilion is currently being successfully distributed to trained beneficiaries.
The Ministry of Sports and Youth Development, headed by Mr Sunday Dera, has also stated that those who have been trained and properly certified, will in no distant time get their requested loan
If you are trained, you should check your NYIF dashboard and your mail regularly for further instructions on how to process your loan.
All duly trained applicants have to check and upgrade their bank account to a certain extent which can accept the requested amount, if you are using a NYSC account, note immediately.
These 10,000 lucky applicants will have their loan request approved, as the program will take on a new group of applicants in 2022.
NYIF FG Approves 7,000
Recall that 10,000 applicants were shortlisted in the Nigeria Youth Investment Fund (NYIF) program, with reports from the Ministry of Sports and Youth Development stating that only 7,000 individuals are eligible for loans and more than 1,000 are ineligible.
The Sports Minister, Sunday Dera, confirmed this and gave clear reasons for the action, according to the Minister:
- 10,000 Nigerians were shortlisted at the initial stage
- Only 7,000 got FG approval
- Over 1,000 were disqualified
- while 721 were unqualified.
- 282 applicants were not approved
The sports minister further refused in giving reasons for the above disqualification,
The Minister also noted that 6,050 applicants qualified for NYIF while funds were distributed to a total of 5,285 applicants.
The camp also claims that more than 6,000 young people have qualified for NYIF loans but only 5,285 were funded in cash, citing the fact that those who did not receive the money resulted in:
Incorrect biometric verification number (BVN) and inability to pay
Some young people cancel loans because of interest
There is no need for others and use it
How to know if you are on the 7,000 approved list
There is no need to panic as the training begins
Once you’ve received the training invitation by mail, you’re ready to go
Notably, training and matching invitations are in batches
Only approved applicants will be invited, even if you find your name in a previously selected list