APPLY NOW! Bank Of Industry (BOI) Graduate Entrepreneurship Fund (GEF) For NYSC Members

The Bank of Industry (BOI) Graduate Entrepreneurship Fund has already created thriving businesses owned by young people.

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 GEF 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 o 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.

Application Closing Date: 7th November, 2016.

The GEF scheme comprises the following:

  • 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.
  • Four days intensive entrepreneurship capacity building programme.
  • 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:

Geo-Political Zone/State – NYSC Camp Location:

South-South: Former Martins TIC, Issele-Uku, Aniocha North L.G.A, Delta State.

South-South: Ikot Itie Udung, Nsit Atai L.G.A, Akwa Ibom.

South-East: MacGregor College, Afikpo L.G.A, Ebonyi State.

South-West: Aisu College Hospital Road, Ede, Osun State.

North-East: Government College, Jalingo, Taraba State.

North-Central: Mangu, Mangu L.G.A, Plateau State.

North-West: Main Road, Katsina, Katsina State.

Lagos: Iyana Ipaja, Agege, Lagos State.

Abuja: Kubwa, Bwari Area Council, F.C.T.


Please Note: Only serving Youth Corp members in 2016 Batch A stream 1 & 2 are eligible to apply.


How to Apply
Interested and qualified candidates should follow this link: Bank of Industry Registration Form.





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