In a ceremony which took place in Abuja on Thursday, CBN in
collaboration with Heritage Bank and NYSC scheme disbursed the funds worth N3
million to the young entrepreneurs.
In his welcome address, the CBN Governor, Mr Godwin Emefiele,
represented by the Deputy Governor (Corporate Services), Alhaji Sulieman Barau,
said that the programme was to ensure that the creative energies of the over 64
million Nigerian youths are utilized to
enhance growth and promote economic
development.
According to him, the programme was open to 18 to 35 years-old
serving corps members, graduates or artisans. The Managing Director of the
bank, Mr Ifie Sekibo, urged the CBN to expand the programme to accommodate more
qualified youth entrepreneurs.
NYSC Director-General, Brig. Gen. Sulaiman Kazaure, commended the CBN for supporting efforts to empower the
youths, adding that the launch of the YEDP would, among other things, create
room for increasing the number of beneficiaries of the entrepreneurship
training and venture prize competition to make a meaningful impact.
Kazaure, however, urged the beneficiaries of the programme to
remain focused and ensure that the loans are paid back to enable corps members
to benefit from the loan facility.
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