The Ministry of Youth and Sports Development’s 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 statement by the Director of Press, Mohammed Manga, the latest report from NYIF partner, NIRSAL Micro Finance Bank (NMFB) showed that the beneficiaries who received the loans as of the end of April 2021 were spread across the country and critical sectors of the economy.
He stated that the beneficiaries had commended the Ministry for surmounting the initial challenges to make the disbursements possible.
Manga said the Ministry wished to assure applicants that more disbursements would be achieved in the coming weeks to ensure that the objectives of the programme were achieved.
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I already updated my account,but up to now no any grant ,and you say job creation at where?always Nigeria fails