The Bank of Industry (BOI) has launched a N2 billion entrepreneurship programme aimed at providing affordable loans to members of the National Youth Service Corps (NYSC) as part of broader efforts to tackle youth unemployment and promote small business growth.
The initiative, titled the “N2bn BOI–NYSC Entrepreneurship Programme,” was unveiled on Wednesday in Abuja.
Speaking at the event, BOI Managing Director, Dr. Olasupo Olusi, represented by the bank’s Executive Director for Micro, Small and Medium Enterprises (MSME), Mr. Shekarau Omar, said the fund was designed to support corps members with access to credit of up to N5 million each at a single-digit interest rate of 9% per annum.