CBN governor hails launch of Youth Innovative Entrepreneurship



The Governor of the Central Bank of Nigeria Godwin Emefiele says the launch of the Youth Innovative Entrepreneurship Development Programme is an initiative designed to unlock the ingenuity and resourcefulness of youths to drive the economy.
Under the new pilot scheme, about 1,000 youths will be targeted and one million direct jobs in productive activities would be created within the next four years.
Special credit line of up to N3 million will also be made available for each eligible youth.
Emefiele said the scheme, which is open to youths ,who are either serving in the National Youth Service Corps or those not more than five years post-NYSC service, will fix the problem of inadequate finance which is often encountered by business start-ups.
According to the CBN governor, “the programme will be an equal opportunity programme across gender and geo-political zones.
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