http://www.titopeblog.com/2018/05/nigerian-govt-to-give-corps-members-n2m.html

The Coordinator of the National Youth Service Corps in Osun State, Mr. Emmanuel Attah, has said the Federal Government has made plans for corps members with good business ideas to get loans of between N200,000 and N2m to start their businesses after the service year.

Attah stated that the loan, which would be given in collaboration with the Bank of Industry, the Central Bank of Nigeria, and Small and Medium Enterprises Development Agency of Nigeria, would be made available to corps members after they had undergone skill acquisition and entrepreneurial development programmes.

The coordinator said this during the skill acquisition and entrepreneurial development inter-platoon competition and exhibition at the NYSC Orientation Camp in Ede, Osun State on Tuesday.

Attah stated, “Interested corps members, who have undergone the SAED programme, will be given loans of between N200,000 and N2m after the service year. The business proposal will determine how much will be given to each applicant.

“The loan will be interest-free and the NYSC discharge certificates of interested corps members, who apply for the loans, will be used as the collateral. The discharge certificates will be subsequently returned to them after repayment of the loan, which has no time bound.

“The SAED programme and supporting loan were put in place after the NYSC observed that youths, after the service year, always end up unemployed and roaming the streets looking for non-existing white collar jobs.

“The skill acquisition programme will empower corps members after the service year to be self-employed and also be employers of labour. This will also reduce their involvement in criminal activities.”

The Head of BoI in Osun State, Mr. Emmanuel Ojoowuro, said the loans that would be given to the corps members would be in form of business items financing for the applicants.

Ojoowuro explained that items and materials would be provided to the business of individual corps members and that the loan could be up to N2m or as low as N200,000, depending on the nature of the business to be established.


The BoI official said the SAED and the start-up loans given to corps members had been very successful with many positive developments recorded in the last three years.

Hope u guys are not talking about this present regime of SAIBABA!!!! Mhe I no too well it can't work
Highest them government people will pack the money and hide!!

until it is realised. it's still a proposal

Rubbish, this is what they have been saying since everytime. I remember when we served years back, we were selected for CBN entrepreneurship program, we were trained after which we made presentations, the CBN people applauded our presentations and told us to write a business proposal which we did, and till we finished serving, we did not hear anything nor have we heard anybody that was giving the money.
So also is the case of BOI.

Rubbish, this is what they have been saying for a long time. I remember when we served years back, we were selected for CBN entrepreneurship program, we were trained after which we made presentations, the CBN people applauded our presentations and told us to write a business proposal which we did, and till we finished serving, we did not hear anything nor have we heard anybody that was giving the money.
So also is the case of BOI.