Olowozain:

This is FG programme and not a traditional loan, so FG could stand as our guarantors and collaterals and even as our solicitors if they need to suddenly convert the program loan terms into traditional loan terms because we were all invited by Federal Government (FG) and the conditions to have access to fund our businesses doesn't include guarantors

Let us relax and be more focus and watch what happen next

Abi, is this not what a sensible government should be doing. Just watch what will happen next year when this programme calls for participants.

WORLDPEACE:

Add that to the fact that they've wasted tax payer's money that's short in circulation training every one of us. It makes no sense if most can't access the loan. We are looking at about a billion spent on training. It's ridiculous!

I don't think the training has been a waste. Even if I'm unsuccessful in acquiring this loan, I'm 100% positive I will make use of this quality training in whatever endeavour I find myself, be it paid work or entrepreneurial enterprise .

I think I made a complain about the reliability and credibility of this program earlier on this thread by saying nigerian gov doesn't want to help, but I was attacked by one Olowozain that I'm talking like an illiterate. Now we all are seeing what the outcome might be. if the previous administration can introduce youwin, why this administration can't? I said all these training for 3 months and at the end of the day many may end up unsuccessful, but still that Olowozain attacked me that my point are aggressive to the government and not assertive. now see their unnecessary policy coming up when the going is right near fruitful. I will still repeat it that I'm ashamed to found myself as a Nigerian.

hippyseason:


I don't think the training has been a waste. Even if I'm unsuccessful in acquiring this loan, I'm 100% positive I will make use of this quality training in whatever endeavour I find myself, be it paid work or entrepreneurial enterprise .

True but it's annoying na, we came for the money not knowledge or would you have applied if this online training was the only thing up for grabs?

hippyseason:


I don't think the training has been a waste. Even if I'm unsuccessful in acquiring this loan, I'm 100% positive I will make use of this quality training in whatever endeavour I find myself, be it paid work or entrepreneurial enterprise .

True but it's annoying na, we came for the money not knowledge or would you have applied if this online training was the only thing up for grabs?

samplanner:
I think I made a complain about the reliability and credibility of this program earlier on this thread by saying nigerian gov doesn't want to help, but I was attacked by one Olowozain that I'm talking like an illiterate. Now we all are seeing what the outcome might be. if the previous administration can introduce youwin, why this administration can't? I said all these training for 3 months and at the end of the day many may end up unsuccessful, but still that Olowozain attacked me that my point are aggressive to the government and not assertive. now see their unnecessary policy coming up when the going is right near fruitful. I will still repeat it that I'm ashamed to found myself as a Nigerian.

Sportize:


I suggest u start that campaign now because d earlier d better nd if u av to wait till u get to d end of d entire tin, u will be disappointed nd out of energy as its wat u already heard about providing d guarantors

Yes u are required to provide 2 legit guarantors, nd truely its not a plus on the program at all

Finding one is an headache not to say two
#smh

I have a question please. Do you know whether relatives can stand in as guarantors? Or whether guarantors have to be non-relatives?

Jethrolite:
True but it's annoying na, we came for the money not knowledge or would you have applied if this online training was the only thing up for grabs?

I get what you're saying. And I do admit I probably wouldn't have gotten involved if the online training was the only thing for grabs. The way I see it though, the online training is in the bag, and a chance to get finance is still on the table, no matter how small that chance may be. That makes it worth it. Let's just calm down guys, do our best at every point in this process, try to see the silver lining in this, and everything we do. I promise we'll all be happier that way.

Talking about benefits of the training, hope all participants have been downloading the videos. Me I don't stream o, I download every damn video for future use. You know we still have to make reference to those videos in the near future. I advice y'all to.

samplanner:
I think I made a complain about the reliability and credibility of this program earlier on this thread by saying nigerian gov doesn't want to help, but I was attacked by one Olowozain that I'm talking like an illiterate. Now we all are seeing what the outcome might be. if the previous administration can introduce youwin, why this administration can't? I said all these training for 3 months and at the end of the day many may end up unsuccessful, but still that Olowozain attacked me that my point are aggressive to the government and not assertive. now see their unnecessary policy coming up when the going is right near fruitful. I will still repeat it that I'm ashamed to found myself as a Nigerian.

