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Bank of Industry Launches N10billion Youth Entrepreneurship Support (YES) Project

NAN

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BOI LOGOThe Bank of Industry (BoI) on Thursday formally launched a N10 billion Youths Entrepreneurship Support (YES) project to empower youths with loans to start businesses.

Speaking at the launch of the project in Abuja, the Minister for Industry, Trade and Investment, Dr Okechukwu Enelamah, said that his ministry would partner all agencies of government to create new jobs.

He said that more than 40 per cent of Nigerian graduates had no jobs and that an average of eight million Nigerians enters the job market annually.

The minister said that the ‘YES’ project of BoI was part of the Federal Government’s youths employment scheme, stressing that about 36,000 jobs would be created annually through ‘YES’.

He appealed to prospective beneficiaries to repay the loans for the success and sustenance of the project.

Waheed Olagunju, the acting Managing Director of BoI, said that a participant under the scheme could access up to N10 million loan with single digit interest rate and repayable over three to five years. He said that an applicant must present NYSC or higher education certificate as collateral to qualify for the loan with two external guarantors.

Olagunju also said that the bank was partnering 11 consultants across the country for the first phase of the project.

Afolabi Imokhuede, a Special Assistant to the Vice President, said that job creation was at the heart of the current administration. He said that government intended to create 3.5 million jobs in the next three years, adding that the ‘YES’ project was one of the programmes.

Imokhuede advised participants to take the ‘YES’ seriously as online courses were now popular means of job creation world wide.

Nasir El-Rufai, the Governor of Kaduna State, said that the state was partnering with BoI on job creation. He also stated that the state had been able to take controlling shares in Peugeot Automobile Nigeria with the assistance of BoI.

The News Agency of Nigeria (NAN) was established by the Federal Government of Nigeria in May 1976 to gather and distribute news on Nigeria and cover events of interest to Nigeria at the international level for the benefit of the Nigerian Media and the Public.

91 Comments

  1. AA

    March 19, 2016 at 9:07 am

    Great!
    How do we apply or access to getting the fund ?especially for someone that has a niche in agriculture and capital is the issue considering the major challenge of buying a land,putting up structure etc
    Thanks

    • BITRUS JONAH BUBA

      May 1, 2016 at 12:55 am

      how can i apply or be the beneficiary of load(enteprenoueship programme)

  2. Tosin

    March 19, 2016 at 9:43 am

    so far, YouWIN > YES
    you/we can do better.

  3. Babajide

    March 19, 2016 at 5:20 pm

    I hope the loan will get to the hands of genuine job creators not to politicians and their cronnies who will stagnate the process.God help Nigeria o!

  4. Mutbel

    March 19, 2016 at 8:21 pm

    This is a good project to all Nigerian youths. But how can one apply for it. I am very interested

  5. R'n'B

    March 20, 2016 at 7:41 pm

    That nice!
    How do we apply or access to getting the fund ?

  6. Tosin Oyedepo

    March 21, 2016 at 12:47 am

    How do I access the loan what are the criteria

  7. Toffan Amewuga

    March 21, 2016 at 12:19 pm

    This is a wellcome developmet,let the loan geos to those in need of it..how can one aply? Am very much intrested.

  8. Paul Ilenjiokei

    March 21, 2016 at 12:48 pm

    I’m interested in this loan. How can one access it? What are the procedures? Where do I apply for it? Please, feed me back.

  9. peterside daniel

    March 21, 2016 at 1:33 pm

    Am in port harcourt Rivers State, please how can I apply for loan sir and I am very much qualify for the load

  10. peterside daniel

    March 21, 2016 at 1:38 pm

    Am in port harcourt rivers state, please sir how can I apply for the loan. Am very much qualify and ready for the loan.

  11. peterside daniel

    March 21, 2016 at 1:57 pm

    Please sir help me with BIO office address in port harcourt.

  12. Michael Eberendu

    March 21, 2016 at 2:41 pm

    How can i as a youth in Rivers State access this loan?

  13. Haruna

    March 21, 2016 at 3:26 pm

    good!

  14. LUYI IGBEKELE

    March 21, 2016 at 8:06 pm

    i have a project on the production of palm oil.

  15. UCHE UWA

    March 21, 2016 at 8:39 pm

    Dear sir/Madam,
    Thanks for this great development. How do apply for the loan?.
    Uche. from Abia State.

