Olawumi revealed this shortly after he met with Commander, Guard Brigade, Brigadier-General Musa Sanni Yusuf, to forge collaboration on skills acquisition programme for serving corps members in Abuja.
To this end, the DG directed the NYSC Director, Skills Acquisition and Entrepreneurship Development, SAED, Mrs Mary Dan-Abia, to commence partnership with the brigade’s skills acquisition centre in Keffi, Nassarawa State.
According to him, the problem of accessing credit facilities by corps members had been a huge challenge faced by the scheme, adding that they had been strategising to see that the issue was addressed.
He said: “Now, the issue is that when they get this training they don’t have start-up capital, but we have been doing a lot to see there is opportunity for them to get start-up capital. We have the NYSC Foundation as we speak, the NYSC Foundation has just approved loan worth N10 million for corps members.
“Corps members, based on business plan they submit, could get as much as N250,000 and N400,000. We have also signed MoU with Bank of Industry, BoI, though it is yet to take off, but we are working on it.
“A couple of months ago, I also approached Heritage Bank and the bank is setting aside the sum of N200 million under a package where corps members will get a soft loan and the only collateral they will have to drop will be their discharge certificate. “We are also talking with the Central Bank Governor to see that a micro credit loan could be arranged specially to address corps members in this category.”
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