Like I've said on this thread before, a people get the kind of leaders they deserve. Even if this was meant to be a scam, if we do our own bit and mount sustained pressure on them we will get what's ours o. We just need to be a united group. If you walk away with the "I said it" mentality, you have given them just what they want. Demand for what's yours. Leaders, no matter how corrupt, succumb to pressure too. The right amount of pressure yields results. LETS BE UNITED, COHESIVE AND ASSERTIVE.

hippyseason:


I get what you're saying. And I do admit I probably wouldn't have gotten involved if the online training was the only thing for grabs. The way I see it though, the online training is in the bag, and a chance to get finance is still on the table, no matter how small that chance may be. That makes it worth it. Let's just calm down guys, do our best at every point in this process, try to see the silver lining in this, and everything we do. I promise we'll all be happier that way.

That's true. I'm already working on a new business idea since my initial idea won't fly.

WORLDPEACE:
Talking about benefits of the training, hope all participants have been downloading the videos. Me I don't stream o, I download every damn video for future use. You know we still have to make reference to those videos in the near future. I advice y'all to.

I was downloading only pdf and sometimes audio then I decided to stream the video one day. To say the least I wasn't impressed with the audio. What I intend doing is combining all my pdf into one large printed manual, number it properly and add a content page.

Jethrolite:
I was downloading only pdf and sometimes audio then I decided to stream the video one day. To say the least I wasn't impressed with the audio. What I intend doing is combining all my pdf into one large printed manual, number it properly and add a content page.

I started with audio too because I was trying to conserve data but I changed later to video. when you are done collecting it all I will need it too, please.

Where should I start correcting Mr. samplanner.

Your comments are too aggressive and your notion that people would retract because of some mere challenges are nothing to write about.

Your way (samplanner) and my way of thinking are utterly different.

I still don't believe because of a rumor about guarantor would still make you envisaged that the program would failed and make you openly condemned the program.

Actually, I think there is something personal about you samplanner that maketh you thinking this way you have been thinking.

I have benefited from the program so far and I still don't believe I would not get to the top end of the program.

We are problem solvers, we could correct them to do the right thing assertively not aggressively.

We could let them realize what they don't know assertively not aggressively.

I have been using that skills of assertiveness to achieve some good results that are complicated like this one we are about to face.

Don't expect any journey in life to be smooth, so you must be focus on what you want to achieve. (the purpose of rough journey is to distract you as samplanner said a lot of young entrepreneurs would retract, may be him inclusive I don't know)

This life has never been a bed of rose for anyone.

Good job to Jethrolite who has taken a prudent advice from Sportize to reshape his business plan, that's the kind of helping hand we need on this platform not your kind of words @ samplanner.

WORLDPEACE also talked about resolution which is one of the key factors needed to achieve our aims and correct those guys (BoI/FG) if they are taking wrong steps.

samplanner, reshape your thinking faculty please. You are an entrepreneur, a problem solver, a risk taker, a pacesetter, a leader and a manager. You just have to be focus and always optimistic

WORLDPEACE:

I started with audio too because I was trying to conserve data but I changed later to video. when you are done collecting it all I will need it too, please.

You will buy na I am the latest information marketer in town. That kind of knowledge is not cheap but as na we we, N20k.

Jethrolite:
You will buy na I am the latest information marketer in town. That kind of knowledge is not cheap but as na we we, N20k.

Oya, keep your information. I dey try gather funds to comb the nook and crannies of Benin republic for a guarantor you dey try deplete my resources. Is that how you use to do?

WORLDPEACE:

Oya, keep your information. I dey try gather funds to comb the nook and crannies of Benin republic for a guarantor you dey try deplete my resources. Is that how you use to do?

