Apex bank launches entrepreneurial scheme for corps members, fresh graduates
Godwin Emefiele, CBN Governor on Tuesday, March 15, 2016 launched the Youth Initiative Entrepreneurship Development Programme for corps members.
Emefiele stated that the scheme was aimed at creating and developing about 10,000 fresh graduates and Corps members on business ideas and give a N3 million-naira start-up loan to those with distinct ideas.
The Central Bank of Nigeria and Heritage Bank are in charge of implementing the scheme.
The governor said the corps members would be required to deposit their NYSC discharge certificates as collateral and the loan issued will be at a single digit interest rate.
The scheme will create about one million direct jobs in the next four years.
JOIN OUR PULSE COMMUNITY!
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Tech industry gets green push as NGO unveils eco-friendly initiative
Senate creates committee to investigate Abuja Centenary City project delay
NNPC assures over 30-day fuel supply, urges motorists against panic buying
Presidency gives fresh update on Tinubu's return date from foreign trip
Adeleke laments poor infrastructure, promises to revive Ile-Ife's legacy
Mutfwang inaugurates 15 luxury metro buses, aims to create 500-1,000 jobs
Binance CEO accuses Nigerian officials of demanding secret crypto bribe
KEDCO partners iRecharge to streamline bill payments, prevent revenue leaks
Again, court stalls Ibeto's jurisdiction bid in ₦4.8bn alleged fraud case
Pulse Sports
Chelsea set to offer Romelu Lukaku and cash for Super Eagles star Victor Osimhen
Mikel Obi: Super Eagles legend goes viral speaking Hausa