Speaking during an event at the NYSC camp in Abuja on Thursday, the governor of Central Bank of Nigeria (CBN) Godwin Emefiele, has revealed that the apex bank has set aside N2.5 billion for members of the National Youth Service Corps (NYSC) with good business ideas to actualise their dreams.
The CBN governor said that the N2.5 billion, which was set from the N220 billion Micro, Small and Medium Enterprises Development Fund, would be disbursed to the corps members under the Youth Entrepreneurship Development Programme.
He disclosed firther that the CBN is targeting to create one million jobs through the YEDP, which is an initiative of the apex bank launched on March 15 this year by the CBN governor, Godwin Emefiele which the purpose of the programme is to address the challenges of youth unemployment in the country.
Under the YEDP, the apex bank, in collaboration with Heritage Bank Plc, will develop the entrepreneurial capacity of the youth as well as provide each of them with a maximum of N3m to operate a business.
The activities to be covered under the programme are start-ups and expansion projects in the agricultural value chain (fish farming, poultry and snail farming), cottage industry, mining, solid minerals, tourism, arts and crafts, Information and Communications Technology and any other activity that may be determined by the CBN.
Emefiele said the initiative would enable the CBN to conserve the huge foreign exchange, which was currently being spent to import food items, adding that each corps member was entitled to N3 million, and that their discharge certificates as well their degree certificates would be used as collateral to secure the loan.
“It is not a grant and it is a loan that must be repaid. We are determined to give support to the youth and I truly must thank the National Youth Service Corps, which has helped us to put together the first set of NYSC beneficiaries so that we can nurture them as young entrepreneurs, not as people who go into the world looking for jobs.

“We want to nurture them as

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http://amebosquare.com/news/nysc-corps-member-get-n3m-cbn-unveils-n2-5bn-entrepreneurship-assistance/

Have come across this YEDP/HERITAGE BANK link that Corp members and non members will be able to access 3m or more... but this link as at then was accessible but couldn't further after getting into the site... I hope we 've not been deceived cos it gonna be a very good start for beneficiaries and the country at large

AND how do we go about it?.. ... that's actually where am going, before writing all d epistle above

Until it's implemented, I will not say a word cos government been making unfilled promises since 1960AD...

Misleading headline. How can 2.5 billion be shared by ALL Nysc members and each will get 3 million.

Ehn..OP? You too, use your brain na

For government to 've said #2. 5b will be shared and every corper 'll get 3m each, they know it's not posible for all Corp members to apply... but if truly this 2. 5 is available... let's see them start giving it out first



Waiting patiently

CACAWA:
Misleading headline. How can 2.5 billion be shared by ALL Nysc members and each will get 3 million.

Ehn..OP? You too, use your brain na

Are u sure u aren't the one who needs to you his brain? Cause that would mean, only the selected ones will get the 3M loan. Besides to the asker of whether this is real or not. It is real. 25 names/corpers got shortlisted from enugu. Infact they have wrapped up their 3day[s] training workshop.

chimajii:



Are u sure u aren't the one who needs to you his brain? Cause that would mean, only the selected ones will get the 3M loan. Besides to the asker of whether this is real or not. It is real. 25 names/corpers got shortlisted from enugu. Infact they have wrapped up their 3day[s] training workshop.

and where in ur dumb view did the article mention that a number of selected Corp members.

Mumu.

They said Corps Members to get 3 million and you are here forming wise.

CACAWA:
and where in ur dumb view did the article mention that a number of selected Corp members.

Mumu.

They said Corps Members to get 3 million and you are here forming wise.

.
Clearly reading and comprehension aren't ur strongest suits, oh wise one, There is no place in the article that stated "ALL. Corps members". I wud think u went tru the 4 walls of university, but clearly u didn't. Since when did anything loan become for everybody? Dumb skull, f.uck outta here.

“...has revealed that the apex bank has set aside N2.5 billion for members of the National Youth Service Corps (NYSC) with good business ideas to actualise their dreams.
The CBN governor said that the N2.5 billion, which was set from the N220 billion Micro, Small and Medium Enterprises Development Fund, would be disbursed to the corps members under the Youth Entrepreneurship Development Programme....”
.
.

Story get as e be

chimajii:


.
Clearly reading and comprehension aren't ur strongest suits, oh wise one, There is no place in the article that stated "ALL. Corps members". I wud think u went tru the 4 walls of university, but clearly u didn't. Since when did anything loan become for everybody? Dumb skull, f.uck outta here.

lol...and in your mind, they must write ALL before it means ALL. okay let's assume your dumb view is correct. So what will you say if Buhari says "Nigerians will have cause to smile by 2019"

in your dumb mind, it doesnt mean ALL Nigerians because he didnt say AlLL Nigerians..

lol...brainless. That's what you are. N20 condom would have saved us all these argument...if only your dad wasn't broke enough. waste of space

CACAWA:
lol...and in your mind, they must write ALL before it means ALL. okay let's assume your dumb view is correct. So what will you say if Buhari says "Nigerians will have cause to smile by 2019"

in your dumb mind, it doesnt mean ALL Nigerians because he didnt say AlLL Nigerians..

lol...brainless. That's what you are. N20 condom would have saved us all these argument...if only your dad wasn't broke enough. waste of space

Keep showing how stoopid ur father is. The point in that article is the use of "The"...in the artcle, it says "The corps members"...fool...Mumu...go seek refund from ur english teacher. Waste ok skin.. That's a definite article. Dumb f.uck. Save us the stress and jump off a damn cliff, that would be one less of a thwart the world wud have to deal with.

chimajii:



Keep showing how stoopid ur father is. The point in that article is the use of "The"...in the artcle, it says "The corps members"...fool...Mumu...go seek refund from ur english teacher. Waste ok skin.. That's a definite article. Dumb f.uck. Save us the stress and jump off a damn cliff, that would be one less of a thwart the world wud have to deal with.

hihihihihi...frustration na bastard oo...bros...Eeyah...

Hahahahaha

CACAWA:
hihihihihi...frustration na bastard oo...bros...Eeyah...

Hahahahaha

Clinging on broken straws? LOL am only stating FACTS. Come harder!

Can someone just tell us how to benefit from this billion.... leave triple H and shaun Michael to continue fighting