No o, is not so o. Let us do the 18 courses and I'll mail you.

Olowozain:
Where should I start correcting Mr. samplanner.

Your comments are too aggressive and your notion that people would retract because of some mere challenges are nothing to write about.

Your way (samplanner) and my way of thinking are utterly different.

I still don't believe because of a rumor about guarantor would still make you envisaged that the program would failed and make you openly condemned the program.

Actually, I think there is something personal about you samplanner that maketh you thinking this way you have been thinking.

I have benefited from the program so far and I still don't believe I would not get to the top end of the program.

We are problem solvers, we could correct them to do the right thing assertively not aggressively.

We could let them realize what they don't know assertively not aggressively.

I have been using that skills of assertiveness to achieve some good results that are complicated like this one we are about to face.

Don't expect any journey in life to be smooth, so you must be focus on what you want to achieve. (the purpose of rough journey is to distract you as samplanner said a lot of young entrepreneurs would retract, may be him inclusive I don't know)

This life has never been a bed of rose for anyone.

Good job to Jethrolite who has taken a prudent advice from Sportize to reshape his business plan, that's the kind of helping hand we need on this platform not your kind of words @ samplanner.

WORLDPEACE also talked about resolution which is one of the key factors needed to achieve our aims and correct those guys (BoI/FG) if they are taking wrong steps.

samplanner, reshape your thinking faculty please. You are an entrepreneur, a problem solver, a risk taker, a pacesetter, a leader and a manager. You just have to be focus and always optimistic

I've met a lot of people like you in life who think they know best. I was only airing my concerns about the program and not condemning it. anyone who would truly read all your comments on this thread will understand that there's some sort of hypocritical opinions in it. it's better to be humble even if you know a lot. We all have benefited from the online courses, but that's not the only thing we're after. That's just summarise my views.

All these certificates we are packing from these online training, how viable are they to our securing a job in the should incase one decides to take up a paid-job temporarily before start -up. Biko, someone should please answer me o!

Also, after finishing few courses, why is that I cant see other online courses to do? Is it that the remaining are hiding somewhere or what? No new course to take on My Courses page. Only the old/completed ones are showing.

WORLDPEACE:

Let's just make it to the very last stage of the program. My philosophy of life is that nothing is given; you gotta take it. I don't know what Buhari's intentions are but I'll be damned if I am going to let them waste my data and funds on a program only to be given requirements I can't meet. I will lead a social media campaign the stench of which they cannot stand. I know the negative feedback from across the nation is already piling up. There is so much pressure a man can take, even if they are politicians. I have aluta in my DNA. We won't just roll over and play dead. I want to believe there is just a disconnect between the bank, us and the government. We will all end up as one big happy family.

I like the part where you suggested the campaign on social media. To make this effective, I think it might do us good to begin collecting contacts of loyalist. The government cannot, in good conscience, dissipate 3 to 4 solid months of my life, plus the finincial costs in data and then give us this crap.

If they knew we would provide guarantors, they should have made that known to us from the onset. We have to coalesce to fight them back the best way we can.

Bokoharamites could easily get amnesty for maiming life. Militants are begged to accept amnesty at every front (lol). Little supports to help a budding entrepreneur contribute his quota to national development is impossible for the govt to carry out. SPITS.

justli:


I like the part where you suggested the campaign on social media. To make this effective, I think it might do us good to begin collecting contacts of loyalist. The government cannot, in good conscience, dissipate 3 to 4 solid months of my life, plus the finincial costs in data and then give us this crap.

If they knew we would provide guarantors, they should have made that known to us from the onset. We have to coalesce to fight them back the best way we can.

Bokoharamites could easily get amnesty for maiming life. Militants are begged to accept amnesty at every front (lol). Little supports to help a budding entrepreneur contribute his quota to national development is impossible for the govt to carry out. SPITS.

Guys, they actually mentioned guarantors in their terms/conditions at the very beginning of the registration. Though it was hidden amongst a list of almost endless terms but I got a wind of the guarantor part. The only cross I have with them is that, they didn't make it clearly known to intended participants when filling the form. You know hardly will anyone read up the terms/conditions page while fillng the online form.

