TINUBU IDENTIFIES CREATIVE SECTOR AS KEY TO ECONOMIC DIVERSIFICATION. (PHOTO).

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  President Bola Tinubu has identified the creative economy as a pivotal element of his administration’s economic diversification agenda, reaffirming his commitment to positioning Nigeria’s creative sector as a driving force for global influence. The President stated this at the launch of the 2024 Abuja International Carnival at Eagle Square, Abuja. President Tinubu, represented by Vice-President Kashim Shettima, said the carnival reaffirms the essence of who Nigerians are—”a people of culture, a people of art, a people of colour, and a people of shared values”. In a statement signed by the Senior Special Assistant to The President on Media & Communications, Office of The Vice President, Stanley Nkwocha, under the theme, “Carnival of Renewed Hope: A Pledge to My Country”, the event showcased performances from across Nigeria and beyond, demonstrating the administration’s commitment to cultural diplomacy. The Federal Ministry of Art, Culture, and the Creative Economy, working alongsi

NYIF LOAN: MINISTRY OF YOUTHS AND SPORTS DEVELOPMENT URGES SHORTLISTED APPLICANTS TO RESPOND PROMPTLY. (PHOTOS).#PRESS RELEASE.


FEDERAL MINISTRY OF YOUTH AND SPORTS DEVELOPMENT 

Press Release 

NYIF Loan: Ministry Urges Shortlisted Applicants to Respond Promptly
 
The Federal Ministry of Youth and Sports Development is currently delivering a fresh round of disbursements of the Nigeria Youth Investment Fund(NYIF) to youth beneficiaries  whose application have been successful.  
 
Less than 14% of the newly shortlisted applicants from the over 25,000 successful candidates, who are expected to be part of the loan, have responded to emails confirming their approval to receive the soft loan. Instructions on how to access the funds are contained in the email sent. The rate of response to the emails have been quite low. However, others who responded have received the funds into their PFI designated bank accounts.
 
Shortlisted candidates must respond to communication in order to conclude the disbursement process. Those who fail to respond risk forfeiting this opportunity. 
 
The Nigerian Youth Investment Fund (NYIF) is being disbursed to the youth who have expressed business needs within a range of N250,000 (Two Hundred and Fifty Thousand Naira) to N3m (Three Million Naira) depending on the scale of the business and its evaluation.
 
About 6,000 youth benefitted from the first set of disbursements in 2020 and the names of the beneficiaries have since been made public.

While in the second batch 4,375 have so far responded to their loan offer messages and received their funds.
 
The NYIF guidelines and processes remain the same.

Signed 
Mohammed Manga
Director (Press & Public Relations)
May 10, 2022


 

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