Apply For N500,000 and N2 Million Graduate Entreprenuership Fund for NYSC Members

The graduate entrepeurship fund (GEF) invites applications from serving corps members for its grants.This a special N2.5 bilion empowernment programme for serving members of the National Youth Service Corps (NYSC) which was launched on October 5, 2015. This novel scheme is a joint initiative of the Bank Of Industry and National Youth Service Corps.

Grant objectives

  • To encourage graduate especially serving Corp members to embrace entrepreneurship and become job creators rather than job seekers.
  • To help address the entrepreueship capacity gap of serving Corp members who are expected to produce bankable business plans after the 3 day caacity building programme.
  • Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans for loans between 500,000 and 2 million naira to be provided by the bank of industry.
  • Ensure the sustainability of the businesses of eventual loan beneficiaries through efective monitoring by NYSC and BOI.

THE GEF PROGRAMME WILL COMPRISE THE FOLLOWING:

  • Online business plan competition to select the most promising real sector business ideas. Selection/Screening of participants shall be done via the GEF online application portal: www.boinigeria.com
  • Three days intensive entrepreneurship capacity building programme.
  • Loan amount of up to 2 million naira to be provided for each successful participant with bankable business plans within BOI’s 35 SME clusters at an interest rate of 9% per annum, with tenure ranging from 3-5 years inclusive of 6-12 months moratorium period (see list of clusters on www.boi.com.ng).

Location

CAPACITY BUILDING PROGRAMME IS SCHEDULED TO HOLD SIMULTANEOUSLY IN THE FOLLOWING LOCATIONS

S/N GEO-POLITICAL ZONE/STATE NYSC CAMP LOCATION

  • South-South Former macfris TTC Issele-uku, Aniocha north L.G.A , Delta

    State.

  • South-East Umunna, Bende L.G.A , Abia state.
  • South-West Aisu College Hospital Road, Ede. Osun state
  • North- East Government College Jalingo
  • North-Central Mangu, Plateau state
  • North-West Mani Road, Katsina, Katsina state
  • Lagos Iyana Ipaja, Agege, Lagos state

How to Apply

Interested serving NYSC members are hereby requested to apply online as soon as possible at www.boi.com

Deadline: The Entrepreneurship Capacity Building Programme will take place at the above stated centers between 18th-20th November, 2015

Click here for more details and to apply

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