Corps members can now get as much as N250, 000 & N400, 000….
Category: Nigerian National News
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 enable 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.
“A couple of months ago, I also approached Heritage Bank and Heritage
Bank is setting aside the sum of N200 million under a package where
corps members will get a soft loan and the only collateral they will
have to drop will be their discharge certificate.
“We are also talking with Central Bank Governor to see that a micro
credit loan could be arranged specially to address corps members in this
category.”
He debunked allegations that the corps was yet to provide skill
acquisition and entrepreneurship development to corps members, adding
that the exercise had been ongoing since 2012.
According to Olawumi, the NYSC has so far trained over 400,000 corps
members since the commencement of its skills acquisition programme in
over 12 different skills.
He said that the NYSC, under the sponsorship of the World Bank, was
currently partnering with an international organisation to train corps
members interested in going into the building and property development
sector.
Olawumi also called on the Guards Brigade to continue to assist the
NYSC in ensuring the safety of corps members serving in the Federal
Capital Territory as well as those serving in other states.
(NAN)
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