The best is to just believe they'll ask for guarantor for every successful candidate so everyone should prepare for it. If they don't ask, maybe on a case by case basis, then good for you .

AyaSunday:


Guys, they actually mentioned guarantors in their terms/conditions at the very beginning of the registration. Though it was hidden amongst a list of almost endless terms but I got a wind of the guarantor part. The only cross I have with them is that, they didn't make it clearly known to intended participants when filling the form. You know hardly will anyone read up the terms/conditions page while fillng the online form.

The best is to just believe they'll ask for guarantor for every successful candidate so everyone should prepare for it. If they don't ask, maybe on a case by case basis, then good for you .

I saw the guarantor part but they did not say how many or what they are suppose to stand for you for. I have been thinking about a way to collect contacts of loyalist to push this campaign. Nobody needs to be afraid, it's going to be on social media. We must act o. Closed mouths don't get fed.

Olowozain:
Let us leave the issue of guarantor aside and be more focus until we get there.

I still want to participate in the vocational studies after the one week in-class training as BoI/PAU promised.

As far as YES-P is concern, I have never read anything of such attached to the programme activities.

The two certificates worth more than anything and it is enough to established seriousness and commitment into the mind of young entrepreneurs

3/5 years loan period is a good tactic to make young entrepreneurs more committed to repay the loan.

The sudden rumor about introduction of any form of guarantor will stand as a barrier if it turn out to be true because not everybody, I mean not even the auspicious entrepreneurs might be able to provide a guarantor.

This is FG programme and not a traditional loan, so FG could stand as our guarantors and collaterals and even as our solicitors if they need to suddenly convert the program loan terms into traditional loan terms because we were all invited by Federal Government (FG) and the conditions to have access to fund our businesses doesn't include guarantors

Let us relax and be more focus and watch what happen next

My dear cohort 2 participants,

I'd like to advise that we cool down a bit on this issue of guarantor(s). While the concern of most of us as expressed so far is quite understandable. (Its truly not easy getting a guarantor) I'm unable to hide the fact that I'm really worried about how mr. Olowozain has been vehement in opposing it. To start with, the moment I realized collateral won't be required(even before applying), I knew guarantor(s) must be involved. What then did I do? The owner of the facility where my funded equipment will be sited became my would-be guarantor. Since the equipment BOI is buying will be sited inside her property, it was easy convincing her to stand as guarantor. She can always monitor me as we operate and keep me on my toes if need be.

I was a bit surprised when Olowozain mentioned that FG can guarantee us. FG truly guarantees state govts accessing foreign loans, but that is simply because, they know that if state govts default on such loans, the funds can be deducted from their monthly allocations. You see, I once worked in a financial institution where we granted an unsecured(without collateral and guarantor) loan to a customer. What happened next? the customer absconded and we were unable to recover the loan until I left. Now, if FG decides to guarantee us and some participants(as their utterances on this issue clearly suggest) decide to abscond. How would BOI recover the loan and make this laudable initiative sustainable? I ask this because some participants may actually have this in mind judging by their utterances.

I strongly believe the guarantor clause is not to make accessing the loan difficult, but to ensure all beneficiaries are committed to repaying thereby making the initiative sustainable.

Now I'm also not against whatever social media campaign we decide to do towards making the loan requirement easier, as long as it is done in a mature and coordinated manner.

Dear mr Olowozain, may I know the monetary value of the two certificates you referred to in the bolded? Are you saying BOI can dispose the certificates to recover their money in case of default?

ol2012:

To start with, the moment I realized collateral won't be required(even before applying), I knew guarantor(s) must be involved. What then did I do? The owner of the facility where my funded equipment will be sited became my would-be guarantor. Since the equipment BOI is buying will be sited inside her property, it was easy convincing her to stand as guarantor. She can always monitor me as we operate and keep me on my toes if need be.

