The Bank of Industry (BoI) has commenced the third batch of its Graduate Entrepreneurship Fund (GEF) programme, targeted at serving members of National Youth Service Corps (NYSC) only. To this end, the bank has opened a portal, www.boi.ng/gef, for NYSC members to apply for the fund. The portal which will open for three weeks closes on 7th February 2018.
The GEF programme encourages business idea competition among entrepreneurial youths. BoI stated: “Only top 1000 candidates will be selected to participate in a four day training to be held in 7 centres across all geopolitical zones of Nigeria. “After the training, candidates will be required to develop a more detailed business plan in line with the lessons learnt at the training and their business plan will be evaluated for funding in line with the GEF product program.” The GEF scheme is the BoI’s first youth programme which was launched in October, 2015 and is implemented by the bank in partnership with the NYSC Directorate. The initiative is specifically targeted at youths undergoing the mandatory one year national service programme. The aim is to change the job-seeking mindset of Nigerian youths to entrepreneurship and self-reliance by encouraging them to develop skills for self-employment and to contribute to the accelerated growth of the national economy.
Again, visit www.boi.ng/gef to apply.
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