The Muhammadu Buhari administration, through the Bank of Industry, on Thursday formally launched a N10 billion Youths Entrepreneurship Support (YES) project to empower youth with loans to start businesses.

Speaking at the launch of the project in Abuja, the Minister for Industry, Trade and Investment, Okechukwu Enelamah, said his ministry would partner all agencies of government to create new jobs.

He said more than 40 per cent of Nigerian graduates had no jobs and that an average of eight million Nigerians entered the job market annually.

The minister said that the ‘YES’ project of BoI was part of the Federal Government’s youth employment scheme, saying that about 36,000 jobs would be created annually through ‘YES’.

He appealed to prospective beneficiaries to repay the loans for the success and sustenance of the project.

Waheed Olagunju, the acting Managing Director of BoI, said that a participant under the scheme could access up to N10 million loan with single digit interest rate and repayable over three to five years.

He said that an applicant must present NYSC or higher education certificate as collateral to qualify for the loan with two external guarantors.

Mr. Olagunju said that the bank was partnering 11 consultants across the country for the first phase of the project.

Afolabi Imokhuede, a Special Assistant to the Vice President, said job creation was at the heart of the current administration.

He said that government intended to create 3.5 million jobs in the next three years, adding that the ‘YES’ project was one of the programmes.

Mr. Imokhuede advised participants to take the ‘YES’ seriously as online courses were now popular means of job creation world wide.

Nasir El-Rufai, the Governor ok Kaduna State, said that the state was partnering with BoI on job creation.

He said that the state had been able to take controlling shares in Peugeot Automobile Nigeria with the assistance of BoI.

http://www.premiumtimesng.com/news/headlines/200306-buhari-administration-launches-n10-billion-youth-entrepreneurial-project.html

source: http://naija4web.com/Forum/viewtopic.php?f=23&t=56

what an interesting story! BUHARI KEEP IT UP

If its for the public, how can we apply for it.

i can't wait to see dis actualizing, dream come to reality. Farming tings on my mind

I beg hw can some apply for d loan i can't wait to actualized my potential dreams....

ykolajide:
I beg hw can some apply for d loan i can't wait to actualized my potential dreams....

keep watching and be upto date with news. ye shall be informed

nawebco:


keep watching and be upto date with news. ye shall be informed

Thanks. Please update us with information on this

All we are asking! We understand that we cannot vie for CBN jobs with your kith and kins regardless how much qualifications we possess or how deserving of the positions we are....only just lend us a hand, and we'll take it up all the way from there. Thanks!

We pray for sustainance!

You scrap YOU-WIN all because it was a project started by another government even though it was highly beneficial and the results were visible to all, only to start from scratch a similar project. This new one will probably have new consultants, new secretariat and staff and probably every single spending will start from foundation again. Just wondering when our leaders will truly learn and act in the best interest of Nigeria and not massaging their ego.

kross01:
You scrap YOU-WIN all because it was a project started by another government even though it was highly beneficial and the results were visible to all, only to start from scratch a similar project. This new one will probably have new consultants, new secretariat and staff and probably every single spending will start from foundation again. Just wondering when our leaders will truly learn and act in the best interest of Nigeria and not massaging their ego.

Nice one! Continuity is one of those things our Leaders need to work on. After 4years, the next administration would want to scrap YES and come with another project.

O ye' children of 'minimum wage' here's your kind of opportunity not CBN

Another 'YouWin' in disguise.....



Buhari copying GEJ since 1999!!!

chesterlee:
Another 'YouWin' in disguise.....



Buhari copying GEJ since 1999!!!

How is dis similar to youwin?
I bet u don't have a clue?
Lemme help you. Youwin is all about dashing out our common wealth as a nation to some privileged few. That is because youwin is a grant offered by the government.
But in this case, YES is a loan meant for graduates to empower the youth so as to combat the popular lack of capital excuse. Hence in this present scheme, the loan is payable back to the government coffers.

Must we always display our stupidity and interest. This is entirely different program from YOU WIN. Different parties with different ideologies and manifestoes.
If Buhari isn't an advocat of continuity, he would have cancel program like SUREP-GIS. Let us be constructive in our criticism of govt

Must we always display our stupidity and interest. This is entirely different program from YOU WIN. Different parties with different ideologies and manifestoes.
If Buhari isn't an advocat of continuity, he would have cancelled program like SUREP-GIS. Let us be constructive in our criticism of govt

nawebco:
what an interesting story! BUHARI KEEP IT UP

that's if you can assess the fund.. remember their terms and condition

Here is the full detail of how to apply =>http://naija4web.com/

Goodday have anyone applied for the loan here?