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Nairaland Forum / Nairaland / General / NYSC / NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG (19778 Views)
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NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by FREEEMANAN(m): 9:14pm On Aug 21, 2015 |
The National Youth Service Corps (NYSC) on Friday said it had secured over N200 million bank facility for disbursement to corps members as loans to enbale them start their businesses. Director-General of the corps, said this when the Commander, Guards Brigade, Nigerian Army, Brig.-Gen. Musa Yusuf, paid a familiarisation visit to the NYSC Headquarters in Abuja. “That has been a challenge; we train these corps members in the camp after the camp we have partners all over the country where corps members also receive training throughout the service year. “Now, the issue is that when they get this training they don’t have start-up capital but we have been doing a lot to see there is opportunity for them to get startup capital. We have the NYSC foundation as we speak, the NYSC foundation has just approved loan worth N10 million for corps members. “ Corps members based on the business plan they submit could get as much as N250, 000 and N400, 000. We have also signed an MoU with Bank of Industry though it is yet to take off but we are working on it. “ A couple of months ago, I also approached Heritage Bank and Heritage Bank is setting aside the sum of N200 million under a package where corps members will get a soft loan and the only collateral they will have to drop will be their discharge certificate. “ We are also talking with Central Bank Governor to see that a micro credit loan could be arranged specially to address corps members in this category.” He debunked allegations that the corps has yet to provide skill acquisition and entrepreneurship development to corps members, adding that the exercise had been ongoing since 2012. According to Olawumi, the NYSC has so far trained over 400,000 corps members since the commencement of its skills acquisition programme in over 12 different skills. He said that the NYSC, under the sponsorship of the World Bank, was currently partnering with an international organisation to train corps members interested in going into the building and property development sector. Olawumi also called on the Guards Brigade to continue to assist the NYSC in ensuring the safety of corps members serving in the Federal Capital Territory as well as those serving in other states. The director-general also directed the Director, Skills Acquisition and Entrepreneurship Development (SAED) of the corps, Mrs Mary Dan-Abia, to commence partnership with the brigade’s skills acquisition centre in Keffi, Nassarawa State. Earlier, Brig.-Gen. Yusuf assured the NYSC that the brigade had made adequate security arrangements to ensure the safety of corps members serving in FCT. Yusuf said that part of the security arrangements put in place included regular patrolling of the FCT, adding the safety of corps members was one of the priorities of the Guards Brigade. He also assured the NYSC boss that the brigade would continue to support and partner with the corps in the area of training of corps members and other related needs. “I am here on behalf of the Guards Brigade, officers and their families to commend you on the collaboration and support we have received from the NYSC so far. “ I want to promise that this collaboration, support and understanding will be maintained. “ If there is anything we need to improve on in terms of our relationship or training to new corps members or any other area the Guards Brigade is here to support and assist.” www.vanguardngr.com/2015/08/nysc-secures-n200m-bank-facility-for-disbursement-to-corps-members-as-loans-dg/ 3 Likes 1 Share |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by kikilove(f): 9:14pm On Aug 21, 2015 |
Good development.One last FTC before going to bed.Goodnight fellow nairalanders I hope u all have pleasant night rest 4 Likes |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Immanueladebol(m): 9:15pm On Aug 21, 2015 |
I hope d monies ill gt to deir destinatn 6 Likes |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by idolda: 9:16pm On Aug 21, 2015 |
Small small chanji dey come 3 Likes |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by idolda: 9:21pm On Aug 21, 2015 |
Small small chanji dey come 2 Likes 1 Share |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Nobody: 9:21pm On Aug 21, 2015 |
WAITING FOR THEM TO APPROVE INCREASE IN ALLOWANCES... DAZALL.. GOOD DEVELOPMENT OLAWUNMI 3 Likes |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by RhemaDavids(f): 9:25pm On Aug 21, 2015 |
If and If Only it would be done as said Then is good One |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by adesegun121(m): 9:34pm On Aug 21, 2015 |
Ok |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by ladyF(f): 9:35pm On Aug 21, 2015 |
Very welcome development Its [size=20pt]LadyF[/size] again 1 Like |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by adonbilivit: 9:35pm On Aug 21, 2015 |
if that money gets to the corpers make I know wetin cause am. meanwhile LadyF as u are above me no go mess ontop my head o 4 Likes |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Claroo(m): 9:35pm On Aug 21, 2015 |
RhemaDavids:I seee Y |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by UnknownT: 9:36pm On Aug 21, 2015 |
Hope some people won't connive and embezzle the money, use 10% of the money to pay lawyers who will represent them and at the end they will be granted bail. I trust Nigerians sha 1 Like |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Gurboho: 9:36pm On Aug 21, 2015 |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by kurt09(m): 9:37pm On Aug 21, 2015 |
Na today! |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by pasword: 9:37pm On Aug 21, 2015 |
Our president is working! |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by YouAreBlessed(m): 9:37pm On Aug 21, 2015 |
Nice one. Meanwhile, 1 Like
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Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Adesiji77: 9:38pm On Aug 21, 2015 |
Good move |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Aitee1: 9:38pm On Aug 21, 2015 |
Kai.......who send me go serve since the days of Abraham |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by sud12(m): 9:38pm On Aug 21, 2015 |
Like seriously, dis is encouraging!!! Dis is d change we are hoping for!! 2 Likes 2 Shares |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Millz404(m): 9:39pm On Aug 21, 2015 |
Grabs pen Starts writing proposal |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by ignis: 9:39pm On Aug 21, 2015 |
NICE ONE. ... some corpers will marry with the money 4 Likes |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by tola9ja: 9:39pm On Aug 21, 2015 |
BABA 1 Like |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by natas22: 9:39pm On Aug 21, 2015 |
I pray the corpers will have access to the funds |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by Nobody: 9:40pm On Aug 21, 2015 |
I heard alawi has bin increased. Let it be true in my turn o, 19k too small |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by johntaiwo123(m): 9:40pm On Aug 21, 2015 |
OK! OK! |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by dust88: 9:40pm On Aug 21, 2015 |
Gala price don change ooo |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by BCISLTD: 9:40pm On Aug 21, 2015 |
per corper or what?... Check my signature. ..call or whatsapp |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by francizy(m): 9:42pm On Aug 21, 2015 |
Absolute bullshyt! but I guess the likes of socialmediaman who criticized YouWin with all his might will applaud this shyt!! |
Re: NYSC Secures N200m Bank Facility For Disbursement To Corps Members As Loans – DG by tola9ja: 9:42pm On Aug 21, 2015 |
[size=18pt]Thank GOD it Friday[/size] |
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