NYSC secures N200m bank facility as loans for corps members with business ideas | Welcome to Linda Ikeji's Blog

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Friday, 21 August 2015

NYSC secures N200m bank facility as loans for corps members with business ideas

The Director general of the National Youth Service Corp NYSC, Brig -Gen. Johnson Olawumi today announced that the scheme had secured a N200 million bank facility for disbursement to corps members as loans to enable them start any business of their choice. The DG said this while receiving the Commander, Guards Brigade, Nigerian Army, Brig.-Gen. Musa Yusuf who paid him a courtesy call at the NYSC headquarters in Abuja


“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. 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 said

45 comments:

@sugarcassie said...

Let's hope the money is duly used for the intended purpose!!! Lives will be changed n transformed!!

Vicky Darl said...

Okay

Anonymous said...

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Edem Christabel said...

Wow! That's gud! A welcomed initiative

ROYAL PRIESTHOOD said...

Ok

BONARIO NNAGS said...

Nice one, its a welcomed development.

~BONARIO~says so via NOKIA LUMIA

kelvin andre said...

Good.

Henry Eze said...

Na them go still chop the money and giving out the said loans won't be preferential and they might even request for bribe....no be Nigeria again

Apple Berry said...

OMG. That's good news for prospective corpers like me o. Now service doesn't sound like a huge burden and waste of time anymore. Thank God

Henry Eze said...

Na them go still chop the money and giving out the said loans won't be preferential and they might even request for bribe....no be Nigeria again

ROYAL PRIESTHOOD said...

Hmmmmm.I hope dis wil go a way to assist d corps members and d fund not ending up in private pockets of greedy and corrupt army officals.

Angie Cape said...

Nice one!
Well, I hope it will be disbursed truly and fairly.

AC£S said...

Hope that money won't go missing

ed DREAMZ said...

a.k.a EDWIN CHINEDU AZUBUKO said..
.
Believe me the money will be shared among this guys......
.
.
***CURRENTLY IN JUPITER***

OGUNDIRAN OYINDAMOLA said...

Nice 1

OGUNDIRAN OYINDAMOLA said...

Nice 1

diary of a gidi stoner said...

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christie benjamin said...

That's a good one.

Elvis Ebuka said...

Odiegwu

freeborn zinalima said...

Nice one,only if the criminals there we not divert it to there personal account,because nigerian's has lying and criminal blood in them.


























#sad indeed

freeborn zinalima said...

Nice one,only if the criminals there we not divert it to there personal account,because nigerian's has lying and criminal blood in them.


























#sad indeed

Juliet Iwuno said...

Nice one, na make one person no carry the money enrich himself alone cos yawa go gas seriously. Linda take note!

Juliet Iwuno said...

Nice one, na make one person no carry the money enrich himself alone cos yawa go gas seriously. Linda take note!

Juliet Iwuno said...

Nice one, na make one person no carry the money enrich himself alone cos yawa go gas seriously. Linda take note!

Juliet Iwuno said...

Nice one, na make one person no carry the money enrich himself alone cos yawa go gas seriously. Linda take note!

NaijaDeltaBabe said...

Nice one

lindabella ogbonna said...

Nice one.

Mihearty said...

The foundation is good. It helps corpers after nysc to start something on their own before securing employment.

Ngene Olivia said...

That's very cool










#it WILL only GET better
#IT must END in PRAISE

Ngene Olivia said...

That's very cool










#it WILL only GET better
#IT must END in PRAISE

Anonymous said...

Great move!





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Adrian Egonu said...

Ok.

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Anonymous said...

Abeg guys...... What of me that wants to make billions soon.... Im already a Millionaire

Jola Aderemi-Makinde said...

This is great. Well done Heritage Bank and BOI. I hope the interest rates are favourable. And I like love the idea of discharge certificates as collateral. That is quite innovative.

Chidinma Okereh said...

Na now i don pass out una go do dis kind tin, why una no do am wen i still dey serve? Yeye

ogueri kelechi said...

Its already been done. We were asked to submit biz proposals in our last cds.

ary said...

This scam they have being running for years! They will just swipe the money and put applicants on a long thing.

Anonymous said...

click on the link

Anonymous said...

click on the link ...

Mba Gist said...

click on the link .

Anonymous said...

good initiative,they should publish the names of loan corper inorder not forge another certificate

Anonymous said...

good initiative,they should publish the names of loan corper inorder not forge another certificate

Joseph Uba said...

wonderful concept. i am a beneficiary of this goodwill. a loan with no interest repayable within 3 years

Ade Olasengbe said...

Good idea

Tolulope Matthew Matex said...



Great one, i love this its pretty interesting pretty good for some business run up -

http://matexwrites.blogspot.com/2015/07/40-lucrative-business-to-start-and-make.html

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