Central Bank Of Nigeria

The Federal Government of Nigeria, through the Central Bank, has launched a new scheme called Tertiary Institutions Entrepreneurship Scheme to help graduates beat unemployment in the country. The loans range between N4.1m to N5m.

Why it matters?
The Federal Government has devised schemes and programs to equip the youth, one of which is N-power. The Central Bank Governor, Mr Godwin Emefiele, announced on Thursday, that the Federal Government has launched a loan scheme which would enable graduates to get loans to fund their entrepreneurship or start up ideas.

The Governor emphasized the need for youth to move from white-collar jobs to entrepreneurship sector. In his statement in Abuja, he said “The scheme, developed in partnership with Nigerian polytechnics and universities, is designed to harness the potentials of graduate entrepreneurs by creating a paradigm shift from the pursuit of white-collar jobs to a culture of entrepreneurship for economic development and job creation.”

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

How COVID-19 Has Changed Consumer Confidence in All 50 States

Analysis: How COVID-19 Has Changed Consumer Confidence in All 50 States Tracking…

CFPB Scraps Ability-to-Repay Provision From Payday Rule: Instant Reaction – Morning Consult

CFPB Scraps Ability-to-Repay Provision From Payday Rule: Instant Reaction Critics say rollback…

Analysis: Don't Expect Drop in Unemployment to Continue Past June

Analysis: Don’t Expect Drop in Unemployment to Continue Past June The decrease…

Analysis: Contraction in Consumer Sentiment in July Signals a Rough Month for Businesses

Analysis: Contraction in Consumer Sentiment in July Signals a Rough Month for…