Home NewsNigerian news NYIF Loan Disbursement: FG Approves 7,000 Disqualifies 1,000 (Check Your Name)

NYIF Loan Disbursement: FG Approves 7,000 Disqualifies 1,000 (Check Your Name)

The FG has made another important notice to all shortlisted NYIF Loan applicants to check their names. Below is more info...

by Eniola Samuel
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NYIF Loan disbursement approval status check

Recently we at DopeGossip posted a fast and interesting update on the Federal Government announcement about the resumption of the application for the NYIF Loan.

After which the FG made another announcement on how about 10,000 applicants of the Nigeria Youths Investment Funds (NYIF) Loan Program has been shortlisted.

NYIF Loan Disbursement: FG Approves 7,000 Disqualifies 1,000

Now to finalize those previous processes, the Federal Government has made another new update about the approval status.

We learnt from the FG that out of the 10,000 shortlisted NYIF Loan applicants only about 7,000 persons were marked qualified for the loan and about 1,000 persons were marked disqualified.

For those people who wants to apply for the NYIF Loan successfully, we advise you to follow our guide of to how to apply for the NYIF Loan.

The FG presented how the 10,000 shortlisted NYIF applicants were categorized based on their status, see below for info.

The data of the breakdown is seen below:

  • Only 7,000 marked approved by FG
  • Over 1,000 marked disqualified
  • About 721 were unqualified.
  • 282 applicants marked not approved
  • About 997 marked unaccounted

Based on the information reaching us as stated by the sports minister, no reasons for the disqualification of the NYIF program applicants were mentioned.

The minister also mentioned that only 6,050 applicants were qualified for the NYIF Loan while funds were disbursed to total of 5,285 beneficiaries.

It is worth to remember that those applicants that were shortlisted will receive a mail via the email addresses used at the point of registration.

As mentioned, the email is being sent in batches and that means applicants are to wait for their mail as it will definitely get to them in due time.

We at DopeGossip always advise applicants to always check with the official website or portal so as to avoid getting into scam.

How to Check Your NYIF Loan Approval Status

The official website to check your approval status is

https://nyif.nmfb.com.ng/

Stay tuned to the blog as we release new updates every day in order to keep our users informed.

Click on the bell to get notified instantly as soon as we published a post on this blog.

Good Luck!

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