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Corps Members on Parade Ground |
The National Youth Service Corps, NYSC has signed a Memorandum of Understanding, MoU with Bank of Industry, BoI on entrepreneurial skill development for Nigerian graduate youths just as a Corps member got N3.8m collateral-free loan. The bank, in collaboration with the NYSC, is to train and empower Corps members in various entrepreneurial skills and give them collateral-free loan as capital and expansion of business initiatives.
Ms. Eveyln Oputu, Managing Director, BoI, while signing the MoU with the Director General of NYSC, Brigadier General Johnson Olawunmi in Abuja said there is no doubt that Nigerian youths are talented and deserve every support.
It is her believe that the acquisition of skills and the loan to help the youths start up their own businesses would reduce the desire for white-collar jobs and build them to be self-reliant and also employers of labour.
Oputu said that the Skill Acquisition & Entrepreneurship Development, SAED, idea was born out of the unemployment challenges youth Corps members face after the completion of their youth service programme. Oputu said that the partnership will cut across various disciplines such as learning an entrepreneurial trade skill, sport as well as engineering skills for those who are not good in trading skill, among other disciplines.
Her words, “We will train them [corps members] in skill acquisition. We know that not everybody has the ability to learn entrepreneurial skills. Some have the skills to do business, some are good in engineering and they can transform the rural areas in our country because they can help to transform the roads, also those in sports who can train children in sports. Bank of Industry is trying to collaborate with people to start a football and basketball academy.”
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