Bank of Industry (BoI), First City Monument Bank (FCMB) and Heritage Bank have released a total of N7.2 billion loan to the National Youth Service Corps (NYSC), to boost corps members skills acquisition and empowerment goals.
“The tune of 2 billion Naira by Bank of Industry, 5 billion Naira FCMB Credit
Direct, 200 million Heritage Bank, 10 million NYSC Foundation and Bank of
Agriculture loan have been given to boost corps members’ skills acquisition,”
Director General, NYSC Brigadier General Johnson Olawunmi said at the 2015
Batch ‘B’ stream one, Orientation Course at Ipaja, Lagos, on Saturday.
He noted that the efforts put in by the scheme, to get some
financial institutions and establishments to key into NYSCs Skills Acquisition
and Empowerment goals was beginning to yield result with the granting of loans.
However, he urged the corps members to quickly take
advantage of these loans which require their NYSC discharge certificate as
collateral by accessing these funds and using it judiciously to start up their
businesses.
He maintained that governments solution to the problem of
unemployment is Skill Acquisition and Entrepreneurship Development, urging
corps members to embrace this initiative as government job is on
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