NYSC secures N200m bank facility for disbursement to corps members as loans – DG
The National Youth Service Corps (NYSC) on Friday said it had secured over N200 million bank facility for disbursement to corps members as loans to enbale them start their businesses.
Brig.-Gen. Johnson Olawumi, the Director-General of the corps, said this when the Commander, Guards Brigade, Nigerian Army, Brig.-Gen. Musa Yusuf, paid a familiarisation visit to the NYSC Headquarters in Abuja.
“That has been a challenge; we train these corps members in the camp after the camp we have partners all over the country where corps members also receive training throughout the service year.
“Now, the issue is that when they get this training they don’t have start-up capital but we have been doing a lot to see there is opportunity for them to get startup capital. We have the NYSC foundation as we speak, the NYSC foundation has just approved loan worth N10 million for corps members.
“ Corps members based on the business plan they submit could get as much as N250, 000 and N400, 000. We have also signed an MoU with Bank of Industry though it is yet to take off but we are working on it.
SOURCE: NAN
“That has been a challenge; we train these corps members in the camp after the camp we have partners all over the country where corps members also receive training throughout the service year.
“Now, the issue is that when they get this training they don’t have start-up capital but we have been doing a lot to see there is opportunity for them to get startup capital. We have the NYSC foundation as we speak, the NYSC foundation has just approved loan worth N10 million for corps members.
“ Corps members based on the business plan they submit could get as much as N250, 000 and N400, 000. We have also signed an MoU with Bank of Industry though it is yet to take off but we are working on it.
SOURCE: NAN
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