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NYIF Loan Disbursement Portal Validation / How to Receive Funds

The Nigerian Youth Investment Fund has started sending out loans to all interested and qualified applicants who applied on the NMFB Portal.

If you applied for the Nigerian Youth Investment Fund (NYIF) Loan and you have not supplied or submitted your bank details where the funds will be sent to and also the loan amount, then kindly be informed that the portal is now open for the application for disbursement of loan.

Official message on this development reads;

See Also: Federal Government MSME Grant / How to Apply

“Dear Prospective NYIF Applicants,

Kindly validate your BVN on the NYIF portal by following the procedures below and enter your bank verification number and create your password, then submit. You are to wait for the NYIF portal to process your request which a mail with link will be sent to your email address you registered on the NYIF portal. It takes few minutes or days to receive confirmation mail, this is because the system is responding to millions of application.”

See Also: $5,000 Project Grow 100 Grant for Nigerian Youths / Apply now

You can login to the portal and submit your bank account details and the amount you wish to apply for following the steps below:

  1. Visit the Nirsal Micro-finance Bank (NMFB) and NYIF Portal via https://nyif.nmfb.com.ng
  2. Click on the Loan Application
  3. Enter your 11 digits Bank Verification Number (BVN)
  4. Finally, click on Validate BVN to start your Loan application

See Also: Federal Government Youth Empowerment Programs 2021

If you have not registered, you can register following this steps below:

  1. Visit this link >> NYIF (nmfb.com.ng)
  2. Enter your names and BVN
  3. Click on Next button, You will get a message that registration successful
  4. Finally, check your submitted email inbox/spam box for a confirmation email and complete your registration.

See Also: Federal Government Guaranteed Offtake Scheme / How to Apply

After a successful registration, you will then have the opportunity to update your account details, loan amount and other records that needs to be updated.

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38 Comments

  1. My registration was successful and link was sent to my email but I can’t access my email. I entered forgot password on the email but was given one number that ends with 80 which is not my phone . What do I do please?

    1. As stated, the mail can take up to days to be delivered due to the number of applications. Kindly refresh your email every now and then. Don’t forget to check the spam folder too.

  2. You yau Ibrahim you said that you forgot your password and how so sure you are that the link was sent to you, how do you know what?

    1. As stated, the mail can take up to days to be delivered due to the number of applications. Kindly refresh your email every now and then. Don’t forget to check the spam folder too.

    1. As stated, the mail can take up to days to be delivered due to the number of applications. Kindly refresh your email every now and then. Don’t forget to check the spam folder too.

      1. The mail can take up to days to be delivered due to the number of applications. Kindly refresh your email every now and then. Don’t forget to check the spam folder too.

    1. As stated, the mail can take up to days to be delivered due to the number of applications. Kindly refresh your email every now and then. Don’t forget to check the spam folder too.

  3. Please i did this with my cellphone… The registration and the bvn… Now waiting for the confirmation mail. I hope using my phone Still counts.

      1. No one can say specifically, just keep refreshing your email and make sure you check your spam folders as well.

  4. I just did my own now and what am seen is Loan status: (In proces),pproved
    loan amount: (0.00),
    Loan tenor. (0),
    And Loan moratorium: (0)

    Why review letter saying not yet approval

    1. You have to be persistent. I have being trying mine now for more than 2 weeks now, still giving me the same error message. Just keep on refreshing the page over and over again each time it shows you the error message. I completed mine as at the time of writing this comment.

  5. Mine says ur loan request have been sumitted for review and approval . How long will it take to approve the loan?

  6. Please tell me what i can do, because I apply npower with my old email but I forgot my password and now again I open another email any 2 email I open with one phone number. Please tell me how I can solve my problem

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