• HOME
  • JOBS
  • HOTUN/NGOJOBS
  • GET JOB ALERT
  • CONTACT US
Facebook Twitter Instagram
Careersngr: Latest Recruitment and Job Vacancies in NigeriaCareersngr: Latest Recruitment and Job Vacancies in Nigeria
  • HOME
  • JOBS
  • HOTUN/NGOJOBS
  • GET JOB ALERT
  • CONTACT US
Careersngr: Latest Recruitment and Job Vacancies in NigeriaCareersngr: Latest Recruitment and Job Vacancies in Nigeria
Home»Loans»NYIF Loan Disbursement: LAPO MFB starts Disbursement | NYIF Loan Approval – Login to Check your Application Status

NYIF Loan Disbursement: LAPO MFB starts Disbursement | NYIF Loan Approval – Login to Check your Application Status

Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

NYIF Loan Disbursement: LAPO MFB starts Disbursement – NYIF Loan Approval – Login to Check your Application Status.

I DON’T HAVE TIME! GO STRAIGHT TO THE APPLICATION PORTAL BY CLICKING HERE.

S/NAvailable Federal Government Loans
1NYIF Loan Approval – Login to Check your Application Status
2₦250,000 FG Loan by NDE has Commence
3CBN disburses ₦948 billion to 4, 478, 381 Farmers – Check if you among the beneficiaries Now!
4FG Finally Agrees to Give 1000 Youths ₦20,000.00 – Sadiya Umar Farouq Speaks during the Launching of this New Youth Empowerment Program – Apply Now!
5Federal Government Begins SMEDAN ₦1.5m Loan Disbursement – Get Access!
6₦800m Agric Loan – Farmers to Benefit – See the Amount you can Get Now! – Apply!
7MSME loan: 330,128 to benefit CBN N159.2B Disbursement – Apply Now
8₦400,000 Grant for Young Entrepreneurs Begins – If you have a small business or want to start a small business, then don’t Miss Out – Apply Now!
9N5,435,000 (5.4 Million) Grant for Entrepreneurs – Apply now Before the Deadline -Get Grant Now!
10₦1.7m Grants Fund Disbursement
11₦410,000 Business Grant From Shell Nigeria to 117 Young Entrepreneurs
12Entrepreneurs To Get N8m Grant to Boost Businesses – Apply Now!

CHECK YOUR LOAN APPROVAL STATUS HERE

LAPO Microfinance Bank has taken the lead in disbursing the Nigeria Youth Investment Fund (NYIF loan). Loans will be disbursed to 25,000 recently selected beneficiaries of the program.

Recall that the Federal Ministry of Youth and Sports Development approved in 2022 LAPO Microfinance Bank (LAPO MFB), NPF Microfinance Bank (NPF MFB) and Baobab Microfinance Bank (Baobab MFB) as paying out NYIF loans in 2022, in addition to Nirsal Microfinance Bank (Nirsal MFB). (Nirsal News)

Responding to the enthusiasm of LAPO MFB in ensuring that the loan reaches the beneficiaries without any delay, the NYIF loan beneficiaries under the bank appreciated the efforts of LAPO MFB management and prompt lending to other NYIF loan disbursing banks. Encouraged to follow in their footsteps in the distribution.

NYIF loan beneficiaries filled the social space with songs of joy yesterday by displaying credit alerts ranging from N250,000 to N3 million as LAPO MFB distributed NYIF loans to the beneficiaries on a large scale.

The Nigeria Youth Investment Fund (NYIF) is a N75 billion youth-based loan program launched by the administration led by President Mohammed Buhari to invest in the innovative skills and entrepreneurship of young Nigerians.

The loan has a 5% single digit APR and a mortgage 12 months before repayment. The Nigeria Youth Investment Fund was approved by the Federal Executive Council in July 2020.

Since its approval in 2020, ministry reports show that between 2020 and 2021, only 10,000 young people benefited from the loan program.

To expedite the disbursement of NYIF loans to the more than 3 million youth who have registered for the program, the Ministry has included the services of NPF Microfinance Bank, LAPO Microfinance and Baubab Microfinance in the disbursement of loans.

Each NYIF loan disbursing bank assigns multiple beneficiaries, and communicates with the beneficiaries through their phone numbers and email addresses provided during registration.

While it is the duty of banks to disburse NYIF loans to the beneficiaries, shortlisting and training of shortlisted applicants is the sole responsibility of the Ministry of Youth and Sports Development.

According to the ministry, applicants should be trained before accessing the Nigeria Youth Investment Fund (NYIF loan).

nyif sms approval

CHECK YOUR LOAN APPROVAL STATUS HERE

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Previous ArticleNigerian Army DSSC Shortlisted Candidates 2022 for Screening Exercise
Next Article CBN NIRSAL reveals new Loan Application Portal for N10M

Related Posts

FG Begins SMEDAN ₦1.5m Loan – Apply

July 4, 2022

Apply: CBN Presents N253.4million Grant to check Pandemic

July 3, 2022

COVID-19: CBN Presents N253.4million Grant to check Pandemic

July 3, 2022

CBN Covid-19 Loan 2022 | Application

July 3, 2022

NYIF ₦500k Loan Shortlisted Candidates is out | Check

June 30, 2022

₦1.7m to be given to less privileged Nigerians – Get Access Now!

June 30, 2022
Add A Comment
BROWSE JOBS BY LOCATION 
  • Jobs in Nigeria
  • Jobs in Lagos State
  • Jobs in Abuja FCT
  • Jobs in Rivers State
  • Jobs in Maiduguri Borno
  • Jobs in Oyo State
  • Jobs in Enugu State
  • Jobs in Edo State
  • Jobs in Kaduna State
    Click here to see more states
BROWSE JOBS BY QUALIFICATION
  • FSLC Jobs in Nigeria
  • SSCE/GCE/NECO Jobs
  • OND/NCE Jobs in Nigeria
  • HND Jobs in Nigeria
  • BSc/BA/BEng Jobs
  • LL.B/BL Jobs in Nigeria
  • B.Pharm Jobs in Nigeria
  • MBBS/MBBC Jobs
  • MSc/MA Jobs in Nigeria
  • PhD Jobs in Nigeria
Copyright © 2022 Careersngr | All Right Reserved.
  • Privacy Policy
  • About US
  • Contact
  • Disclaimer

Type above and press Enter to search. Press Esc to cancel.