N1.31 billion has been disbursed to 4,680 beneficiaries under the Nigeria Youth Investment Fund (NYIF) from the first tranche of N12.5 billion by the Federal Government of Nigeria.
Details from the NIRSAL Micro Finance Bank (NMFB) showed the beneficiaries, who received the loans as at the end of April 2021, are spread across the country and critical sectors of the economy.
Mohammed Manga, Director of Press, Federal Ministry of Youth and Sports Development, said this in a statement on Sunday.
The Director said beneficiaries of the funds 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 added.