  16. UCHE UWA

    March 21, 2016 at 8:40 pm

    Dear sir/Madam,
    Thanks for this great development. How do apply I for the loan?.
    Uche. from Abia State.

  17. UCHE UWA

    March 21, 2016 at 8:41 pm

    Dear sir/Madam,
    Thanks for this great development. How do I apply for the loan?.
    Uche. from Abia State.

  18. Tunde ajagbe

    March 21, 2016 at 8:49 pm

    Good job….all I pray for is 4 it to get to the right source..

  19. wiri Thankgod

    March 21, 2016 at 9:15 pm

    the website should be displayed with its procedure. thanks

  20. Momoh rabiu

    March 22, 2016 at 8:14 am

    eligibility criteria are not stated, can i get this to work with.

  21. audu suleiman

    March 22, 2016 at 4:53 pm

    Great job, how do I apply for this loan. Suleiman from Kano State.

  22. Abdullahi idris

    March 23, 2016 at 5:56 pm

    Dear sir/madam
    Thanks to God,this an oppurtunity to naija youth and good development.how do i apply for this loan. Abdullahi idris from kaduna.

  23. Ndem Solomon

    March 23, 2016 at 11:25 pm

    so far we thank former president Jonathan who gave youwin not in the form of loan no collateral but based on concept and good idea. i expected more from this administration .

    • Baby gurl

      March 26, 2016 at 5:06 pm

      This is not a loan either. Grants and scholarships. Read the whole thing.

  24. Olokor Akpuzo Eganase

    March 24, 2016 at 1:31 pm

    This is a wonderful project. A more coordinated program than youwin. My interest rest fully in this project. What are the guidelines ? Please I need a correct and best information to be able to forward my application.

  25. Alao Afolabi J

    March 25, 2016 at 10:51 am

    I don’t have an NYSC certificate but an exemption letter because I went for a part-time course, but have the other criteria, am I still eligible to access the loan?

  26. David O Uduma

    March 28, 2016 at 8:42 pm

    This is a Miracle waiting to happen

  27. funmilayo abara

    April 4, 2016 at 2:05 pm

    Am a graduate and I have all d required document so.how do i access the loan Funmilayo.fro.Abia state

  28. JERRY

    April 8, 2016 at 5:58 pm

    PLS,I AM SMALL SCALE BUSINESS OWNER WHO NEEDS SUCH LOAN TO GET TO THE LEVEL OF EMPLOYER OF LABOUR,I’M INTERESTED. I NEED THE WEBSITE PLSSSS…….

  29. Ayo, Ado

    April 12, 2016 at 4:05 pm

    I want to apply but no link, how do i go about it pls

  30. Oyebade Taiwo

    April 13, 2016 at 10:03 pm

    I am interested on this loan,because I am into cassava farming,I need more capital to boost my production.Taiwo Oyebade from Oyo State.

  31. oparaeke Amarachi

    April 16, 2016 at 4:57 pm

    please sir I m interested in this loan how do I apply

  32. oparaeke Amarachi

    April 16, 2016 at 5:02 pm

    please sir I am interested in this loan because I have a business plan on flour production but I don’t have enough capital to start it

  33. oparaeke Amarachi Grace

    April 16, 2016 at 5:12 pm

    please sir I m interested in this loan because I have a business plan (flour production) but there is no capital to carry it out

    • Luper Gbe

      September 9, 2016 at 5:52 pm

      It is indeed a great opportunity for youth like me to invest a business ideal, seriously i need directive on how to apply.

  34. Glory Egwunye

    April 17, 2016 at 5:36 pm

    This is a splendid project for Nigerian youth, can one with Ordinary National Diploma (OND) apply? but has a good job creating, food and drinks production business already on, but can expand if funds are available to meet up with consumer needs as well as create jobs in different part of the country. await your response sir. Glory EGWUNYE in Lagos state.

  35. Gentle Frank

    April 19, 2016 at 7:13 am

    Is this program only for graduates? What about the non-graduate who have genuine plans and skills to start a trade? What’s their fate?

  36. oluwole Biola Davies

    April 22, 2016 at 3:50 pm

    How do I register for the program.?

  37. Abdullahi Musa Mshelia

    April 30, 2016 at 9:18 am

    That is a very good initiative.but haw con we access the loan.please email me the application procedures.

  38. usman salihu kangiwa

    April 30, 2016 at 3:38 pm

    the bank should extend it awareness so that the information would rich local people.

