Ernest Victor with Agency Report
The National Youth Service Corps (NYSC) is seeking partnership with the Central Bank of Nigeria (CBN) and commercial banks, to provide soft loans to corps members across the country.
This, the scheme believes, would significantly assist corps members in meeting their development objectives in their host communities.
The Sokoto state coordinator of the scheme, Musa Abubakar, made this known on Saturday, during the NYSC cultural carnival and exhibition of wares by 2016 Batch B Stream 2 corps members at the orientation camp in Wamakko.
According to the coordinator, other collaborating banks are the Bank of Industry, Bank of Agriculture and Heritage Bank.
Abubakar said the serving youths had gone through two weeks training on various skills, saying the training would continue throughout their service year.
He added that, ”Each of the beneficiaries may get between N3m and N10m to enable them establish their own small scale businesses.
Abubakar said the loans would be advanced to the corps members through the scheme’s Skills Acquisition and Entrepreneurship Development Department of the scheme.