According to reports, 150 National Youth Service Corps members are being trained by the Bank of Industry (BoI)under its N2bn Graduate Entrepreneurship Fund (GEF) scheme, in Katsina.
The corps members, taken from six states, were selected from the North-west zone and are among the 1,000 successful applicants nationwide.
Mr. Rasheed Olaoluwa, managing director of BoI, disclosed that the initiative is aimed at empowering Nigerian youths. He said that the the government alone and the private sector cannot solve the issue of unemployment in the country.
He also noted that the training programme was organised for the beneficiaries of the GEF scheme, to give them first-hand drilling on how to successfully run a profitable business.
He stated that while the training would help those who already have business plan but could not translate it to bankable project, the bank’s business development experts would help to fine-tune those who were already in business.
“Although the youth corp members are the direct beneficiaries of the GEF initiative, the entire nation will benefit from it. This is because when the youth are developed, the whole of the environment is transformed,” he said.
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