The Bank of Industry (BOI) has launched a N2 billion entrepreneurship programme to provide affordable loans to members of the National Youth Service Corps (NYSC), in a push to tackle unemployment through job creation and promote youth-led enterprises across Nigeria.
The programme allows eligible corps members to access up to N5 million each at a single-digit interest rate of 9 per cent per annum, repayable over three years, with a three-month moratorium on both principal and interest payments.