Nigerian lender, Unity Bank Plc has committed over N30 million to empower National Youth Service Corps (NYSC) members through the Bank’s flagship Youth entrepreneurship development initiative known as Unity Bank Corpreneurship Challenge.
The breakdown of the sum includes N4 million won by beneficiaries on four separate editions across four states and N10 million won by beneficiaries across the ten states in the latest edition.
According to a press statement from the bank, the Corpreneurship Challenge, specially designed to target corps members, has produced no fewer than 48 winners across 14 NYSC camps in 13 States and the Federal Capital Territory (FCT) since inception in 2019.
The Director-General of the NYSC, Brig.-Gen Shuaibu Ibrahim in a recent meeting with the Managing Director of Unity Bank Plc, Mrs. Tomi Somefun, commended the bank for providing financial grants to the corps members.
He said the pilot project of the “Corpreneurship Challenge” had created opportunities for self-employment and wealth creation and would reduce the number of unemployed graduates.
“My appeal to you is to be determined, remain focused and fan into flame the training that you have acquired for your empowerment, as it would later translate to societal development,” the DG has said. “Be prudent in your spending, avoid indolence and be committed to what the Unity Bank has done for you,” he added.
The initiative was piloted across four locations – Lagos, Ogun, Edo and Abuja – but has now expanded to six other locations including Akwa Ibom, Kano, Sokoto, Enugu, Sokoto and Osun.
