Friday, October 23, 2015

GRADUATE ENTREPRENEURSHIP FUND (GEF) CALL FOR ENTRIES [UPDATED]

The Graduate Entrepreneurship Fund (GEF) is a special N2 billion
empowerment programme for serving members of the National Youth Service Corps (NYSC) which was launched on October 5, 2015. This novel scheme, which is a joint initiative of the Bank of Industry (BOI) and the National Youth Service Corps (NYSC), has the following objectives:
  • Encourage graduates of tertiary institutions currently undergoing the compulsory one-year NYSC programme, to venture into business and become employers of labour rather than job seekers.
  • Address the entrepreneurship capacity gap of the NYSC members who are expected to produce bankable business plans after the three-day capacity building programme.
  • Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans ranging between N500,000 and N2 million to be provided by BOI.
  • Ensure sustainability of the businesses of the eventual loan beneficiaries through effective monitoring by the NYSC Directorate and BOI. 
www.scholarship-nigeria.com

The GEF Programme comprises the following:
 a. Online Business Plan Competition to select the most promising real sector business ideas. Selection/screening of participants shall be done via the GEF online application portal: www.boinigeria.com

b. Three days intensive entrepreneurship capacity building programme.

c. Loan amount of up to N2 million to be provided to each successful participant with bankable business plans within BOI's 35 SME clusters (list at BOI's website www.boi.ng), at an interest rate of 9% per annum, with tenors ranging from 3 - 5 years inclusive of 6 - 12 months moratorium period.

The Capacity Building Programme is scheduled to hold simultaneously at the following venues:



S/N
Geo-Political Zone/State
NYSC Camp Location
1
South-South
Former Martins TTC, Issele-Uku, Aniocha North L.G.A, Delta State
2
South-East
Umunna, Bende L.G.A, Abia State
3
South-West
Aisu College Hospital Road, Ede, Osun State
4
North-East
Government College, Jalingo, Taraba State
5
North-Central
Mangu, Plateau State
6
North-West
Mani Road, Katsina, Katsina State
7
Lagos
Iyana Ipaja, Agege, Lagos State


The Entrepreneurship Capacity Building Programme will take place at the above stated centres between 18th - 20th November, 2015.
Interested serving NYSC members are hereby requested to apply online immediately.

Application closes by midnight of 3rd November, 2015.

UPDATE (13th November 2015): The Bank of Industry has released the names of 1,000 applicants who are to proceed further in the selection process. Kindly check the Guardian Newspaper of Nov 13, 2015 for the full list of shortlisted applicants.

Management,
Bank of Industry

0700 CALL BOI
customercare@boinigeria.com


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7 comments:

  1. How can I apply for this loan?

    ReplyDelete
  2. Please how can I apply for this loan, no link for application.

    ReplyDelete
    Replies
    1. www.boinigeria/gef ....apply via the link

      Delete
  3. Hello, i am a part-time graduate with N.Y.S.C EXEMPTION Certificate. can i apply for the loan to jump start my business?

    ReplyDelete
    Replies
    1. There is no harm in trying. You can apply for this opportunity and follow up hopefully.

      Delete
  4. ABUNAH AYODEJI SAMUELNovember 2, 2015 at 3:22 PM

    GOOD DAY SIR/MA I FINISHED MY SERVICE OCTOBER 2011, PLEASE CAN I APPLY?

    ReplyDelete
  5. please i can not find the apply link....i need help

    ReplyDelete

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