Bank of industry (BOI) in its effort to promote entrepreneurship in Nigeria has made funds available to encourage young Nigerian graduates of tertiary institutions who are currently serving under the NYSC program to start up new businesses as well as expansion of existing ones.
This product will be available to serving NYSC members that have successfully passed through the following stages:
- Screening process
- Attended the capacity building programme developed specifically for the prospects under GEF
- Submitted a bankable business plan in respect of any of the Bank’s identified 35 SME clusters listed in Appendix I. (Any subsequent addition to the Bank’s identified cluster shall also be included)
Projected Impact
The fund shall be deployed to support the establishment and/or expansion of an estimated 1,000 enterprises promoted by NYSC members across the country. The scheme is expected to create a minimum of 5,000 direct jobs and 25,000 indirect jobs annually, totaling 30,000 jobs.
See the attached for further details:
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