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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 2021 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 2021 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 2021 Is Out*

National Youth Empowerment Funds Application Form 2021 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 2021-2024*.

Read also: FACT CHECK: Do Nigerian senators enjoy the highest salary among lawmakers in the world?

*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*


Post a Comment

  1. Pls I need help for my business & my school payment.

    ReplyDelete
  2. Pls I need help for my business

    ReplyDelete
  3. Pls I need help to proceed my study

    ReplyDelete
  4. Replies
    1. i need help to open my automobile workshop, were I will repair car

      Delete
  5. Am a student of 100level in university of Calabar. I need support to pay my school fee

    ReplyDelete
  6. Pls I need money to boost my business.

    ReplyDelete
  7. Please I need help for my education

    ReplyDelete
  8. Please I need help for my business

    ReplyDelete
    Replies
    1. I need help for my business

      Delete
    2. Pls help me for my business

      Delete
    3. I need help from the country.. Need to paid my school feel and my business..?

      Delete
  9. WHY IS THE PROCESS FAILING, IT MIGHT BE A PRANK

    ReplyDelete
  10. please i nerf help for m'y business

    ReplyDelete
  11. Good day sa/ma
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  12. good morning I need a help to grow my farm. I am a pig breeder

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  13. I'm Bunu Baba Kura from Borno State.

    ReplyDelete
  14. Am Doris omwenga from kenya i need heip for my project

    ReplyDelete
  15. I need your help cause i want to finish my studies

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  16. I need help for my business eatery

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Hi, I,m Pospi Otuson. A Nigerian Blogger, Social Entrepreneur and Convener of the renowned Boki Business Conference. CEO/Founder of Possibility Desk, the largest online consulting platform for possibilities in the world.

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