Brands and Marketing
BREAKING: CBN Awards N5m Loans To Graduates Under New Scheme

CBN has awarded N5m Loans to graduates under a new scheme.
Onyxnewsng reports that the Governor of the Central Bank of Nigeria, Mr Godwin Emefiele, on Thursday, launched the Tertiary Institutions Entrepreneurship Scheme designed to tackle underemployment and unemployment in the country.
Emefiele, at the launch in Abuja, also presented loans ranging from N4.1m to N5m to graduates who applied and were selected.
“The scheme, developed in partnership w ith Nigerian polytechnics and universities, is designed to harness the potentials of graduate entrepreneurs by creating a paradigm shift from the pursuit of white-collar jobs to a culture of entrepreneurship for economic development and job creation,” he said.
Watch CCTV Footage Of How Female Clubber Died In Obi Cubana’s Club In Abuja
He noted that i t had become imperative that government at all levels put in place policy measures to support entrepreneurial development among youths amid the lack of adequate employment opportunities.
The governor said such measures would create an enabling business ecosystem that supports innovation and enables the youth to unleash their entrepreneurial potential, by redirecting their focus from seeking white-collar jobs to a culture of entrepreneurship development.
READ What Buhari Finally Said About Atiku’s birthday
“The ecosystem should provide support in re-orientating, training, and providing a financing model apt to the peculiarity of the sector within which the businesses operate,” he added.
-
Headline1 week ago
PDP NEC Meeting Postponed Again as Internal Crisis Deepens; Governors, BoT, and Saraki Panel to Meet
-
Headline5 days ago
Ogun State Shines as National Sports Festival Closes with Presidential Praise
-
Headline1 week ago
UCL 2025/26: 27 Clubs Secured Qualification Spot Already (FULL LIST)
-
Headline6 days ago
Ogun Athletes’ Protest Over Allowances at National Sports Festival Deemed ‘Impatient’ by State Government
-
Headline1 week ago
Internal Tensions Surface in ADC as It Becomes Platform for Anti-Tinubu Coalition
-
Crime1 week ago
[VIDEO]: NDLEA’s Drug Seizure at Lagos Airport Reveals Evolving Trafficking Tactics
-
Headline1 week ago
Federal Judge Blocks Trump’s Ban on Harvard’s International Students; Trump Responds
-
Headline1 week ago
Children’s Day 2025: President Tinubu Calls for National Unity Against Bullying, Reaffirms Child Welfare Priorities
-
Headline1 week ago
Power Struggle Between Makinde and Wike Threatens PDP’s Stability Ahead of NEC Meeting
-
Headline5 days ago
Scare at Liberia’s Roberts International Airport as President Boakai’s Plane Suffers Tire Failure