I was a bit surprised when Olowozain mentioned that FG can guarantee us. FG truly guarantees state govts accessing foreign loans, but that is simply because, they know that if state govts default on such loans, the funds can be deducted from their monthly allocations. You see, I once worked in a financial institution where we granted an unsecured(without collateral and guarantor) loan to a customer. What happened next? the customer absconded and we were unable to recover the loan until I left. Now, if FG decides to guarantee us and some participants(as their utterances on this issue clearly suggest) decide to abscond. How would BOI recover the loan and make this laudable initiative sustainable? I ask this because some participants may actually have this in mind judging by their utterances.

I strongly believe the guarantor clause is not to make accessing the loan difficult, but to ensure all beneficiaries are committed to repaying thereby making the initiative sustainable.

Now I'm also not against whatever social media campaign we decide to do towards making the loan requirement easier, as long as it is done in a mature and coordinated manner.

Your suggestion about guarantor is exactly what I will do. I've been thinking of the possibility most of today.

This programme shouldn't have been a loan in the first place. You don't give loans to idea stage businesses but to businesses that already have cash flow. I know most of us have never run a business before. Your business plan becomes useless the moment you finish writing it. The real world is entirely different. What I am trying to say is there are some who would have a solid business on paper then go ahead to start the business and are unable to meet up with payment. Not only will they be in jeopardy but their guarantors too. The whole thing is wrong from day one. Just put my words to memory, 2 years from now some business owners will be in serious trouble. What happens to a farmer that loses more than 50% of their produce in one way or the other?

There are committed people whose businesses will still fail. Do you know how many Youwin businesses collapsed? The owners did their best to troubleshoot but the business failed. Do you believe your own business idea is 100% fail proof? It can happen to anybody. Then how do you pay the loan back?

I am not against the social media campaign but see it as a waste of time. Nothing will move this government to change this programme as it is. The problem will only come when southerners are being forced to pay their loan while northerners' debt are converted to grants. Na that time we go protest to BOI offices else I don't see any campaign geared towards changing the terms of this programme being successful.

You're talking as if it's easy to take FG money and run away since BVN was enforced. This is not 2008 or so where people took Youwin money and ran away. At the border I believe your BVN will be checked to see if you're involved in any FG programme.

Jethrolite:
Your suggestion about guarantor is exactly what I will do. I've been thinking of the possibility most of today.

This programme shouldn't have been a loan in the first place. You don't give loans to idea stage businesses but to businesses that already have cash flow. I know most of us have never run a business before. Your business plan becomes useless the moment you finish writing it. The real world is entirely different. What I am trying to say is there are some who would have a solid business on paper then go ahead to start the business and are unable to meet up with payment. Not only will they be in jeopardy but their guarantors too. The whole thing is wrong from day one. Just put my words to memory, 2 years from now some business owners will be in serious trouble. What happens to a farmer that loses more than 50% of their produce in one way or the other?

There are committed people whose businesses will still fail. Do you know how many Youwin businesses collapsed? The owners did their best to troubleshoot but the business failed. Do you believe your own business idea is 100% fail proof? It can happen to anybody. Then how do you pay the loan back?

I am not against the social media campaign but see it as a waste of time. Nothing will move this government to change this programme as it is. [/b]The problem will only come when southerners are being forced to pay their loan while northerners' debt are converted to grants. Na that time we go protest to BOI offices else I don't see any campaign geared towards changing the terms of this programme being successful.

[b]You're talking as if it's easy to take FG money and run away since BVN was enforced. This is not 2008 or so where people took Youwin money and ran away. At the border I believe your BVN will be checked to see if you're involved in any FG programme.

You are most likely right about the social media stuff. However a trial may still not be a bad idea.
As for the BVN, bros CBN/NIBSS/Banks are yet to implement that phase oh! But of course we will get there as time goes on. So people can still collect govt money and run away lol

ol2012:


You are most likely right about the social media stuff. However a trial may still not be a bad idea.
As for the BVN, bros CBN/NIBSS/Banks are yet to implement that phase oh! But of course we will get there as time goes on. So people can still collect govt money and run away lol

Truth is if person stay or run, BOI will recover their money. Whoever stays and their business still fail, has a debt to pay. Whichever way, BOI will get their money back.

