Did you register for the Nigeria Youth Investment Fund and have been shortlisted but currently wish to know when is NYIF disbursement date for 2024 N110 billion loan and grant?
In this article, we will address NYIF Loan Status Checker, approval and disbursement date. Prior to this, ensure you carefully read till the end in other not to miss any vital information.
Overview of Nigeria Youth Investment Fund
Nigeria Youth Investment Fund (NYIF) program could be seen as tool used by the Federal Government to empower young minds, encouraging them to invest and grow different ventures which in turn will boost the economy of the country.
The good news is that for the 2024 NYIF program, the government is giving out One Hundred and Ten Billion naira (N110,000,000,000) as loans, grants and also equity.
The programme is non-selective as interested youths in any part of Nigeria can apply and has the same right of benefitting.
Latest News on NYIF Loan Application 2024
The latest update concerning NYIF loan application is that the registration portal will be closed on 30th August, 2024 and four (4) to six (6) weeks from then, names of shortlisted candidates shall be released as well as loan approval.
When is NYIF Disbursement Date for 2024?
Specially, the Nigeria Youth Investment Fund (NYIF) loan disbursement should commence from Monday, 9th September, 2024. Notifications will be sent to selected candidates via email or SMS.
After the disbursement, further instructions on what to do or how the repayment plan will be done etc. shall be made known.
This page shall also be updated once the disbursement process officially begins. Meanwhile, if there is any other thing you would like to know about NYIF disbursement, let us know in the comment section below.
