We really hope this doesn’t go down as another nepotistic hoax oh.
The graduate entrepeurship fund (GEF) is a special 2.5 bilion empowernment programme for serving members of the Nationa 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, has the following 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).
CAPACITY BUILDING PROGRAMME IS SCHEDULED TO HOLD SIMULTANEOUSLY IN THE FOLLOWING LOCATIONS
S/N GEO-POLITICAL ZONE/STATE NYSC CAMP LOCATION
1 South-South Former macfris TTC Issele-uku, Aniocha north L.G.A , Delta
2 South-East Umunna, Bende L.G.A , Abia state.
3 South-West Aisu College Hospital Road, Ede. Osun state
4 North- East Government College Jalingo
5 North-Central Mangu, Plateau state
6 North-West Mani Road, Katsina, Katsina state
7 Lagos Iyana Ipaja, Agege, Lagos state
The Entrepreneurship Capacity Building Programme will take place at the above stated centers between 18th-20th November, 2015. Interested serving NYSC members are hereby requested to apply online as soon as possible at www.boi.com.
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