This is mentioned in the bank's announcement given to press in Lagos on Wednesday.
The announcement cited Mr Waheed Olagunju, Acting Managing Director, BoI, as encouraging the recipients to use the chance to lift themselves and different young people out of porverty.
Olagunju gave the word of encouragement during the presentation of cheques to recipients of the award.
He encouraged the corps members to be great ambassadors of NYSC and BOI.
Olagunju said the programme, which was launched on 5th October, 2015, was done in a joint effort with the Directorate, National Youth Service Corps (NYSC).
He said the GEF focused at urging graduates to be business visionaries, build limit, extend monetary consideration by not gambling them and supporting their businesses.
Olagunju said the beneficiaries went to 3-day capacity building program at seven assigned training centres over the six geo-political zones of the nation.
He included that endorsements of support were issued to the 896 corps members that went to the preparation under the tutelage of nine business training specialists.
Olagunju said toward the end of the programme, 360 competitors submitted loan application worth N695.1 million spreading over 27 out of the 40 item groups recognized by BOI.
The regions were basically agro-preparing; including meat handling (cows and poultry), aquaculture and food processing), snappy administration eateries, style outline, shoe making and cosmetics.
Olagunju said the execution had challenges.
He said the difficulties included recommendations that were not reasonable and a few proposals domiciled in areas not the same as tcandidates’ places of primary assignment.
He said BoI would keep on improving on the usage of the system through an input procedure and create measures that would guarantee the achievement of the businesse of recipients. (NAN)
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