In cooperation with the Central Bank of Nigeria (CBN) and the Nirsal microfinance bank, the federal government began approving NYIF loans to applicants once they were partially completed.
The Nigerian Youth Investment Fund (NYIF), set up last year by the federal government to support young Nigerian entrepreneurs looking to start their own businesses, was set up to approve loans for successful candidates.
Applicants who have successfully completed online entrepreneurship training should take the following steps to check the status of their loan:
1. Applicants are to Visit the NYIF portal nyif.nmfb.com.ng.
2. Provide your login details in the NYIF dashboard(Username and Password).
3. Then Click on Check Loan Status.
A diaglog box will appear showing your loan status if approved or still pending.