LATEST NYIF: Youth and Sports Ministry Begins Next Phase of Loan Approval Processes.

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Did you apply for Nigeria Youth Investment Fund loan? have successfully completed your loan application through the loan application portal? Do wish to apply for the next phase of the loan process? If yes, then be happy because we have good news for you.
It is in our pleasure to inform the general public and our esteem readers that the Youth and Sports Ministry Begins Next Phase of Loan Approval Processes. Interested persons should carefully read through this article for proper understanding on how to apply.
The Federal Ministry of Youth and Sports Development  (FMYSD) has commenced invitation of selected candidates for the compulsory online Entrepreneurship Training and Certification, through the e-learning portalhttps://fmysdenterprisetraining.ng, prior to the disbursement of the Nigeria Youth Investment Fund.decided.

 

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Youth and Sports Ministry Begins Next Phase of Loan Approval Processes.

Selection Method.

The candidates are selected from the pre-qualified applicants of the Programme who have successfully completed their loan application through the loan application portal https://nyif.nmfb.com.ng/app and have met the requirements for further participation in the loan approval process.

Recall that the Youth and Sports Ministry had in November, 2020 taken a decision of reshuffling the Loan approval processes thereby making the “Entrepreneurship Development Training and Certification” a follow up to the “Loan Application” contrary to the initial design of the Scheme where selected candidates are mandated to participate in the online Training, obtain the certificate before proceeding to the loan application.

The pre-qualified applicants of the Scheme should note that the invitation are sent “in batches” to applicants whose loan application met the requirements for further consideration in the programme.

Pre-qualified applicants of the scheme should also note that every selected candidate who recieves the Training Invitation must be ready to comply to the following:

1. Obey all instructions accordingly and as directed through Training Invitation mail and it’s follow up.

2. Must be ready to make him/herself available for the online Entrepreneurship Development Training

3. Must ensure completion of the courses and taking of the ‘Quiz’ therein, in good grades, in order to qualify for the Certificates.

Applicants who have not been pre-qualified should not panic as Pre-qualification is ongoing, and Pre-qualified applicants who are yet to cotheire their loan application, should as quickly as possible to to to complete the too to stand a chance in the next batch of the Training invitation.

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For the avoidance of doubt and prevention of fraud, below is a sample of the invitation sent through the e-mail addresses of selected applicants by the Federal Ministry of Youth and Sports Development:

Youth and Sports Ministry Begins Next Phase of Loan Approval Processes.

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