NYIF Releases New Update On Application And Disbursement

Did you applied for the NYIF loan 2024? If your answer is yes, then this update is for you. The management of NYIF has given an update regarding applicants application application and Disbursement status.

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The new message released by the NYIF team regarding applicants status state the following;

Dear Applicant! Thank you for your continued patience and interest in the Nigeria Youth Investment Fund (NYIF) program. We understand the importance of this opportunity to you and many other young Nigerians who are eager to grow their businesses and ventures.

We want to assure you that the disbursement process is ongoing, and we are working diligently to ensure that all successful applicants receive their grant or loan offers as soon as possible.

The process may take some time due to the high volume of applications, but rest assured, all eligible beneficiaries will be contacted once their funds are ready for disbursement, NYIF management stated.

In the meantime, please ensure that your contact information provided during the application process are accurate and up to date to avoid any delays.

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Thank you once again for your patience and understanding as we work towards empowering the youth of Nigeria through this initiative, NYIF management concluded.

Status of NYIF Disbursement

1. Total Application approve and received from CBN - 6775 applicants
2. Unqualified applicant with failed validation has been sent back to CBN for action - 721 applicants
3. Total Eligible Applications approved and received from CBN - 6054 applicants
4. Total Disbursed - 5200 applicants
5. Total Un-disbursed - 854 applicants

This is the massage released by the NYIF management team.