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.”