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BOI Unveiled N2b Loan Scheme For NYSC Members

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BOI Unveiled N2b Loan Scheme For NYSC Members

BOI Unveiled N2b Loan Scheme For NYSC Members

BOI unveiled N2b loan scheme for NYSC members. According to the managing director, the loan is repayable over three years.

The Bank of Industry (BOI) has unveiled a two billion naira entrepreneurship programme designed to provide affordable loans to National Youth Service Corps (NYSC) members.

The BOI managing director, Olasupo Olusi, said this at the inauguration of the fund on Wednesday in Abuja.
Mr Olusi, who was represented by the executive director for micro, small and medium enterprises (MSME) at BOI, Shekarau Omar, said that it was part of efforts to tackle unemployment and promote youth-led enterprises.

He said that the initiative was tagged the “2bn BOI–NYSC Entrepreneurship Programme”.

He said that it would enable the beneficiaries to access up to five million naira each at a single-digit interest rate of nine per cent per annum.

According to the managing director, the loan is repayable over three years, with a three-month moratorium on both principal and interest.
He described the initiative as a practical step towards moving young Nigerians from job seekers to job creators.

“The partnership between BOI and NYSC builds on earlier collaborations like the Graduate Entrepreneurship Fund (GEF), which trained over 3,000 graduates, financed 609 businesses, and disbursed over one billion naira in loans.

“These numbers are not just statistics, they represent poultry farms, fashion houses, tech start-ups and creative studios brought to life.

“When young people receive targeted capacity building, affordable finance and mentoring, they repay, they employ, and they grow,” he said.

He commended the NYSC’s Skills Acquisition and Entrepreneurship Development (SAED) department for its role in training corps members to become self-reliant.
According to him, the new scheme will help to further strengthen the initiative’s impact.

“To our corps members, your service year is a launch pad, not a waiting room.
“Start small, plan well, and stay disciplined about cash flow and compliance.

“With creativity and determination, you can become the next generation of entrepreneurs shaping Nigeria’s future,” he said.

The BOI boss also appreciated the NYSC director-general, Brig.-Gen. Olakunle Nafiu, the director of SAED, and other officials of both institutions for their roles in designing and implementing the programme.

He said that the success of the initiative would be measured by the number of approvals granted, jobs created, and businesses that continue to thrive beyond the NYSC service year.

In his remarks, the NYSC director-general commended BOI for the funding support, urging the bank to expand the fund to five billion Naira to reach more corps members.

He recalled the longstanding partnership between BOI and NYSC, adding that the collaboration began in 2012 with the inauguration of the SAED programme, which laid the foundation for youth entrepreneurship and skill development.

“This event reaffirms our shared vision. We are not just building skills; we are building livelihoods for over 400,000 corps members who pass through the NYSC programme annually.

BOI Unveiled N2b Loan Scheme For NYSC Members

BOI Unveiled N2b Loan Scheme For NYSC Members

“The new loan scheme underscores BOI’s responsiveness to one of the biggest challenges in the youth entrepreneurship ecosystem, access to affordable financing.

“This is not just credit, it is confidence. Confidence that the ideas of young Nigerians are worth investing in. BOI’s commitment ensures that good ideas do not die because of a lack of capital.”

The NYSC boss expressed the commitment of the corps to put in place strong measures to ensure that the programme delivered its intended impact.

The initiative is expected to stimulate small business growth, strengthen youth empowerment, and deepen public-private partnerships in driving inclusive economic development.

Economy

ADC Is Nigeria’s Only Reliable Political Party, Others Brought Insecurity, Hunger, Says Atiku

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Terrorists Alternative Government Under Tinubu

ADC Is Nigeria’s Only Reliable Political Party, Others Brought Insecurity, Hunger, Says Atiku

ADC is Nigeria’s only reliable political party, others brought insecurity, hunger, says Atiku. Former Vice-President Atiku Abubukar says the African Democratic Congress (ADC) is the only reliable political party in the country, noting that others have brought insecurity, hunger, poverty and unemployment.
Speaking in Jalingo, the capital of Taraba state, during the official opening of the ADC state secretariat, Abubakar said the party is ready for a 2027 victory but urged Nigerians to unite to rescue the nation.

He also asked Taraba residents to take part in the ongoing continuous voter registration exercise, adding that their participation is crucial to reversing Nigeria’s worsening hardship.
“I am in Taraba to inaugurate our new party office of the ADC, and I want you to hold the party with integrity,” Channels Television quoted Atiku as saying.

