NYIF Loan Approval News / Update Today 31st December 2021
NYIF Loan Approval News / Update Today 31st December 2021
NYIF Loan Approval News / Update Today Thursday 30th December 2021 – The Minister for Youth and Sports Development, Mr. Sunday Dere, has revealed that the distribution of Nigerian Youth Investment Fund (NYIF) to young beneficiaries will begin soon.
It was also when he appealed to all young people to apply for the funding opportunity that the portal will reopen next year.
He made the remarks at the closing of the Next Titan reality TV show in Lagos.
READ – Nigeria Youth Investment Fund NYIF Loan Training Update – Check Here
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According to him, if the opportunities provided by the industry were used by the young people, the national unemployment rate would be reduced.
He praised the crop of entrepreneurial performances that have continued to develop and inform the institutions of the Ministry's constant and weak support.
READ – NYIF Shortlisted Candidates – NYIF Loan Shortlist
Another Titan is the latest TV show annually to improve the young entrepreneurship in Nigeria. It highlights the benefits of SME growth and the fact that investment and participation are critical to personal and national development.
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NYIF Loan Approval Updates and Information
Get the below information ready before your NYIF loan will be approved
Business information
- Business Sector
- Enterprise Type Business Description
- Loan Details
READ – How to Upload NYIF Loan Business Plan/Proposal on Portal – nyif.nmfb.com.ng Proposal Upload
Proposed Loan Amount
- Proposed Loan Tenor
- Proposed Loan Moratorium
- Loan Purpose
- Bank Name
- Account Number
FINANCIAL INFORMATION
- What is your projected average monthly sales revenue for the next 12 months?
- What is your projected monthly sales revenue?
- What is your projected monthly operating expenses?
- What is your projected monthly gross profit?
- What is your projected annual operating expenses?
- What is your projected gross profit (2021)?
- What is your projected gross profit (2022)?
- What is your projected gross profit (2023)?
- What is your projected annual net income?
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To complete your NYIF loan application for approval, CLICK HERE
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