Latest NYIF News: Why Some Applicants Of The Nigerian Youth Investment Fund Will Be Disqualified.

Latest NYIF News: Reasons Some Applicants Of The Nigerian Youth Investment Fund Will Be Disqualified.

We have received numerous complaints from our subscribers who applied for the Nigerian Youth Investment Fund, asking if there is any reason or whatsoever that might lead to their disqualification or even hinder them from getting the funds at when due.
Well, if you’re among this set of persons we have good news.
Ensure you read this post to the end to know what might lead to your disqualification and how to proffer a solution.
The Federal Ministry of Youth and Sports Development has disclosed its preparedness to train another batch of 25,000 applicants of the Nigeria Youth Investment Fund following the disbursement of N1,629,220,000.00 to 5,200 youths in the Scheme.

The Ministry however in a recent update stated reasons why not all the applicants of the Loan Scheme were/will be pre-qualified for the training cum loan disbursement.

The Youth and Sports Ministry stated:

Some applicants were not pre-qualified for loan disbursement for the following reasons:

“Applicants did not provide valid or correct phone numbers for communications on further steps in the loan application.

“Applicant has existing AGSMEIS or COVID-19 Loan.

“Applicant is older than 35 years old, which puts them beyond the age bracket for youth.

“Applicant has a poor credit rating or currently has a non-performing loan

“Applicant failed to provide a valid BVN.

“Applicants provided incomplete or incorrect BVN.

Pre-qualified applicants of the scheme who are among the next batch of the 25,000 will be notified through SMS sent via the Phone Numbers provided during the application

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The Training Email invitation will contain the time and schedule of each applicant for the training.

Following the update of requisite information on the portal nyif.nmfb.com.ng, successful applicants will be sent a Training invitation through the e-mail addresses provided during the application.

The Training Email invitation will contain the time and schedule of each applicant for the training.

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Applicants waiting for Training invitation/Training can visit https://youtu.be/5zY-QXGLWao to learn how to log in and use the e-learning portal https://fmysdenterprisetraining.ng for the Nigeria Youth Investment Fund Scheme Entrepreneurship Development Training.

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