NYIF: FG disburses N1.31billion to 4,680 Beneficiaries, Assures More Disbursement Soon

NYIF: FG disburses N1.31billion to 4,680 Beneficiaries, Assures More Disbursement Soon

Nigeria Youth Investment Fund

The Federal Government said it has disbursed N1.31 billion to atleast 4,680 beneficiaries under the Nigeria Youth Investment Fund (NYIF) from the first tranche of N12.5 billion released for the programme.

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Director of Press, Federal Ministry of Youth and Sports Development, Mohammed Manga said this in a statement on Sunday.

Nigeria Youth Investment Fund (NYIF)
@FMYSD_NYIF
PRESS STATEMENT *#NYIF Hits 4,680 DISBURSEMENT* 1. @NigeriaFMYS 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.
According to the Ministry,  details from the NIRSAL Micro Finance Bank (NMFB) showed the beneficiaries, who received the loans as at the end of April 2021, are spread across the country and critical sectors of the economy.

Mr Manga who disclosed the appreciation of the beneficiaries assured the applicants of the Programme that more disbursements will be achieved in the coming weeks to ensure that the objectives of the programme are achieved.

“The beneficiaries have commended the Ministry for surmounting the initial challenges to make the disbursements possible¬†@SundayDareSD

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“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”, Manga stated.

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NYIF: FG disburses N1.31billion

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