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NYIF: 10,000 Youth Shortlisted, Await Training, Disbursement

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Joel Ajayi

After the initial pilot phase of the Nigeria Youth Investment Fund (NYIF) which saw 5,285 beneficiaries, another 10, 000 youth have been shortlisted for training after which they will be approved for funds disbursement under the NYIF scheme.

In a statement from the Ministry of Youth and Sports Development on Tuesday in Abuja stated that out of the ongoing screening of over three million applicants for the NYIF loan, ten thousand (10,000) have been shortlisted for training by the Ministry after which they will be approved for specific amounts.

According to the statement, with the successful completion of this pilot phase NIRSAL has cleared names of another ten thousand (10,000) for training and subsequent loan approval and disbursement. Loans are in the range of two hundred and fifty thousand (N250, 000) to three million naira (N3, 000, 000) for now.

“These names are available on the FMYSD website and NOYA website. Checks done include Age, BVN whether or not the individual has an existing government loan or has received COVID-19 business payments.

“All approved applicants will undergo training to ensure efficient use of the loan, therefore, increasing the yield and growth the loan can deliver to the intended business owner. “NYIF is an initiative by the Federal government to invest in the innovation skills and enterprise of young Nigerians. The loan has a single-digit APR at 5% and a moratorium of 12 months before repayment. Nigeria Youth Investment Fund (NYIF) was approved by Federal Executive Council in July 2020.”

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House Committee Satisfied With FMYSD’s Submission Over Athletes Ineligibility in Tokyo, Summons NBBF Over D’Tigress

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The Honourable Minister of Youth and Sports Development, Mr. Sunday Dare alongside his Permanent Secretary, Alhaji Ismail Abubakar and the Ministry’s Anti-Doping Committee appeared before the House Committee on Sports led by its chairman, Honourable Olumide Osoba.

It was a meeting that provided the Minister with an opportunity to also shed more light on allowances of the women’s basketball team, D’Tigress, payments made to the NBBF and the doping allegations against some Team Nigeria athletes to the Olympics in Tokyo, Japan.

In his report about the doping allegations, The Minister corrected an erroneous impression that many had by clearing the notion that the athletes were not guilty of doping or taking any form of illegal, performance enhancing substance.

“The Athletes were required to take three out of competition tests at 3 weeks intervals which of course they did but took it a week earlier, and that was why they were not allowed to participate in the Olympics. It should also be noted that, these ten athletes were not banned from participating in the Olympics but were ineligible to compete due to their missing the mandatory out-of-competition tests at the appropriate times,” Dare said.

On the allowances of D’Tigress, it was through the adopt-an-athlete initiative of the Minister that the sum of Two Hundred and Thirty Thousand Dollars($230,000) was raised from a group of Banks for the D’Tigress and D’Tigers. This money came in during the Olympics and was deposited into the NBBF’s CBN account.

According to the Minister, “we issued a statement regarding the $230,000 and on return from Olympics the players of both teams were asked to submit their account details so the CBN could process the payment at once, as we speak, we have only details of the female team; D’Tigress and none of D’Tigers obliged to this.

“Prior to now, the CBN have been instructed to process payment of the 12 female team members as first trench payment.

“The Process for the payment for D’Tigress is in place and near completion, the money is intact in the CBN account as CBN has provided statement of account to prove that the $230,000 NBBF fund was not misappropriated.”

According to one of the Honourable members of the Committee, Honourable Dachung Musa, representing Jos South/ Jos East Federal consistency, “We are satisfied now that you have provided the right information, especially the fact that our athletes were not banned or found guilty of taking illegal substances. I will dare to say, information is key in portraying the good image of our dear country.”

The Committee thereafter summoned the former NBBF President, Engineer Musa Kida to appear before it within two weeks.

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