Nigeria, Oct. 9 -- The Bank of Industry (BOI) has launched a N2 billion entrepreneurship initiative aimed at enabling National Youth Service Corps (NYSC) members to start and grow their companies.

The project seeks to reduce joblessness, foster creativity, and motivate the next generation of youth-driven businesses all across Nigeria.



Corps members will be able to borrow up to N5 million each at a single-digit interest rate of 9% per annum under the newly launched BOI-NYSC Entrepreneurship Programme. With a flexible payment plan spread over three years, beneficiaries will also have a three-month grace period before payback starts.



BOI's Managing Director, Dr. Olasupo Olusi, was represented by the Executive Director for Micro, Sma...