1,275 Companies to Employ 4,000 Graduates in Lagos Internship Placement Programme

The Lagos State Government has notified the general public that over 1,275 companies have already come on board in willingness to accept four thousand (4,000) post-NYSC graduates for internship programmes in the state. This in line with an earlier announcement by the Lagos State Government to engage unemployed graduates in the state for a 6-month internship programme.

This information was disclosed by the Lagos State Commissioner for Wealth Creation and Employment, Mrs Yewande Arobieke, on Friday, November 8, 2020. It was part of her communication during a press conference on the year 2020 Lagos State Graduates Internship Placement Programme (LASGIPP) at Alausa, Ikeja.




The Lagos State Government has disclosed that over 1,275 companies have already indicated their willingness to accept 4,000 post NYSC graduates for an internship, which follows an earlier announcement by the Lagos State Government to engage unemployed graduates in the state for a 6-month internship programme.

This disclosure was made known by the Lagos State Commissioner for Wealth Creation and Employment, Mrs Yewande Arobieke, on Friday, November 8, 2020, when she addressed a press conference on the year 2020 Lagos State Graduates Internship Placement Programme (LASGIPP) at Alausa, Ikeja, in the company of the Commissioner for Youth and Social Development, Mr Segun Dawodu.





Mrs Arobieke stated that LASGIPP has so far been able to place about 2000 unemployed youths on internship (temporary and full employment) with major brands such as Ecobank, Fidelity Bank, WEMA Bank, Main One, Health Plus Ntel, Meyer Plc, Ikoyi Club 1938, Mantrac Nig. Ltd, Sterling Bank, Cars 45, and Lagos Tax Project etc.

She expatiated that the State Governor decided to increase the number of beneficiaries from the initial 2,000 unemployed graduates to 4,000 as a way of including more beneficiaries in the initiative.

She stated that,

This is in addition to six-months hands-on work experience with Private organisations and selected Ministries, Departments, and Agencies towards promoting their career and personal development, as well as, connect with the right opportunities to contribute to the State’s economy.”

Furthermore, the programme would also assist Micro, Small and Medium Enterprises (MSMEs) and other companies to choose from the State’s database of groomed talents/interns, to enhance productivity and boost their businesses, thereby promoting economic growth at no cost, through the intervention of the State Government, according to her.





The Commissioner affirmed that applications are invited from unemployed graduates with a minimum of Bachelor’s Degree or Higher National Diploma and must be a resident of any of the 57 Local Governments/Local Council Development Areas (LGA/LCDAs) of the State.

She added, “All applicants must have completed their NYSC programme or exempted with proof, and must show evidence of their residence in the State with their ID issued by Lagos State Resident Registration Agency (LASRRA).”

Method of Application

Qualified and interested candidates should click on the button below to apply.

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UNESCO International Prize for Research in the Life Sciences – $350,000 (‎₦133,700,000)

The UNESCO-Equatorial Guinea International Prize for Research in the Life Sciences rewards significant efforts of individuals or institutions through scientific research towards improving the quality of human life.

Life sciences hold the key to a better future, as they contribute to poverty eradication, improved health, food and water security. The core objectives of the Prize is to encourage research, enhance collaboration amongst researchers and reinforce networks of centers of excellence in the life sciences towards these goals.





The Prize, funded by the Republic of Equatorial Guinea, is given annually to a maximum of three laureates. They receive a monetary award of USD 350,000, divided equally among laureates, to help further their research, together with a certificate and the “Integracion Tribal” statuette by Equatorial Guinean artist Leandro Mbomio.

The Prize was established by UNESCO’s Executive Board, to support the achievement 2030 Agenda for Sustainable Development as well as UNESCO’s global priorities included in the Medium-term Strategy 2014-2021.

Applications Deadline: 20 December 2020.




 

Application Process

Who can apply?

Individual(s) or Institutions endorsed by:

Each can endorse up to 5 candidates no later than the deadline set each year. Self-nominations will not be considered.

How to apply?

Candidates must register online.

After registration, candidates will receive a temporary password to access and complete an online form in English or French.

Application form includes:

  • Background Information ;
  • Outline of the candidate’s contribution to the Prize’s objectives;
  • Summary of the work/research;
  • List of Publications.





All supporting material (e.g. publications, photos, videos) must be transmitted electronically through the online system.

Once complete, applications may be submitted in two ways:

  • Candidates invited to apply by a NGO can upload proof of their endorsement and submit to the UNESCO Secretariat.
  • Candidates can submit their application to a National Commission through the online process.

The UNESCO Secretariat receives only applications that have been officially endorsed. The candidate should make all efforts to ensure endorsement with the relevant National Commission.

Nominations after deadline or by individuals without endorsement will be excluded.
The deadline for applications is 20 December 2020.

Assessment

The Secretariat reviews all applications and transmits the eligible to the International Jury.

The Jury provides the Director-General with a recommendation after careful assessment of all candidates.