“Do not allow anybody to deceive you with any other party, because we have tasted other political parties, and they brought nothing but insecurity, hunger, poverty and unemployment. “The youths and women should know that we are doing this for them to have a better future, and I am holding on to their promise. “ADC will win Taraba state and win Nigeria as the only reliable political party.”

ADC Is Nigeria’s Only Reliable Political Party

ADC Is Nigeria’s Only Reliable Political Party

 

Abubakar, who formally joined the ADC on Monday—17 months before the 2027 general election—said his experience across political platforms convinced him that the All Progressives Congress (APC), the Peoples Democratic Party (PDP) and other parties lack the capacity to rescue the country.

He resigned from the PDP on July 16, citing “irreconcilable differences” within the opposition party as his reason for leaving.

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Akwa Ibom

Akwa Ibom Governor Pledges Commitment To Tourism, Blue Economy Development

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Maritime Growth

Akwa Ibom Governor Pledges Commitment To Tourism, Blue Economy Development

Akwa Ibom governor pledges commitment to tourism, blue economy development… commends Editi Effiong for projecting State’s tourism potentials

As part of his effort to encourage tourism and enhance the State’s blue economy, Akwa Ibom State Governor, Pastor Umo Eno, has reiterated his administration’s commitment to encourage and reward young professionals who are willing to collaborate with his administration in promoting the positive image of the State through the ARISE Agenda.

The Governor made this known while fielding questions from Government House correspondents shortly after embarking on inspection of a locale of a movie, “The Black Book 2” (Old Scores), at Ishiet Beach/Market in Uruan Local Government Area.

He commended the movie Producer and Director, Mr. Editi Effiong, for his talent, vision, inspiration, and creative ability to project the tourism potentials and boost the economy of the State.

Governor Eno charged young Akwa Ibomites to shun divisive tendencies, be inspired, and emulate the creative effort of successful Akwa Ibom sons and daughters by joining hands to develop the tourism and blue economy of the State.

“The impression is amazing, seeing that we have one of our own trying to pull the world down here.

“I would love to thank and encourage him, and to let our young people see that Akwa Ibom has what it takes to drag the world’s attention.

“It depends on what you see. Someone can see this place and write one story about a swamp that has been abandoned and make all the noise. Another person sees this place and makes a great movie out of it that will market this place to the world and is able to attract the attention because of the work he has done here,” he said.

The State Chief Executive pledged his encouragement, support, and collaboration with Editi and other young Akwa Ibomites to enable them rise to the zenith of their calling.

“We are going to work with him. Editi is a young man I have known very well. This is one thing I say to our people in the diaspora, let’s partner. Come back home, whatever you see out there, bring it back here, and let’s work together.

“I think that is the story, and I am really impressed. If you know the number of people that have visited this State in the course of this film, the talents, and the caliber of artists that have been here, then this young man deserves an award and our support,” he added.

Maritime Growth

Ibom Deep SeaPort

On his part, the movie Producer and Director, Effiong, appreciated Governor Eno for his visionary leadership and passion for tourism development.

He expressed gratitude to the Governor for creating a hospitable and tourism friendly ecosystem to enhance talent exploration through the provision of good road network and quality modern facilities which distinguished the State as one of the most treasured locations in the country.

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Crime

EFCC Releases Ex-AGF Malami After Hours Of Interrogation

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EFCC Releases Ex-AGF Malami After Hours Of Interrogation

EFCC Releases Ex-AGF Malami After Hours Of Interrogation

EFCC releases ex-AGF Malami after hours of interrogation. He said he would return for further questioning.

The Economic and Financial Crimes Commission (EFCC) has released the former attorney general of the federation and minister of justice, Abubakar Malami, after hours of interrogation by the anti-graft team.

Mr Malami confirmed his release in his X account on Saturday. The former minister said that he had been released and scheduled for another meeting with investigators.
He said that the reality behind the “fabricated allegations” levelled against him would become clearer with time.

“In line with my undertaking to keep Nigerians updated on my invitation by EFCC, I give glory to Allah for his divine intervention. “The engagement was successful and I am eventually released while on an appointment for further engagement as the truth relating to the fabricated allegations against me continues to unfold.”

EFCC Releases Ex-AGF Malami After Hours Of Interrogation

EFCC Releases Ex-AGF Malami After Hours Of Interrogation

The EFCC had summoned Mr Malami through a letter dated November 24, and signed by Sunday Ofen-Imu on behalf of its chairman, Ola Olukoyede.

The EFCC did not disclose the specific allegations for which Mr Malami was invited.

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