News
Youth Investment Fund Benefits 5,200 Youth As 25,000 More Await Approval, Disbursement
Joel Ajayi
The Nigeria Youth Investment Fund (NYIF), operated by the Ministry of Youth and Sports Development, has disbursed loans to 5,200 youth amounting to one billion, six hundred and twenty-nine million two hundred and twenty thousand naira (N1,629,220,000.00)
The information is contained in the latest update provided to the Ministry by the NIRSAL Micro Finance Bank (NMFB), which disburses the loan. The update also showed that it was prepared to disburse to another batch of 25,000 youth as soon as their loan applications are approved.
Total eligible applications approved stood at 6054 out of which the 5,200 disbursements were made, leaving the number of those that have been approved but yet to get disbursement, at 854. The number of unqualified applicants for the batch stood at 721.
An advisory from the Ministry revealed that some applications were turned down because the applicants did not provide valid or correct contact details for communication on further steps in the loan application; or had existing AGSMEIS or COVID-19 Loan while some others were more than 35 years old, which puts them beyond the age bracket for youth.
Other reasons are that the applicants had poor credit rating or currently had a non-performing loan with some others failing to provide a valid BVN as well as incomplete or incorrect BVN.
The Ministry wishes to further remind beneficiaries and applicants that the monies disbursed by the Nigeria Youth Investment Fund (NYIF) to the youth are not grants, but repayable loans.
Meanwhile, another batch of 25,000 youth have been pre-qualified for training ahead of final clearance for disbursement with the Ministry disclosing that it was in consultations with other partners to expand the loans disbursement platform so as to fast-track access to the Fund.
Only N3 billion has been provided by the Central Bank of Nigeria (CBN) out of the N12.5billion approved for the first tranche of the NYIF. So far, 54.6 % of the N3 billion has been disbursed.
About 25,000 are lined up for approval, training and eventual disbursement.
News
Nentawe Is a Unifier, Not a Fractionalizer
Cyril Ogar
The North Central Youth Coalition for Asiwaju (NCYCA) wishes to address recent misguided comments and actions by certain unscrupulous elements attempting to undermine the National Chairman of our great Party, the All Progressives Congress (APC), Prof. Yiltwalda Nentawe, and destabilize the harmony currently enjoyed within our ranks.
In a statement released on Monday in Abuja and signed by the National Coordinator of NCYCA, Mr. James Iorkusah, the group condemned these detractors and reaffirmed its unwavering support for the leadership of Prof. Nentawe.
According to the NCYCA, some so-called “support groups” — notably the All Progressives Congress Youth Solidarity Network (APC-YSN) — are not recognized by the official APC structure and therefore lack the legitimacy to speak for the Party. The statement described the APC-YSN as a fringe coalition of political opportunists bent on sowing division and confusion within the Party for the selfish interests of their sponsors.
“The public should not take these impostors seriously,” the statement read.
Contrary to the false narratives being peddled, the NCYCA emphasized that Prof. Nentawe’s leadership is anchored on unity, inclusion, and progress. His actions and policies have consistently demonstrated a sincere commitment to bridging internal divides, fostering collaboration, and promoting a shared vision for the future of the APC.
Since assuming office, Prof. Nentawe has worked tirelessly to strengthen internal cohesion, reconcile differing interests, and ensure that every member of the APC feels heard and valued. It is therefore unthinkable for any genuine stakeholder to call for his resignation on the baseless accusation of being a “disrupter.”
As a recognized youth support organization within the North Central region, the NCYCA urges all Party stakeholders to rally behind Prof. Nentawe in his quest to advance unity, inclusivity, and the expansion of the APC membership base — welcoming all Nigerians of goodwill, including Governor Caleb Mutfwang, whose name has been mischievously used by political saboteurs to stoke division.
Under Prof. Nentawe’s leadership, the APC has grown stronger, more participatory, and more representative — providing every member with a voice and an avenue for both personal and community growth.
The NCYCA deeply appreciates Prof. Nentawe’s unwavering dedication to the ideals of the All Progressives Congress and looks forward to continued partnership in building a more united, dynamic, and progressive Party.
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