NYSC Trust Fund Registration Portal 2021/2022 – FG aims to lift 100 million young people out of poverty
NYSC Trust Fund Loans 2021/2022 – Are you servicing a corps or a future corps member? Are you familiar with the NYSC Trust Fund Registry? The NYSC Trust Fund was set up to get 100 million Nigerians out of unemployment over the next 10 years.
This was stated by NYSC Special Director Alhaji Musa Abdullahi during a meeting with journalists. He said at least 500,000 corps members had been trained and acquired in Skills Acquisition and Entrepreneurship Education (SAED).
Abdullahi said the NYSC CEO is General Brig. Ibrahim Shuaibu proposed the establishment of the NYSC Trust Fund as a strategy to implement Buhari’s vision of lifting 100 million people out of poverty.
He also revealed that successful partnership initiatives with funding institutions such as the Industrial Bank (BOI) and CBN will provide seed capital to corps entrepreneurs.
The NYSC Alumni and Entrepreneurship Trust Fund scheme is an idea of the Industrial Bank (BOI) in collaboration with the National Youth Service Corps to offer business loans to corps members.
This is how the NYSC Trust Fund works
Applicants must attend:
- Selection practice
- 4 days of intensive GEF training
- Submit a workable business plan according to the BOI guidelines.
You can check it out at www.boi.ng
NYSC trust fund documents?
- An effective business plan
- Valid ID
- Supporting NYSC documents
What is the collateral for a NYSC trust fund loan?
NYSC Certificate: The NYSC Board of Directors signs a commitment not to issue a certificate until the loan has been paid.
External guarantor, who must be: Level 7 civil servant, banker (civil servant), doctor, lawyer, clergyman, accountant, elected civil servant, managers of reputable companies.
How to Register with the NYSC Trust Fund
To start registering, visit www.boi.ng/apply/register