The National Youths Service Scheme (NYSC) according to Sokoto State coordinator, Alhaji Musa Abubakar is set to commence giving out soft loan packages to corps members.
Abubakar noted that the scheme is ready to partner the Central Bank of Nigeria (CBN) for a soft loan package to enable corps members become entrepreneurs. Others banks to be in this plan include Bank of Industry (BoI), Bank of Agriculture and some commercial banks.
He stated this while speaking on Saturday, at the state NYSC Permanent Orientation Camp in Wamakko Local Government during the Batch B Stream 2 cultural carnival and exhibition of wares produced by the corps members under the skill acquisition scheme.
The state coordinator also urged the corpers never to wait for high-paying jobs but become employers of labour through what they had learnt while in camp.
He said, “Each of the beneficiaries may get between N3 million to N10 million to enable him or her establish small scale businesses. These corps members have been trained on various skills like ICT, stylist, film making, photography, fashion design, tie and dye, cosmetology, brick making, interlocking and food processing as well as preservation, among others which were equally displayed for assessment.
“If they continue to perfect the trade which they have learnt here, it will go a long way to reducing unemployment, poverty and the post service trauma of searching for white collar jobs which is most often not readily available.
“When you eventually get one, your take home pay for a whole month cannot be compared with what a self employed person with his/her trade gets sometimes in a week.”
On the soft loans modality, Abubakar said it would be channeled to deserving corps members through the NYSC Skills Acquisition and Entrepreneurship Development Department.