The NYSC Foundation has distributed a total of N6 million to 15 former corps members who had requested loans to enhance their businesses, Naija News understands.
Speaking during the loan disbursement event held in Abuja yesterday, the Chairman of the foundation’s Board of Trustees, Francis Erekosima, emphasized that the primary objective was to motivate both current and former corps members to acquire valuable skills that would enable them to not only be self-employed but also create job opportunities for others.
The loan amounts varied; some beneficiaries received N400,000, while others received N350,000 each.
The recipients were engaged in diverse business ventures such as fish farming, rice milling, poultry farming, leatherworks (footwear production), barbing, and cassava farming, among others.
According to Erekoima, about 145 ex-corps members had benefited from the foundation’s soft loans ranging from N250,000 to N400,000.
