Bank of Industry Confirm disbursement Of N426.7 Million to 253 members National Youth Service Corps Under Its Graduate Entrepreneurship Fund

Finally the Bank of Industry (BoI), have confirm it has disbursed N426.7 million to 253 members National Youth Service Corps under its Graduate Entrepreneurship Fund (GEF) programme.
The confirmation is contained in the bank’s statement given to media houses in Lagos on Wednesday.

The statement quoted Mr Waheed Olagunju, Acting Managing Director, BoI, as urging the beneficiaries to utilise the opportunity to lift themselves and other youths out of poverty.
Olagunju gave the advice during the presentation of cheques to beneficiaries of the programme.
He urged the corps members to be good ambassadors of NYSC and BOI.

Olagunju said the programme, which was launched on Oct. 5, 2015, was done in collaboration with the Directorate, National Youth Service Corps (NYSC).

The board said at the end of the programme, 360 candidates submitted loan application worth N695.1 million spanning across 27 out of the 40 product clusters identified by BOI.

The areas were mainly agro-processing; comprising meat processing (cattle and poultry), aquaculture and food processing), quick service restaurants, fashion design, shoe making and cosmetics.

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