The Federal Government has announced that the Nigeria Youth Investment Fund (NYIF), has successfully implemented the disbursement of N165,700,000 worth of loans to 23 beneficiaries so far.

This was disclosed in a statement by the FG on Wednesday, the FG said the exercise has received 3 million applications so far.

It said, “The Nigeria Youth Investment Fund (NYIF), being implemented by Ministry of Youth and Sport , has successfully completed its pilot disbursement of loans totaling N165,700,000 to 239 beneficiaries ahead of the processing of the over three million applications so far received.”

They added that the fund “is being implemented by Youth Ministry in partnership with the CBN and Ministry of Finance and is being disbursed through NIRSAL”