Home Business BoI Inaugurates N10billion Entrepreneurial Support Projects for Youths

BoI Inaugurates N10billion Entrepreneurial Support Projects for Youths

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By Akin Akinremi
As part of its efforts to create employment for the youths, the Bank of Industry (BOI) launched a N10 billion Youths Entrepreneurship Support (YES) project to empower youths with loans to start businesses.
The Minister of Industry, Trade and Investment, Dr Okechukwu Enelamah, who spoke at the launch of the scheme in Abuja said his ministry would partner all agencies of government to create new jobs.
He said more than 40 per cent of Nigerian graduates had no jobs and that an average of eight million Nigerians entered the job market annually.
Enelamah said the ‘YES’ project of BoI was part of the Federal Government’s youths employment scheme, stressing that about 36,000 jobs would be created annually through ‘YES’.
He appealed to prospective beneficiaries to repay the loans for the success and sustenance of the project.
The Acting Managing Director of BoI, Mr. Waheed Olagunju, said a participant under the scheme could access up to N10 million loan with single digit interest rate and repayable over three to five years.
He said an applicant must present NYSC or higher education certificate as collateral to qualify for the loan with two external guarantors.
Olagunju said the bank was partnering 11 consultants across the country for the first phase of the project.
Mr Afolabi Imokhuede, a Special Assistant to the Vice President, said that job creation was at the heart of the current administration.
He said government intended to create 3.5 million jobs in the next three years, adding that the ‘YES’ project was one of the programmes.
Imokhuede advised participants to take the ‘YES’ seriously as online courses were now popular means of job creation world wide.
Mallam Nasir el-Rufai, Governor of Kaduna State, said  the state was partnering with BoI on job creation.
He said the state had been able to take controlling shares in Peugeot Automobile Nigeria with the assistance of BOI

Rihanna Gets Real About Beyonce ‘Rivalry,’ Reveals Her One Regret in Life in ‘Vogue’

Nobody does high fashion quite like Rihanna.

The 28-year-old singer stuns on the April cover of Vogue, sporting a show-stopping Tom Ford sequin dress and a slicked-back ‘do. Rihanna opens up about everything from her new album, Anti, to her love of fashion with the publication, and sets the record straight on reports of a feud between her and Beyonce.

The magazine points out Beyonce’s surprise release of her single “Formation” during Anti‘s week climbing the charts as just one reason some fans have been pitting the two superstars against one another, but the “Work” singer isn’t bothered in the least.

“Here’s the deal. They just get so excited to feast on something that’s negative,” Rihanna says. “Something that’s competitive. Something that’s, you know, a rivalry. And that’s just not what I wake up to. Because I can only do me. And nobody else is going to be able to do that.”

Obviously, Rihanna has enough going on in her own life as it is. She’s in the middle of a 63-city world tour, and says her grueling schedule makes it a challenge to be in a relationship.

“My schedule is so crazy right now,” she laments. “It’s definitely going to be a challenge when I do decide to pursue a relationship . . . but I have hope!”

But she couldn’t be prouder of her latest album, even if it turns out to not be as popular as her previous work.

“It might not be some automatic record that will be Top 40,” Rihanna acknowledges. “But I felt like I earned the right to do that now.”

Rihanna’s latest music is definitely personal, judging by the way she describes her songs. For example, “Higher” is about a woman in a not so healthy relationship. “You know he’s wrong, and then you get drunk and you’re like, ‘I could forgive him. I could call him. I could make up with him,'” she explains. “Just, desperate. We just said, ‘You know what? Let’s just drink some whiskey and record this song.'”

Her song “Work,” which Ariana Grande recently poked fun of on Saturday Night Live thanks to the not easily understood chorus, is inspired by her home culture in Barbados.

“You get what I’m saying, but it’s not all the way perfect,” she explains. “Because that’s how we speak in the Caribbean.”

Rihanna Gets Real About Beyonce ‘Rivalry,’ Reveals Her One Regret in Life in ‘Vogue’

Nobody does high fashion quite like Rihanna.

The 28-year-old singer stuns on the April cover of Vogue, sporting a show-stopping Tom Ford sequin dress and a slicked-back ‘do. Rihanna opens up about everything from her new album, Anti, to her love of fashion with the publication, and sets the record straight on reports of a feud between her and Beyonce.

The magazine points out Beyonce’s surprise release of her single “Formation” during Anti‘s week climbing the charts as just one reason some fans have been pitting the two superstars against one another, but the “Work” singer isn’t bothered in the least.

“Here’s the deal. They just get so excited to feast on something that’s negative,” Rihanna says. “Something that’s competitive. Something that’s, you know, a rivalry. And that’s just not what I wake up to. Because I can only do me. And nobody else is going to be able to do that.”

Obviously, Rihanna has enough going on in her own life as it is. She’s in the middle of a 63-city world tour, and says her grueling schedule makes it a challenge to be in a relationship.

“My schedule is so crazy right now,” she laments. “It’s definitely going to be a challenge when I do decide to pursue a relationship . . . but I have hope!”

But she couldn’t be prouder of her latest album, even if it turns out to not be as popular as her previous work.

“It might not be some automatic record that will be Top 40,” Rihanna acknowledges. “But I felt like I earned the right to do that now.”

Rihanna’s latest music is definitely personal, judging by the way she describes her songs. For example, “Higher” is about a woman in a not so healthy relationship. “You know he’s wrong, and then you get drunk and you’re like, ‘I could forgive him. I could call him. I could make up with him,'” she explains. “Just, desperate. We just said, ‘You know what? Let’s just drink some whiskey and record this song.'”

Her song “Work,” which Ariana Grande recently poked fun of on Saturday Night Live thanks to the not easily understood chorus, is inspired by her home culture in Barbados.

“You get what I’m saying, but it’s not all the way perfect,” she explains. “Because that’s how we speak in the Caribbean.”

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