Are you a corps member looking for how to fund your business idea? The Bank of Industry (BOI) N2 billion Graduate Entrepreneurship Fund (GEF) is calling for entries now.
Program Structure:
An indication of interest by the corps members through an online business ideas competition administered by BOI ( www.boi.ng/gef ).

4 days intensive entrepreneurship training on generating a business idea, business model, basic financial record keeping and marketing.

Soft loans for those with enterprises/viable business ideas.

The Capacity Building Programme is held at selected NYSC Orientation Camps in each of the six (6) geopolitical zones.

Key Features of GEF Scheme include:

Obligor Limit:Up to N2.0 million loan

Pricing Interest Rate: 0%

Tenor: 3 – 5 years

Moratorium: 6 -12 months from date of Loan Disbursement.

Security :Security for the facility is a combination of:
I. Specific charge over the equipment
II. Lien on the NYSC discharge certificate
III. One (1) external guarantor acceptable to BOI