NYIF Loan Status Checker | https://nyif.nmfb.com.ng/app|how to receive your Loan
The Nigerian Youth Investment Fund Application has been opened for some months now and we have seen a surge in the number of Nigerians who are applying on daily basis.
Have you applied for the NYIF and still you are yet to know of your loan status, don’t worry with this article well detailed enough with lot of information you will be able to know your loan status and the progress made so far.
Did you receive a congratulatory message from the Nigerian Youth Investment Fund portal!? Then it means that you have been lucky enough to be among the next set of beneficiaries to receive your fund or loan straight into your account.
How to login to NYIF Portal and check your loan status https://nyif.nmfb.com.ng/app
Here is the portal to open https://nyif.nmfb.com.ng but before then if you are yet to sign up for the program, please do click on the link and get your profile open. For those who already sign up, please keep reading this guide.
Here is how to check NYIF Shortlisted Candidates https://nyif.nmfb.com.ng/app
- Open this portal https://nyif.nmfb.com.ng/app
- Type in your bank verification number.
- You will have to Validate your BVN by clicking On validate BVN
- Now wait a little while for the portal to open and you will be requested to type in your password, please remember that password is sensitive so type it correctly.
- Wait for a confirmation link. Still yet visit your email for the link sent.
How to Check NYIF loan status:
You should login to NYIF portal and get to your dashboard.
You will be requested to type in your password, remember to type in the exact password used to sign up initially.
You now have to click on the beneficiaries list so as to access and know if you have been listed there.
The best and easy way out is to download the PDF List on your device and take out time to search or look for your name
How to receive your nyif.nmfb.com.ng loan:
Here is the step to take:
- First take a step and log onto the application portal.
- Login and click on NYIF Loan status
- You will get to see your loan amount.
- You need to accept the offer by clicking on accept loan offer
- Your BVN details is needed, so enter it
- Follow it up with your bank details..
Please note that you should get an account that can receive huge amount of money, the best here is the current account. Please don’t make use of student accounts if not your loan will bounce back if it was sent to the account.
There are some accounts that cannot receive 500,000 or 1,000,000 naira in bulk so please be properly guided in this.
Objectives of the Scheme
Access – Improve access to finance for youth and youth-owned enterprises:the loan should be dedicated to improving your business that is already existing
For national development: the scheme is expected to revive failing businesses and help improve on the Gross Domestic Product when fully implemented.
Employment – Generate much-needed employment opportunities to curb youth restiveness, this is said to be true because businesses will expand, open new offices and line of business thereby employing more hands to help meet production demands.
Training – there will be training on every aspect of this project, this is aim to Boost the managerial capacity of the youth and develop their potential.
Sponsored by CBN : this is not just NIRSAL Microfinance Bank, it is backed by the Central Bank of Nigeria with adequate funding from relevant Government agencies to help you and I get our business to the next level.
Boast creativity: youth will be able to expand on their skills, talents, and creativity. Their will be increase in creativity in few years to come.
Above all we are going to See the next Dangote, big time entrepreneurs, wealth creators, and employers of labour from all sector of the economy