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Bank of Industry launches YOUTH EMPOWERMENT SUPPORT (YES) PROGRAMME

Bank of Industry has launched its YOUTH EMPOWERMENT SUPPORT (YES) PROGRAMME designed for youths between ages 18 and 35 years. A total of 1200 participants will benefit via  loan of maximum of N5m each under relatively favourable terms. Some of the details are:

Programme Objectives
The YES Programme has the following broad objectives:
To create an interactive learning platform to train young aspiring entrepreneurs in entrepreneurship  and business management that will ultimately translate into improved efficiency and productivity.To kindle the entrepreneurial spirit of the youths.To act as an incubation center where business ideas are nurtured to their full potential as well as entrenching global best practices by inculcating a culture of innovation-driven entrepreneurship and ethics in the programme participants.Promotion of self-employment among graduates of institutions of higher learning, thereby changing their job-seeking mindset.To deepen financial inclusion by de-risking the young aspiring entrepreneurs and making them eligible for small business loans to be provided by BOI.

Components of the YES Programme
The YES Programme comprises the following:
Eight (8) weeks intensive online Entrepreneurship and Business Management training which has the ability to test participants’ understanding and track their progress.
Five (5) days in-class Entrepreneurship and Business Management trainingTechnical skills training in partnership with the various technical training and vocational institutes in the country.
Financing the businesses by BOI under its SME Cluster initiative in consonance with the United Nations Economic Commission for Africa’s Commodity-based Industrialisation Strategy.

Who Can Apply?
To be eligible for the fund, you must satisfy the following criteria:
The applicant must be a Nigerian.
Must have a viable business idea within the 40 identified clusters that is operated, or will operate in Nigeria.
Must be within the age limits of 18 and 35. (proof of identity: International passport/Drivers License/National ID/Voters card required).
Must possess a minimum educational qualification of Ordinary National Diploma (OND).
Applicant must be able to carry out the application process online.

Futher details
Please visit http://www.boi.ng/ for further details.
I wish to request ALL to convey this information to our members and encourage those qualified to embrace it.
Also watch out for what Heritage Bank just rolled our for Professionals in the same age bracket.
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