NYSC, CBN, BOI To Launch Loan Scheme For Corps Members

The National Youths Service Corps (NYSC) said it was planning to introduce a loan scheme for corps members in view of the prevailing economic hardship in the country.

The Director-General of the scheme, Brig. Gen. Sule Zakari, disclosed this yesterday in Sokoto while addressing the 2016 Batch “A’’ corps members. He said the proposed loan package was in partnership with the Central Bank of Nigeria (CBN) and the Bank of Industry (BoI).

In his words, ‘‘the loan scheme will provide certain amount of interest-free loans to the corps members after the completion of their one year service.
The money will be advanced to them with a view to establishing their various business ventures as the white collar jobs are becoming increasingly scarce. The beneficiaries are expected to be made self reliant and even become employers of labour.’’

The DG urged the corps members to be passionate about their duties as by so doing, their potentials and abilities will be better maximized. Zakari further reminded the corps members that NYSC is all about national service and national integration. He averred that the management of the scheme was encouraging inter-marriages among the corps members.

He also said that the various activities lined up at the orientation camp were aimed at preparing them for the challenges ahead during and after the national service. Zakari called on the corps members to integrate with the host communities by dressing decently and showing  respect for cultures and traditions.

He admonished the corps members to help in providing the needs of their host communities. ”You should endeavour to transform the host communities by adding value to them,’’ Zakari urged. He assured the corps members that the management of the scheme and all the stakeholders were fully committed to their security and general welfare. The 1604 corps members deployed to the state are currently undergoing a three-week orientation at the NYSC camp in Wamakko, Sokoto State.

(NAN)