CBN Launches Youth Initiative Entrepreneurship Development Programme for Corpers and Fresh Graduates

The Central Bank of Nigeria on Tuesday launched an empowerment scheme aimed at creating a new set of entrepreneurs among members of the National Youth Service Corps and fresh graduates.

The CBN Governor, Mr. Godwin Emefiele, who launched the Youth Initiative Entrepreneurship Development Programme for corps members, said the scheme would be implemented by the central bank and Heritage Bank.

He said the initiative would enable serving corps members as well as fresh graduates with good business ideas to assess N3m to start up their business.

The governor stated that while the loan would be given to corps members at single digit interest rate, they would be required to deposit their NYSC discharge certificates as collateral for the credit facility.

According to him, the bank is targeting 10,000 youth corps members in the pilot phase of the scheme, adding that this would help to create about one million direct jobs in the next four years.

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  1. Momoh Enemona says:

    Good news. How can someone apply?

  2. Adegoke Olanrewaju says:

    You claimed they launched Entrepreneurer development program and they don’t give us details on how to apply. Who is deceiving who?.These set of cabals knows who they will award the stuff to. God help us in this Nation.

  3. incomplete information

  4. What happens to those of us who graduated from Part-Time studies because we had to work to make ends meet along side schooling to be able to get good job & have improved standard of living to cater for the next generation. Why the discrimination? We graduated with good grades despite working hard while studying and now we hear stories like Age Limit of 25years – below & NYSC completion certificate only. When we had to pause after OND to work harder for money to go back into the system for completion, They have forgotten that it is the same NYSC that issued exemption certification to the Part-Time studies graduates. Please help the masses. We are jobless!!! Thank you

  5. Mohammed Sadiya says:

    I am interested in the scheme how do i apply?

  6. Onyekachi says:

    I think this information is incomplete. There is no channel for application, how then is it open to public?……. CBN governor or any other appropriate body should take NOTE!!!!

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