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The National Youth Service Corps (NYSC) and Bank of Industry (BOI) have signed a Memorandum of Understanding (MoU) on entrepreneurship development for corps members. The pact will see BoI train and empower corps members in various vocations and give them collateral-free loans as capital and expansion of business initiatives. BoI boss, Mrs. Evelyn Oputu who was at the signing of the MoU alongside the Director General of NYSC, Brigadier General Johnson Olawunmi in Abuja on Tuesday, 21, 2014, described the Nigerian youths as extremely talented and deserving of support. According to her, the partnership would cut across various disciplines such as learning entrepreneur trade skills for those who are good in trading as well as sports among other disciplines.


“We will train them in skills acquisition. We know that not everybody has the ability to learn entrepreneur skills, some have the skills to do business, some are good in engineering and they can transform the vital areas in our country because they can help to transform the roads. Also, those in sports who can train children in sports. Bank of Industry is trying to do a football and basketball academy,” she said, as she hopes the synergy that would arise from the path between the two bodies would transform the society. The NYSC D.G, Brig. Gen. Olawunmi, said the partnership would help to build confidence in Nigerian youths.  He also said the pact between NYSC and BoI will further help to develop two out of the mandates of the NYSC which includes to instilling the values of self-reliance in the corps members and ginger them towards contributing their quota to the growth of the national economy. The pact was also witnessed by the Director, Skills Acquisition and Entrepreneurial Development (SAED), Mrs. Mary Danabia.  

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This article was first published on 23rd January 2014

Comments (2)

2 thoughts on “NYSC, Bank of Industry Sign MoU on Entrepreneurial Skills Development”

  • i love this opportunity for corp member i will like to be part of the program.thanks

  • please as a corp member would love to have the website for the training program for the loan on serving corp member.thamks

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