253 corps members re­ceive N426m BOI loans – Min­is­ter

Daily Trust - - BUSINESS - By Fran­cis Arinze Iloani

The fed­eral gov­ern­ment has re­vealed that the Bank of In­dus­try has dis­bursed about N426 mil­lion to 253 corps members through its Grad­u­ate En­trepreneur­ship Fund (GEF).

The min­is­ter of In­dus­try, Trade and In­vest­ment, Dr. Okechukwu Enelamah, announced this in Abuja at an in­ter­na­tional con­fer­ence on en­trepreneur­ship or­gan­ised by Beta Sigma Fra­ter­nity.

Enelamah said the funds dis­bursed to the corps members would en­cour­age in­dus­tri­al­i­sa­tion and en­trepreneur­ship among young peo­ple.

The min­is­ter re­vealed that Pres­i­dent Muham­madu Buhari planned to in­sti­tute a Pres­i­den­tial En­abling Busi­ness En­vi­ron­ment Coun­cil to be chaired by Vice Pres­i­dent Yemi Os­in­bajo to help en­trepreneurs and in­vestors with an en­abling busi­ness cli­mate.

“Ac­cord­ing to the 2013 Na­tional Mi­cro, Small and Medium En­ter­prises Sur­vey, 98% of the 37 mil­lion MSMEs in Nige­ria are ac­tu­ally mi­cro en­ter­prises, em­ploy­ing fewer than 10 peo­ple.

“With this in mind, we are launch­ing what we be­lieve to be the most am­bi­tious so­cial in­vest­ment pro­gramme in the his­tory of Nige­ria,” he said.

For­mer gover­nor of Enugu State, who is also the pres­i­dent of Beta Sigma Fra­ter­nity, Dr. Ok­we­silieze Nwodo, said if the youth in Nige­ria were given a good ground­ing in en­trepreneur­ship, they would ex­cel and be self-em­ployed.

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