NYSC secures N200m bank facility as loans for corps members with business ideas

The Director general of the National Youth Service Corp NYSC, Brig -Gen. Johnson Olawumi today announced that the scheme had secured a N200 million bank facility for disbursement to corps members as loans to enable them start any business of their choice. The DG said this while receiving the Commander, Guards Brigade, Nigerian Army, Brig.-Gen. Musa Yusuf who paid him a courtesy call at the NYSC headquarters in Abuja

"We prepare these corps members in the camp, after the camp we have accomplices everywhere throughout the nation where corps members likewise get prepared all through the administration year. Presently, the issue is that when they get this training they don't have start-up capital yet we have been doing a great deal to see there is open door for them to get startup capital. We have the NYSC establishment at this very moment, the NYSC establishment has quite recently affirmed credit worth N10 million for corps individuals. Corps individuals in light of the strategy for success they submit could get as much as N250, 000 and N400, 000. We have likewise marked a MoU with Bank of Industry however it is yet to take off yet we are chipping away at it. A few months prior, I additionally drew nearer Heritage Bank and Heritage Bank is putting aside the whole of N200 million under a bundle where corps individuals will get a delicate advance and the main security they will need to drop will be their release endorsement. We are additionally conversing with Central Bank Governor to see that a miniaturized scale credit advance could be orchestrated uniquely to address corps individuals in this class."