CBN, commercial banks to grant soft loan to corps members

The National Youths Service Corps (NYSC), has concluded plans to partner the Central Bank of Nigeria (CBN) and other commercial banks to provide soft loans to corps members across the country.

The Sokoto State Coordinator of the scheme, Alhaji Musa Abubakar, disclosed this on Saturday at the NYSC cultural carnival and exhibition of wares produced by the corps members under the 2016, batch ”B” stream.

Abubakar said that the corps members had gone through two weeks training on various skills and acquisition that would continue throughout their service year.

He then disclosed that each of the beneficiaries may get between N3m and N10m to enable them establish their own small scale businesses. This he said, will help reduce unemployment, poverty and the post service trauma of searching for white collar jobs.