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Bank of Industry (BOI) Graduate Entrepreneurship Fund (GEF) 2015

Posted on Thu 22nd Oct, 2015 - hotnigerianjobs.com --- (5 comments)


The Bank of Industry Limited (BOI) is Nigeria’s oldest, largest and most successful development financing institution. It was reconstructed in 2001 out of the Nigerian Industrial Development Bank (NIDB) Limited, which was incorporated in 1964. The bank took off in 1964 with an authorized share capital of 2 million (GBP).

Graduate Entrepreneurship Fund (GEF) Call for Entries

The Graduate Entrepreneurship Fund (GEF) is a special N2 billion empowerment programme for serving members of the National Youth Service Corps (NYSC) which was launched on October 5, 2015. This novel schemes which is a joint initiative of the Bank of Industry (BOI) and the National Youth Service Corps (NYSC), has the following objectives:
  • Encourage graduates of tertiary institutions currently undergoing the compulsory one-year NYSC programme, to venture into business and become employers of labour rather than job seekers.
  • Address the entrepreneurship capacity gap o the NYSC members who are expected to produce bankable business plans after the three-day capacity building programme.
  • Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans ranging between N500,000 and N2 million to be provided by BOI
  • Ensure sustainability of the businesses of the eventual loan beneficiaries through effective monitoring by the NYSC Directorate and BOI.
The GEF Programme comprises the following:
  • Online Business Plan Competition to select the most promising real sector business ideas, Selection/screening of participants shall be done via the GEF online application portal.
  • Three days intensive entrepreneurship capacity building programme
  • Loan amount of up to N2 million to be provided to each successful participant with bankable business plans within BOI's 35 SME clusters (list at BOI’s website: www.boi.ng) at an interest rate of 9% per annum, with tenors ranging from 3-5 years inclusive of 6 - 12 months moratorium period.
The capacity building programme is scheduled to hold simultaneously at the following venues:

Geo-Political Zone/State - NYSC Camp Location

South-South

Former Martins TIC,
Issele-Uku,
Aniocha North L.G.A,
Delta State.

South-East
Umunna,
Bende L.G.A,
Abia State.

South-West
Aisu College Hospital Road,
Ede,
Osun State.

North-East
Government College,
Jalingo,
Taraba State.

North-Central
Mangu,
Plateau State.

North-West
Main Road,
Katsina,
Katsina State.

Lagos
Iyana Ipaja,
Agege,
Lagos State.

NOTE: The Entrepreneurship Capacity Building Programme will take place at the above stated centres between 18th - 20th November, 2015. Interested serving NYSC members are hereby requested to apply online immediately

Application Closing Date
3rd November, 2015.

How to Apply
Interested and qualified candidates should:
Click here to apply online

  

Comments (5)

No. 1
Posted on Wed 11th Nov, 2015 19:22:01 GMT by Ezekiel

The bank of industry GEF is a nice initiative.
But members of 2015 NYSC Batch B stream 2 could not apply because we have not yet gotten our NYSC state code which was one of the requirements since we've not gone to camp yet being slated for on the 25th of November 2015.
Our colleagues, Batch A and Batch B Stream 1 were opportune to participate since they've already gone to Camp.
Please we should not be left out.
I called the BOI customer care about it and I was told the one for Stream 2 will come.
Please,when is it coming?

No. 2
Posted on Sat 12th Dec, 2015 10:11:18 GMT by Alli Abdullateef


we the 2015 batch B stream 2 Corp members were informed about post camp training in our various PPA/CDS,but the details on how to locate the centre of the SAED has never being mentioned. Please we don't mind the details. And kindly expanciat the process to secure the loan for both existing and new business es. Thanks.
No. 3
Posted on Wed 30th Dec, 2015 20:25:08 GMT by chibueze ifeanyichukwu

I must laud the effort of the government at present
especially in the area of SAED for corps members,
but I think and humbly wish to opine that
adequate grants be given to corps members upon the
completion of the SEAD program so they can start
with whatever they have learnt within the
period of studies.#500,000 to #2,0000,000
grants would be okay as we strive to make our country
a capitalistic nation of the time.
No. 4
Posted on Wed 27th Jan, 2016 17:50:57 GMT by Pius Nancy

I want to know when the next application for corpers in stream 2 will start. I really need to be informed. Thanks
No. 5
Posted on Tue 15th Mar, 2016 19:45:18 GMT by Debbie

Serving presently in plateau state, will love to be inform about the next boi loan for corpers.


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