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Claim:
A shared WhatsApp message claimed that the National Youth Empowerment Fund, a federal government agency is giving out ₦150,000 – ₦200,000 grants to Nigerians.
Conclusion:
False, the website is fraudulent. The Federal government has an ongoing initiative named National Youth Investment Fund under the control of NIRSAL Microfinance Bank. Also, the loan application batch for 2023 has closed.
Ripples Nigeria can confirm that the National Youth Investment Fund is a genuine initiative from the Ministry of Youth and Sports Development funded by the Central Bank of Nigeria being disbursed by NIRSAL Microfinance Bank.
The initiative is expected to run from 2020 to 2023 and the batch for 2023 has closed. Also, it is not a grant, rather it is a loan to help businesses across the country. A loan that does not involve doling out cash to applicants but having the cash equivalent as equipment to boost their businesses.
The National Youth Investment Fund website is nyif.nmfb.com.ng
Full Text:
A viral WhatsApp message claimed the National Youth Empowerment Fund is paying ₦150,000 – ₦200,000 grant to Nigerians who need helping hand in their business and education.
The message reads;
*National Youth Empowerment Fund Application Form 2023 Is Out*
National Youth Empowerment Funds Application Form 2023 online for registration exercise which is the quickest to apply for is now out for all bonafide citizens only who needs helping hands in their various Business and Education
*The National Youth Empowerment Funds is vision into giving out ₦150,000 – ₦550,000 grant to every Citizen under the age 13-65 years From 2023-2024*.
*Interested Applicants are to visit Online Registration Portal*
September Payments has began for all applicants, Register To be Part of the Beneficiaries
*Strictly for Students and Business owners*
A shared WhatsApp message claimed that the National Youth Empowerment Fund, a federal government agency is giving out ₦150,000 – ₦200,000 grants to Nigerians.
Conclusion:
False, the website is fraudulent. The Federal government has an ongoing initiative named National Youth Investment Fund under the control of NIRSAL Microfinance Bank. Also, the loan application batch for 2023 has closed.
Ripples Nigeria can confirm that the National Youth Investment Fund is a genuine initiative from the Ministry of Youth and Sports Development funded by the Central Bank of Nigeria being disbursed by NIRSAL Microfinance Bank.
The initiative is expected to run from 2020 to 2023 and the batch for 2023 has closed. Also, it is not a grant, rather it is a loan to help businesses across the country. A loan that does not involve doling out cash to applicants but having the cash equivalent as equipment to boost their businesses.
The National Youth Investment Fund website is nyif.nmfb.com.ng
Full Text:
A viral WhatsApp message claimed the National Youth Empowerment Fund is paying ₦150,000 – ₦200,000 grant to Nigerians who need helping hand in their business and education.
The message reads;
*National Youth Empowerment Fund Application Form 2023 Is Out*
National Youth Empowerment Funds Application Form 2023 online for registration exercise which is the quickest to apply for is now out for all bonafide citizens only who needs helping hands in their various Business and Education
*The National Youth Empowerment Funds is vision into giving out ₦150,000 – ₦550,000 grant to every Citizen under the age 13-65 years From 2023-2024*.
*Interested Applicants are to visit Online Registration Portal*
September Payments has began for all applicants, Register To be Part of the Beneficiaries
*Strictly for Students and Business owners*
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