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Reason Some NYIF Loan Applicants Were not Pre-qualified for Loan Disbursement



NYIF Disbursement Begins:

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The federal ministry of Youth and Sport Development has given an update regarding the STATUS of NYIF LON DISBURSEMENT.


As stated by the management, the following reasons has made some NYIF Loan applicants not to pre-qualify for the NYIF Loan application.

  1. Some applicants do not provide a valid phone number for communication for further steps in the Loan Application
  2. Applicants has an existing AGSMEIS and Covid-19 Loan
  3. Applicants is older than 35 year, which put them beyond the youth age
  4. Applicant has a poor credit rating
  5. Applicants fail to provide BVN
  6. Applicants provide incorrect or incomplete BVN

However, another batch has been pre-qualified for training ahead of final clearance for disbursement. beneficiary and applicants are remained that the Nigeria Youth Investment Fund (NYIF) disburses repayable loan to the youth and not grant.

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