The Central Bank of Nigeria and the Bank of Industry have enlightened corps members on various financial interventions that would boost their business for the required economic growth.
Representing the CBN at the NYSC Permanent Orientation Camp Iseyin, Mr Sadiq Ajayi highlighted some of the major interventions, which include the Agri-Business/Small and Medium Enterprise Investment Scheme, National Youth Investment Funds (NYIF), Creative industry finance initiative and Anchor's borrowers program.
He emphasized that Corps members can maximize the NYIF, which is in collaboration with the Ministry of Youths and Sports and allows for trading under the Scheme.
He stated that only those with registered businesses are eligible for the minimum unit of N3 Million loan at a zero interest rate. Likewise the BOI representative said the mandate of the organization is to support graduate economy. Since funding is a bridge to boost entrepreneurship.
On business and manufacturing, the Standard Organization of Nigeria (SON) sensitized corps members on the process of product standardization and the importance of certification as manufacturers for authenticity and originality.
The speakers encouraged the Corps members to toll the path of acquiring skills under the SAED program in order to have access to available loans for the growth of SMEs.
Meanwhile, Fidson Healthcare, a pharmaceutical company with a branch in Ibadan has donated various kinds of drugs to the camp clinic at Iseyin.
The donation which was so timely featured varieties of drugs.
Presenting the drugs on behalf of the company, Pharm Representatives Tolulope Dada and Akinyemi Akinteye said it has been their practice to always support the scheme in the area of supply of drugs as their Corporate Social Responsibility.
He added that the varieties donated focused on antimalaria and ulcer.
The State Coordinator, Mrs. Grace Ogbuogebe while receiving the drugs commended Fidson Healthcare for their generosity and usual support for NYSC
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