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Nigeria Launches ?2 Billion Loan for Youth Entrepreneurs

10/11/2025

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Summary

Story summary

Brigadier General Olakunle Nafiu, Director-General of the National Youth Service Corps, said the Skills Acquisition and Entrepreneurship Development programme (SAED) is a crucial Plan B for financial independence.
Nafiu announced a ?2 billion loan scheme via the Bank of Industry, enabling access up to ?5 million at 9%.
He urged participants to engage in camp activities and develop entrepreneurial skills to reduce reliance on government jobs and boost productivity.

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Story summary

Brigadier General Olakunle Nafiu, Director-General of the National Youth Service Corps, said the Skills Acquisition and Entrepreneurship Development programme (SAED) is a crucial Plan B for financial independence.
Nafiu announced a ?2 billion loan scheme via the Bank of Industry, enabling access up to ?5 million at 9%.
He urged participants to engage in camp activities and develop entrepreneurial skills to reduce reliance on government jobs and boost productivity.