The Bank of Industry has established a N2bn entrepreneurial fund for members of the National Youth Service Corps.

The Graduate Entrepreneurial Fund was jointly launched by the bank and the NYSC in Lagos on Monday.

The Managing Director, BoI, Mr. Rasheed Olaoluwa, stated that the initiative was meant to provide solution to graduate unemployment in Nigeria.

Olaoluwa noted that judging by the National Bureau of Statistics’ data that of the over 250,000 graduates that enrolled in the NYSC scheme each year, over 41 per cent were without employment after the mandatory programme, because job creation had not kept pace with the growth in the country’s working population.

The BoI MD commended the NYSC Directorate for promoting an entrepreneurial mind set among the members through its Skills Acquisition and Entrepreneurship Development initiative.

The SAED, a capacity building programme, was introduced in March 2012 by the NYSC as part of its orientation course content with the aim of raising an army of entrepreneurs that will drive the economy instead of job seekers trudging the streets in search of jobs.

Olaluwa noted, however, that corps members were usually deprived of the full benefits of the programme because they often engaged in numerous other activities during the orientation programme.

According to him, this also inhibits their ability to generate bankable business plans that can attract funding by financial institutions.



http://www.punchng.com/business/business-economy/boi-establishes-n2bn-fund-for-nysc-members/

FTC *wink*

i pray i get this benefit because i have alot to offer after my school

Really

Is this how Buhari wants to fulfill this campaign promise =>



www.nairaland.com/attachments/2491559_twimg20150606110308_jpeg4924ed8fc95c29bd13a67cca7f6c6f8e


or may be it is to fulfill one or all of the following promises =>



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[img]http://i.onthe.io/vllkytaHR0cDovL2Nkbi0wMS5uYWlqLmNvbS9vL3dObkJ2Mmc1cFl6QjJkblFua0UycVZJTy5qcGc=.prx.r800x600.3eeade4c.jpg[/img]

Laudable gesture. it's been long overdue.

Good news

Good, but i pray it is distributed to proper cahnnel....cos sometimes, na only news paper you go see am, the money no go reach the right place

na state coordinator's go chop am finish

Olaoluwa noted that judging by the National Bureau of Statistics’ data that of the over 250,000 graduates that enrolled in the NYSC scheme each year, over 41 per cent were without employment after the mandatory programme..."Nonsense

One more reason to scrap this useless programme

I pray it's not like youwin,that they were selecting their family members and relatives from abroad.
Madam NOI

wooow

This is good news... Hair dressers, tailors, weavers, welders etc... Time to be your own boss.

Good move.

No form of collateral?' how wld dere recoup dia aid bck' I smell a rat sumwhere

This news hmmmmmm oya let me tell my babe so that She can go nd get her own enough of UC I want this I want that

Eye service

Did I make first page?

If I did, how do I access it. Is it going to be another YOUwin program?

I know how to produce manure. We need it in the ministry of agriculture

Good move if it is not politicised.

★★★Nice move but I don't trust Nigeria system ★★★~ ©Mistabiola®

l hope it works.

All we hear is but millions and billions....
Yet we no see d impact...
NiGerIa which way na,!
* sipping* chilled vodka

Ok. But is for the nysc official.

Two billion naira that will materialise or vanish into thin air?

Nice initiative.

Loan is not enough to ensure a successful business venture, the awardees also need to be trained on financial and business management. Classroom knowledge is not enough.

Fellow Nairalanders, please check out our incredible offer below

The same money that the same staff and directors of the same BOI would give to themselves as loans and grants leaving the NYSC members gasping for breath. smh

Good but people with light fingers like Fashola and Amaechi shouldn't near there o!

I hope they won't need work experience to grant access to the loan.

Ok na...