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The fund is meant to help the beneficiaries grow their businesses, create more jobs, and contribute to Nigeria’s economic growth and development. Central Bank governor Godwin Emefiele said the initiative was aimed at making Nigerian students and graduates push towards self-reliance rather than seeking white-collar jobs. Emefiele also disclosed that the objective is to create a significant shift from the trend of Nigerian graduates being job seekers to job creators. According to information obtained from the News Agency of Nigeria, the six pioneer beneficiaries of the Tertiary Institutions Entrepreneurship Scheme (TIES) announced by the Nigerian apex bank include:
- Aisha Sulaiman, a graduate of Bayero University, Kano.
- Chukwudi Ukpabi of Federal Polytechnic, Ebonyi.
- Zainab Muhammed, a graduate of Federal Polytechnic, Bida.
- Nura Abdullahi of Kano State Polytechnic.
- Simeon Ojopane of Kogi State University.
- Adebowale Olaoye, an accounting graduate of the University of Lagos.
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Emefiele urged the beneficiaries to put the money into good use in their ventures, and promote economic growth and job creation in the country. To ensure that beneficiaries live up to expectations, their academic certificates were withheld as collateral and will be released to them once they repaid the loans.
“What we are doing today is something that is taken for granted in other climes. At the CBN, we are concerned about the level of unemployment within the youth population and we are taking steps to address it.’’ Godwin EmefieleTo steer the scheme, Emefiele has established an 11-member Body of Experts Chaired by the Managing Director of Sterling Bank Plc. Mr Abubakar Suleman. Source: Nairametrics Featured Image Source: YGist
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