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NYSC CORP MEMBERS TO RECEIVE 2 MILLION NAIRA LOAN- Apply For Bank of Industry loan (BOI) 2018/2019

Great opportunity for all Corp members. Perhaps, you have not been informed about this awesome opportunity or maybe you just didn’t understand when someone tries to explain it to you.

Info Padi Team will like to use this medium to inform all our readers (especially NYSC Corp Members) that the Bank of Industry (BOI) 2018/2019 Loan Form is out. You can hurry and get yours here now. The BOI programme is for graduates, it is a Graduate Entrepreneurship Fund 2018 programme for current serving members of the National Youth Service Corps (NYSC).

This fund scheme gives you loans of up to TWO MILLION NAIRA (2,000,000) with an interest rate of 0%. It is to support enterprises and potentially viable business ideas.

The Graduate Entrepreneurship Fund (GEF) programme is a special scheme to encourage and promote entrepreneurship among serving members of the National Youth Service Corps (NYSC).

The BOI programme for 2018/2019 is scheduled to hold simultaneously at the below listed venues-

Geo-Political Zone/State – NYSC Camp Location:

South-South: Former Martins TIC, Issele-Uku, Aniocha North L.G.A, Delta State.

South-East: Umunna, Bende L.G.A., Abia State.

South-West: Aisu College Hospital Road, Ede, Osun State.

North-East: Government College, Jalingo, Taraba State.

North-Central: Mangu, Mangu L.G.A, Plateau State.

North-West: Mani Road, Katsina, Katsina State.

Lagos: Iyana Ipaja, Agege, Lagos State.

How to Apply

There is no separate application required; all National Youth Service Corps (NYSC) members are automatically considered for the programme.

The application is strictly online. If you are interested in applying kindly visit www.boi.ng/gef/ and apply.

Online Business Plan Competition to select the most promising real sector business ideas, Selection/screening of participants shall be done via the Graduate Entrepreneurship Fund online application portal.

The programme is open to only serving Youth Corp members of 2017 Batches A & B to apply.

Loan amount of up to N2 million to be provided to each successful participant with bankable business plans within BOI’s 35 SME clusters (list at BOI’s website: www.boi.ng with an interest rate of 9% per annum, with tenors ranging from 3-5 years inclusive of 6 – 12 months moratorium period.

Deadline for Applying

7th of February, 2018

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