NYIF hits 4,680 Disbursement

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(Nigeria) The Ministry of Youth and Sports Development’s Nigeria Youth Investment Fund, NYIF, has disbursed loans to no fewer than 4,680 beneficiaries amounting to N1.31billion out of the first tranche of N12.5 billion.

Director of Press in the Ministry, Mohammed Manga, in a statement on Sunday, said: “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.”

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