By Dipo Olowookere
Not less than 325 corps members serving across the country have been given credit facilities worth N540 million by the Bank of Industry (BoI).
This disclosure was made last Friday by the Director-General of the National Youth Service Corps (NYSC), Brig-Gen Shuaibu Ibrahim, during a chat with the media in Abuja.
According to him, this amount was disbursed to beneficiaries who are entrepreneurs under the scheme’s Graduate Empowerment Fund.
He said further that a total of 1,132,409 corps members have so far been equipped with Skills Acquisition and Entrepreneurship Development (SAED) package of the scheme.
Continuing, he said another N15 million was shared to seven corps members by the Central Bank of Nigeria (CBN) in partnership with Heritage Bank under the NYSC/ CBN Youth Entrepreneurship Development Programme (YEDP).
“The SAED was established in 2012 with the mandate to drive the scheme’s collaboration with various stakeholders toward addressing the problem of graduate youth unemployment.
“The scheme is collaborating with national and international organisations toward providing material, technical and financial support for the programme.
“So far, 1,132,409 corps members have been sensitised and over 70,000 have undergone various forms of skills training,” he said.
“The BoI-NYSC Graduate Empowerment Fund, which is a product of our partnership with the Bank of Industry, is yielding encouraging results with the sum of over N540 million so far disbursed as loans to 325 corps entrepreneurs,” the NYSC boss added.
more recommended stories
Quickteller Makes JAMB Registration Easier, Sells ePINs
By Adedapo Adesanya Top consumer platform,.
Lagos Renovates 20 Public Secondary Schools
By Modupe Gbadeyanka The renovation of.
Elumelu Donates Technology Centre to Alma Mater AAU
By Adedapo Adesanya Chairman of United.
Fountain University Names Jaiz Bank Chairman as Chancellor
By Modupe Gbadeyanka Chairman of Jaiz.
JAMB Suspends NIN for 2020 UTME Registration
By Adedapo Adesanya The Joint Admissions.
ICPC Scribe Becomes Professor of Law at Bayero University
By Modupe Gbadeyanka The Governing Council.
ASUU Meets Buhari, Says IPPIS Violates Agreement With FG
By Adedapo Adesanya **Minister Says.
NUC Splits Mass Communication into Seven Fields
By Adedapo Adesanya The National Universities.