Post by Trade Coach on Aug 6, 2021 22:35:17 GMT 1
The Central Bank of Nigeria (CBN) About To Launch Tertiary Institutions’ Entrepreneurship Scheme in Nigeria
The Governor of The Central Bank of Nigeria (CBN), Dr. Godwin Emefiele, has announced that the apex bank is developing a Tertiary Institutions’ Entrepreneurship Scheme (TIES) in Nigeria.
He said “An estimated 600, 000 graduates from our tertiary institutions enter the labour market annually, after participating in the National Youth Service Corps (NYSC) programme, seeking the already thinned out white collar jobs.
This has contributed significantly to the rising youth unemployment across the country”.
The institution will train and finance entrepreneurship ideas of Nigerian university graduates. Good project, when operational the project will definitely help in bringing the entrepreneurship ideas of our young graduates to bear on our ailing economy.
This information was disclosed by the CBN Governor at a conference of Vice Chancellors of Nigerian Universities, held at the Kano State University of Science and Technology (KUST).
The CBN Governor who was represented by Dr. Adebowale Olabimtan-Idowu, CBN Deputy Director of Development Finance urged the need to re-orientate the youths from waiting for white collar jobs to entrepreneurship.
He said that the scheme would be developed to support the development of entrepreneurial culture, through the introduction of seamless access to affordable finance for graduates, and create employment opportunities for Nigerian youths.
The Governor added that “Micro, Small & Medium Enterprises (MSMEs) portend great opportunities for addressing these gaps and accelerating economic growth by leveraging our vibrant youth”.
“The scheme is designed to support the development of entrepreneurial mindsets and culture through the introduction of a platform that provides seamless access to affordable finance to graduates through innovative channels for participation.
“The proposed scheme will be targeted at graduates of tertiary institutions, including universities, polytechnics, monotechnics and colleges,” the CBN governor revealed.
You can also recall that in June 2019 that the Central Bank of Nigeria (CBN) promised to offer loans to the National Youth Service Corps (NYSC) members for a 7-year tenor. The loan was intended to be used in establishing small and medium scale enterprises.
This information was disclosed then by the Governor of the Central Bank, Godwin Emefiele, in his office while receiving the Director-General of NYSC, Brigadier General Shuaibu Ibrahim in Abuja.
The CBN Governor added that the loans would be disbursed to the corps members to provide the needed support for the rent of business offices or workshops and also for acquiring working tools.
“The Central Bank of Nigeria has expressed willingness to provide further opportunities of self-employment for corps members through its skill acquisition training. The CBN Governor explained that upon completion of the training, beneficiaries would get the cumulative value which represents a loan that would be repaid within seven years with a two-year moratorium.”
The CBN Governor further revealed that an entrepreneurial programme “Youth Entrepreneurship Development Program (YEDP)” was launched by the bank in 2016, and served as a propelling platform to the empowerment of youth corps members and other youths across the country for the purpose of wealth creation and self-employment.
Also you can apply for SME Clinic N100, 000 Small Business Grant Organized by Techpoint Africa: How to do it right here in Nigeria.
As a youth running a small business in this pandemic ridden world and especially in Nigeria, where it is very difficult for SMEs to raise funds and even get sound business education.
This is the more reason why you should attend the SME Clinic 2021, it is about how to sustain your business using technology, with training including bookkeeping and managing your online business.
According to the organizers, the official banking partner, First Bank of Nigeria Plc will give 5 SMEs N100,000 each after the programme.
Eligibility and How to apply:
Your business should be a micro or small business enterprise
Your business must be operating in Nigeria
You must attend SME Clinic 2021 physically.
Applications close on August 17, 2021.
Stay with us as we continue to bring to you programmes that will benefit SMEs in Nigeria and Africa in General.
The Governor of The Central Bank of Nigeria (CBN), Dr. Godwin Emefiele, has announced that the apex bank is developing a Tertiary Institutions’ Entrepreneurship Scheme (TIES) in Nigeria.
He said “An estimated 600, 000 graduates from our tertiary institutions enter the labour market annually, after participating in the National Youth Service Corps (NYSC) programme, seeking the already thinned out white collar jobs.
This has contributed significantly to the rising youth unemployment across the country”.
The institution will train and finance entrepreneurship ideas of Nigerian university graduates. Good project, when operational the project will definitely help in bringing the entrepreneurship ideas of our young graduates to bear on our ailing economy.
This information was disclosed by the CBN Governor at a conference of Vice Chancellors of Nigerian Universities, held at the Kano State University of Science and Technology (KUST).
The CBN Governor who was represented by Dr. Adebowale Olabimtan-Idowu, CBN Deputy Director of Development Finance urged the need to re-orientate the youths from waiting for white collar jobs to entrepreneurship.
He said that the scheme would be developed to support the development of entrepreneurial culture, through the introduction of seamless access to affordable finance for graduates, and create employment opportunities for Nigerian youths.
The Governor added that “Micro, Small & Medium Enterprises (MSMEs) portend great opportunities for addressing these gaps and accelerating economic growth by leveraging our vibrant youth”.
“The scheme is designed to support the development of entrepreneurial mindsets and culture through the introduction of a platform that provides seamless access to affordable finance to graduates through innovative channels for participation.
“The proposed scheme will be targeted at graduates of tertiary institutions, including universities, polytechnics, monotechnics and colleges,” the CBN governor revealed.
You can also recall that in June 2019 that the Central Bank of Nigeria (CBN) promised to offer loans to the National Youth Service Corps (NYSC) members for a 7-year tenor. The loan was intended to be used in establishing small and medium scale enterprises.
This information was disclosed then by the Governor of the Central Bank, Godwin Emefiele, in his office while receiving the Director-General of NYSC, Brigadier General Shuaibu Ibrahim in Abuja.
The CBN Governor added that the loans would be disbursed to the corps members to provide the needed support for the rent of business offices or workshops and also for acquiring working tools.
“The Central Bank of Nigeria has expressed willingness to provide further opportunities of self-employment for corps members through its skill acquisition training. The CBN Governor explained that upon completion of the training, beneficiaries would get the cumulative value which represents a loan that would be repaid within seven years with a two-year moratorium.”
The CBN Governor further revealed that an entrepreneurial programme “Youth Entrepreneurship Development Program (YEDP)” was launched by the bank in 2016, and served as a propelling platform to the empowerment of youth corps members and other youths across the country for the purpose of wealth creation and self-employment.
Also you can apply for SME Clinic N100, 000 Small Business Grant Organized by Techpoint Africa: How to do it right here in Nigeria.
As a youth running a small business in this pandemic ridden world and especially in Nigeria, where it is very difficult for SMEs to raise funds and even get sound business education.
This is the more reason why you should attend the SME Clinic 2021, it is about how to sustain your business using technology, with training including bookkeeping and managing your online business.
According to the organizers, the official banking partner, First Bank of Nigeria Plc will give 5 SMEs N100,000 each after the programme.
Eligibility and How to apply:
Your business should be a micro or small business enterprise
Your business must be operating in Nigeria
You must attend SME Clinic 2021 physically.
Applications close on August 17, 2021.
Stay with us as we continue to bring to you programmes that will benefit SMEs in Nigeria and Africa in General.