  39. Ikenga Chikezie

    May 3, 2016 at 7:04 pm

    Am so happy about this programme. Please how do i apply for it? Thanks

  40. ogunsola oludayo samuel

    May 4, 2016 at 5:03 pm

    it is a good one, but sir how can i be a beneficiary of such loan i want to go into farming and production of palm oil and others, please help me

  41. David Niwuraoniso Ozo

    May 5, 2016 at 10:35 am

    Good day sir/madam, i want to know how i can be a beneficiary of this program. thank

  42. obaniyi olusegun

    May 5, 2016 at 3:22 pm

    pls, I want to apply for the loan. 08034407401

    • E.A . Obomanu

      April 26, 2019 at 2:48 pm

      Am interested in this scheme, and i want to know how to access the fund because I want to go into production of bottle water.

  43. Abdulkadir A Olusegun

    May 7, 2016 at 9:13 am

    I had seek financial support for my agro-processing business from BoI through SMEDAN North Central Zone, Lokoja, but the exercise was mare with politicking and irregularities. But, because i always have a strong believe that BoI is one of the veritable tools to which the nation can meet its job creation target and economic diversification i will continue to apply and equally enjoin young entrepreneurs in the country especially from the north states as to apply especially now that we seems to have government that respect due process and diligence.

  44. Wale Adeyemo

    May 9, 2016 at 2:50 pm

    Am an entrepreneur and am interested in this program. I have tried to secure loan for my business in the past from the boi but it has proofed to be a mere waste of time, energy and my little resources

  45. Akinbinu Akinbode J

    May 10, 2016 at 10:10 am

    i am an entrepreneur myself, how do i apply for this loan and what dose it take before one could apply. are mt write business proposal…and send it through. thanks

  46. Amen Raymond oche

    May 11, 2016 at 11:14 am

    am a corps member, a graduate b. agric , wants to be a beneficiary .Am very good in fishery, catfish smoking and drying .08086260856.tnx

  47. Sunday Okechukwu Enyinta

    May 18, 2016 at 7:37 am

    Interesting a very good move. But there should provision for thos who dont have the certificate because to me certificate did not guaranty business Ideas i think you guys should ask for a standard Business plane. Thank you 09083000091

  48. Nwankwo Uche Kingsley

    May 18, 2016 at 8:04 pm

    please sir, how can someone benefit on this great opportunity to all youths empowerment
    i have filled the form waiting interview .
    my Business plain is to purchase Industry sew machine and embroidery machine and establish a company Sir. Nwankwo Uche Kingsley 08063565340

  49. Abubakar Isiaka

    May 20, 2016 at 8:35 pm

    pls sir, i want to be a beneficiary to the loan how can i have access to it.

    • Abubakar Isiaka

      May 20, 2016 at 8:39 pm

      08028300252

  50. Abubakar Isiaka

    May 20, 2016 at 8:54 pm

    pls i want to be a beneficiary to the loan how can i have access to it.08028300252

  51. Ugwu kingsley C

    May 21, 2016 at 5:01 pm

    How can one have access to this loan.?

  52. Ugwu kingsley C

    May 21, 2016 at 5:05 pm

    How can i be a beneficiary to this exercise?

  53. Adeyanju Mayowa Elijah

    May 27, 2016 at 4:18 pm

    A young entrepreneur with lots of enthusiasm to see wealth being redistributed.
    I currently Operate a Concrete block industry with potential for growth and application of modern method to increase production efficiency and effectiveness. Access to a single digit will be a block buster. how do we access this. Many Thanks for this unparalleled opportunity BOI have presented.

  54. JOSEPH SEGUN

    May 28, 2016 at 9:06 pm

    This is initiative is nice but how do we get access to this loan for entrepreneur like me who like to boost the economy in the area of Tourism and real estate.

  55. JOSEPH SEGUN

    May 28, 2016 at 9:07 pm

    Please what is the process of getting access to this loan. Thanks

  56. John Bode Zira

    May 29, 2016 at 1:26 pm

    Am a graduate In engineering field, please how can I be a beneficiary of this opportunity?. Thanks.

  57. John Bode Zira

    May 29, 2016 at 1:31 pm

    I currently operate a catfish farm and in need of financial support, how can I benefit from this great opportunity?

  58. george t. s

    June 9, 2016 at 1:12 am

    How can we apply for the loan?

