Less than 14% of the newly shortlisted applicants from the over 25,000 successful candidates, who are expected to be part of the Nigeria Youth Investment Fund, NYIF, loan, have responded to emails confirming their approval to receive the soft loan.
Fresh Angle International can report that this much was disclosed by the Fedeal Ministry of Information and Culture, in a statement published this morning, Wednesday May 11, on its verified twitter handle.
The statement e-signed by the Director, Press and Public Relations of the Fedeal Ministry of Information and Culture, Mohammed Manga, added that fresh round of disbursements, were being delivered to beneficiaries, whose application have been successful.
“The Nigerian Youth Investment Fund (NYIF) is being disbursed to the youth who have expressed business needs within a range of N250,000 (Two Hundred and Fifty Thousand Naira) to N3m (Three Million Naira) depending on the scale of the business and its evaluation.
“About 6,000 youth benefitted from the first set of disbursements in 2020 and the names of the beneficiaries have since been made public.
“While in the second batch 4,375 have so far responded to their loan offer messages and received their funds”, the statement highlighted.
Copyright: Fresh Angle International (www.freshangleng.com)
ISSN 2354 - 4104
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