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Nigeria Youth Investment Fund (NYIF), a scheme by the Ministry of Youth and Sports Development, has disbursed loans to at least 4,680 beneficiaries amounting to N1.31billion out of the first tranche of N12.5 billion.
NYIF spokesperson, Mohammed Manga, in a statement yesterday quoted a latest report from partner, NIRSAL Micro Finance Bank (NMFB), as showing that the beneficiaries who received the loans as at the end of April 2021 were spread across the country and critical sectors of the economy.
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“The beneficiaries have commended the ministry for surmounting the initial challenges to make the disbursements possible. 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,” he said.