  59. Ibrahim

    June 17, 2016 at 5:57 pm

    Well i try somany loan but 0

  60. REMI TAIWO

    June 27, 2016 at 12:04 pm

    Do you have a programme for graduates above 35 years of age..?
    These people are also interested in the loan to contribute to our economy. do not restrict access to your only to this segment of graduates

  61. Nwakwuo Peace M

    July 2, 2016 at 5:03 pm

    Please how do I apply for this…..

  62. Odjegba Israel

    July 5, 2016 at 5:22 pm

    After holding my certificate you still need guarantor.what if I don’t have one.

  63. Aule Benjamin Tertsegha

    July 10, 2016 at 8:10 pm

    This is a good project for the Nigerian youths,but how can one apply,Iam very interested

  64. OSEH CHUKWUMA

    July 12, 2016 at 8:08 am

    ANYWAY, I DID NOT GET NOTICE OF THIS IN TIME. MAY I KNOW IF IS STILL POSSIBLE TO APPLY NOW, AND HOW DO I THIS.

  65. OSEH CHUKWUMA

    July 12, 2016 at 8:16 am

    THIS WOULD BE VERY HELPFUL TO HARDWORKING GUYS. A LOT OF SOUND IDEA IS WASTING DUE TO FUND,YES, I LIKE TO APPLY RIGHT AWAY. SO HOW DO I DO THIS.

  66. SEER DANIEL AONDONA

    July 12, 2016 at 1:07 pm

    The ‘YES’ project is indeed timely and I have confidence it will be handled transparently by this administration. How can I be a beneficiary of the program. Thank you.

  67. Asamu isola mathew

    July 14, 2016 at 5:16 pm

    I want to start produce locust beans in powder form dry pepper,ginger&garlic but only capital is distob me to make my taget

  68. ORBAN PETER

    July 26, 2016 at 8:37 am

    bless l saw this on tv programmed yesterday and l have thinking toward such organization to be introduce in my state, benue state.pls do help, how can we be part of BOI

  69. Debby Obatola

    July 26, 2016 at 10:33 am

    How do one access this loan please.

  70. Selzing Joseph Gidado

    September 5, 2016 at 1:06 am

    That’s a welcome development, but how genuine is it pls?

  71. Ojile Peter Okwori

    September 27, 2016 at 12:20 am

    I am a graduate of engineering with great business plans but lack the financial power to bring business to reality. How can I be a beneficiary of this grant

  72. Christopher Odeyemi

    September 27, 2016 at 2:47 pm

    I am Into laundry soap making. Please, how can I benefits from this program, to make my dream as employer of labour comes true?

  73. GARBA YA'U

    October 27, 2016 at 10:15 am

    wishing all the participants all the best and Allah’s guidance

  74. Arinola Zainab Adebola

    November 5, 2016 at 10:50 pm

    Pls am interested in this, how do I go about it

  75. Arinola Zainab Adebola

    November 5, 2016 at 10:51 pm

    Pls am interested in this, how do I go about it. Thanks.

  76. Arinola Zainab Adebola

    November 5, 2016 at 10:54 pm

    Am a graduate of geography and a post graduate diploma in geographinfinformation systems. Also into makeover business, need to expand my pls.

  77. Israel ijessa

    November 6, 2016 at 11:38 pm

    Hi,is boi still on because I will love to apply

  78. ekwulu rose

    November 11, 2016 at 8:22 pm

    pls am so much interested. how do I apply for d program.

  79. Peter .A

    November 21, 2016 at 1:51 pm

    How can one be a beneficiary to this loan

  80. Abraham David

    February 20, 2017 at 2:01 pm

    Pls how can I be a beneficiary of this.

  81. Abraham David

    February 20, 2017 at 2:02 pm

    This is a very good initiative.
    How can I be a beneficiary of this

  82. Nanjul Nimyel

    April 9, 2017 at 12:13 am

    This is not fair,why must the loan be for only graduate ?

  83. Echefu Godson Ogechukwu

    April 23, 2017 at 12:20 pm

    Please how can I access this loan.

  84. Adiele chioma beauty

    April 28, 2017 at 12:51 am

    please how can i access this loan 08069044867 08135914507

  85. Abubakar Lawal

    July 3, 2017 at 1:08 pm

    what about loan of 100,000 which that you give to small median enterpress

  86. Elijah Oche

    January 8, 2018 at 10:16 am

    Please how do I apply for the loan

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