NYIF Loan Update: 4,680 Beneficiaries Received First Trench of Loan Disbursment, More Disbursment in the Coming Weeks

PRESS STATEMENT

NYIF Hits 4,680 DISBURSEMENT

Nigeria FMYS Nigeria Youth Investment Fund (NYIF) has disbursed loans to at least 4,680 beneficiaries amounting to N1.31billion out of the first tranche of N12.5 billion.

Latest report from NYIF partner, NIRSAL Micro Finance Bank (NMFB) showed that the beneficiaries who received the loans as at the end of April 2021 are spread across the country and critical sectors of the economy.

The beneficiaries have commended the Ministry for surmounting the initial challenges to make the disbursements possible.

Furthermore, the Ministry wishes to assure applicants that more disbursements will be achieved in the coming weeks to ensure that the objectives of the programme are achieved.

Mohammed Manga
Director (Press)
May 9, 2021