NYSC announces N100million interest-free loans for corpers

National Youths Service Corps (NYSC) Coordinator in Sokoto state, Musa Abubakar, has disclosed that corp members are to get N100million interest-free loans.
He said this is under the Skills Acquisition and Entrepreneurship Development unit of the scheme.

Abubakar spoke on this Friday at the NYSC Cultural Carnival organized to boost peace, unity and integration of the nation.
The official noted that the loans are to be disbursed to the corps members by NYSC, Central Bank of Nigeria, Bank of Agriculture, Bank of Industry, Heritage Bank, and the NYSC Foundation.

He said the NYSC management had also signed a Memorandum of Understanding with the Sustainable Development Goals (SDGs) in that direction.

The Coordinator explained that each of the benefiting corps members would get up to N3million.

Abubakar said the gesture would reduce poverty, unemployment as well as help corps members establish small-scale enterprises and become employers of labour.