I know by the grace of God, my business will repay the loan in less than 6 months but I need like 70% of the N5m for working capital whike 30% goes for capital budget.

ol2012:


My dear cohort 2 participants,

I'd like to advise that we cool down a bit on this issue of guarantor(s). While the concern of most of us as expressed so far is quite understandable. (Its truly not easy getting a guarantor) I'm unable to hide the fact that I'm really worried about how mr. Olowozain has been vehement in opposing it. To start with, the moment I realized collateral won't be required(even before applying), I knew guarantor(s) must be involved. What then did I do? The owner of the facility where my funded equipment will be sited became my would-be guarantor. Since the equipment BOI is buying will be sited inside her property, it was easy convincing her to stand as guarantor. She can always monitor me as we operate and keep me on my toes if need be.

I was a bit surprised when Olowozain mentioned that FG can guarantee us. FG truly guarantees state govts accessing foreign loans, but that is simply because, they know that if state govts default on such loans, the funds can be deducted from their monthly allocations. You see, I once worked in a financial institution where we granted an unsecured(without collateral and guarantor) loan to a customer. What happened next? the customer absconded and we were unable to recover the loan until I left. Now, if FG decides to guarantee us and some participants(as their utterances on this issue clearly suggest) decide to abscond. How would BOI recover the loan and make this laudable initiative sustainable? I ask this because some participants may actually have this in mind judging by their utterances.

I strongly believe the guarantor clause is not to make accessing the loan difficult, but to ensure all beneficiaries are committed to repaying thereby making the initiative sustainable.

Now I'm also not against whatever social media campaign we decide to do towards making the loan requirement easier, as long as it is done in a mature and coordinated manner.

Dear mr Olowozain, may I know the monetary value of the two certificates you referred to in the bolded? Are you saying BOI can dispose the certificates to recover their money in case of default?

So this woman if the business fails (God forbid) and you are not able to repay, even if you don't abscond will carry the wahala with her head?

WORLDPEACE:


So this woman if the business fails (God forbid) and you are not able to repay, even if you don't abscond will carry the wahala with her head?

Na so na. While BOI retieves the debt through any bank account she has, she will turn her attention to Op to make sure he refunds. We do not pray for bad thing abeg. Anybody that wants to proceed must ensure their business is in food processing or some fmcg else they will run into trouble in no time. Let us observe the lead time BOI gives.

Jethrolite:
Na so na. While BOI retieves the debt through any bank account she has, she will turn her attention to Op to make sure he refunds. We do not pray for bad thing abeg. Anybody that wants to proceed must ensure their business is in food processing or some fmcg else they will run into trouble in no time. Let us observe the lead time BOI gives.

And they say two guarantors o.

Olowozain:
Please someone should kindly response; shall we get a certificate for the one week in-class training or no certificate for it??

Sportize

dyydxx

yes you will

nigeria has evil and wicked leaders,after many months of training spending for loan,they nw bringing strange condition for money that suppose to be grant jst like what gudluck did in youwin. boi are wicked people why did them tell us before hand the through condition of the loan,they want to use nigeria youths for business,God will ever punish them for deception. shame for this nation,i knw most of us will never this believe this country again.

Rhard:
nigeria has evil and wicked leaders,after many months of training spending for loan,they nw bringing strange condition for money that suppose to be grant jst like what gudluck did in youwin. boi are wicked people why did them tell us before hand the through condition of the loan,they want to use nigeria youths for business,God will ever punish them for deception. shame for this nation,i knw most of us will never this believe this country again.

I stopped believing some months back and have prepared mysekf for any surprises.

I suggest you do not give hope but fight to the very end.

And for the others, is this not what me and that other guy was discussing.