NYSC members to share N200m loan for business startups


Yesterday, the National Youth Service Corps (NYSC) said it has secured over N200m bank facility for disbursement to corps members as loans to enable them start their businesses.mThe DG of NYSC, Brig.-Gen. Johnson Olawumi, said: “We have
the NYSC foundation as we speak, and it has just approved a loan worth N10m for corps members. Corps members based on the business plan they submit could get as much as N250k and N400k.

We have also signed an MoU with Bank of Industry though it is yet to take off but we are working on it. A couple of months ago, I also approached Heritage Bank and they are setting aside the sum of N200m under a package where corps members will get a soft loan and the only collateral they will have to drop will be their discharge certificate.

We are also talking with CBN Governor to see that a micro credit loan could be arranged specially to address corps members in this category.”….. d fear now is dt some of them night take d loan just to do wedding…..

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