Apply For Graduate Entrepreneurship Fund (GEF) for NYSC Members Worth N2m

Apply For Graduate Entrepreneurship Fund (GEF) for NYSC Members Worth N2m

The graduate entrepeurship fund (GEF) invites applications from serving corps members for its grants. This a special N2.5 bilion empowernment programme for serving members of the National Youth Service Corps (NYSC) which was launched on October 5, 2015. This novel scheme is a joint initiative of the Bank Of Industry and National Youth Service Corps.

Grant objectives

To encourage graduate especially serving Corp members to embrace entrepreneurship and become job creators rather than job seekers.
To help address the entrepreueship capacity gap of serving Corp members who are expected to produce bankable business plans after the 3 day caacity building programme.
Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans for loans between 500,000 and 2 million naira to be provided by the bank of industry.
Ensure the sustainability of the businesses of eventual loan beneficiaries through efective monitoring by NYSC and BOI.

THE GEF PROGRAMME WILL COMPRISE THE FOLLOWING:
Online business plan competition to select the most promising real sector business ideas. Selection/Screening of participants shall be done via the GEF online application portal: www.boinigeria.com
Three days intensive entrepreneurship capacity building programme.
Loan amount of up to 2 million naira to be provided for each successful participant with bankable business plans within BOI’s 35 SME clusters at an interest rate of 9% per annum, with tenure ranging from 3-5 years inclusive of 6-12 months moratorium period (see list of clusters on www.boi.com.ng).
Location

CAPACITY BUILDING PROGRAMME IS SCHEDULED TO HOLD SIMULTANEOUSLY IN THE FOLLOWING LOCATIONS

S/N GEO-POLITICAL ZONE/STATE NYSC CAMP LOCATION

South-South Former macfris TTC 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
North-Central Mangu, Plateau state
North-West Mani Road, Katsina, Katsina state
Lagos Iyana Ipaja, Agege, Lagos state
How to Apply

Interested serving NYSC members are hereby requested to apply online as soon as possible at www.boi.com

Deadline: The Entrepreneurship Capacity Building Programme will take place at the above stated centers between 18th-20th November, 2015
Click here for more details and to apply

http://www.boi.com/