Source: https://en.unesco.org/stem/lifesciences-prize

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How to Apply: 75 Billion Naira Nigeria Youth Investment Fund (NYIF)

Sometime ago we shared the framework on how the Federal Government has mandateed the CBN to disburse a total of N75 billion Nigeria Youth Investment Fund. This update is to further provide you a definite guide on how to apply for those who are or intend to go into business.

Click here to read the initial framework communicated by the CBN in a statement.

Nigerian Youth Investment Fund (NYIF) is a government initiative created to support youths in business financially. The Nigerian youth investment fund application portal is now open for the Nigerian Youth to submit their applications. The Nigeria youth investment fund (NYIF) application portal is open and it’s for  Nigerian Youths from the age of 18- 35 years that meet the requirements.




Table Of Contents
  • NYIF Application Form 2020
  • NYIF Application Portal
  • About Federal Ministry of Youth and Sports Development (FMYSD)
  • Nigeria Youth Investment Fund NYIF
  • Aim and Benefits of Nigeria Youth Investment Fund NYIF
  • Requirements for Nigeria Youth Investment Fund NYIF Qualification
    • FORMAL BUSINESS ENTERPRISES- Youth Owned Enterprises
    • INFORMAL BUSINESS ENTERPRISES (INDIVIDUAL li SOLE PRORIETORS)
    • INEGIBILITY
  • Documents Required for Application
  • Application Deadline: Not Specified
  • How to Apply
  • NYIF Application Process – Step By Step Guide
    • Step 1: Visit NYIF Application Portal for the Application Form
    • Step 2: Enter Your Personal Information
    • Step 3 – Chose Preferred Training Center
    • Step 4: Select How You Heard About NYIF
    • Step 5: Accept NYIF Terms of Service
    • Step 6: Submit Your Application

NYIF Application Form 2020

https://nyif.nmfb.com.ng/Applicants/New

NYIF Application Portal

https://nyif.nmfb.com.ng

About Federal Ministry of Youth and Sports Development (FMYSD)

It is a Government Ministry in Nigeria created in the year 2007 with the mandate inter’liar to promote the socio economic development of the Nigerian Youth through the advancement of their welfare and provision of opportunities for their self- actualization.

Nigeria Youth Investment Fund NYIF

  • Type: Entrepreneurs
  • Organisation: Federal Ministry of Youth and Sports Development (FMYSD)
  • State of Origin
  • Gender: Men and Women
  • Application Deadline: Not Specified

Aim and Benefits of Nigeria Youth Investment Fund NYIF

fund aims to reach 500,000 youth annually between 2020 and 2023. Each fund approval will range from N250, 000 to N50, 000,000, with a spread across group applications, individual applications, working capital loans set at 1 year and term loans set at 3 years with single digit interest rate of 5%.

  • GLOBAL LIMIT : N12.5 billion
    FACILITY TYPE : Term Loan
    SINGLE OBLIGOR LIMIT: Individual / Non registered Business: Up to #250.000.00 | Registered Businesses( Business Name, Limited liability/ Corporative Societies / Commodities Associations): Up to N3,000.000.00.
  • LOAN TENOR : Maximum of 5 years
  • MORATORIUM : Maximum of 12 months
  • Repayment Structure : Repayment will be on installment basis inline with businesses and NMFB evaluation.

Requirements for Nigeria Youth Investment Fund NYIF Qualification

FORMAL BUSINESS ENTERPRISES- Youth Owned Enterprises

  • Duly registered formal business enterprises (Youth owned enterprises) with Corporate Affairs Commission (CAC)
  • Provision of Business plan Summary / Or Completed Questionnaire
  • Evidence of Training Certificate from approved FMYSD EDIs
  • Valid Bank Verification Number (BVNs) of Director
  • Provision of Tax Identification Number (TIN)

INFORMAL BUSINESS ENTERPRISES (INDIVIDUAL li SOLE PRORIETORS)

  • Must be a Nigerian youth within the age bracket of 18 to 35yrs
  • Have an operational business /enterprise domiciled In Nigeria (Those with unregistered business can also apply) 
  • Has not been convicted of any financial clime in the last 10 years
  • Valid Bank Verification Number (BVN)
  • Evidence of Local Government Indigene Certificate




INEGIBILITY

  • Beneficiaries of NMFB loans (such as Targeted Credit Facility TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AGSMEIS) that remain unpaid are not eligible to apply.
  • Beneficiaries of other Government loan schemes that remain unpaid are not eligible to apply.

Documents Required for Application

  • Training Certificate from approved FMYSD EDIs
  • Evidence of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A
  • Valid Bank Verification Number (BVN) for Individuals and Directors
  • Evidence of Local Government Indigene certificate
  • Duly completed Application form
  • A copy of Birth Certificate
  • Valid Tax Identification Number (TIN)
  • A Summary Business plan / Questionnaire
  • Valid means of Identification (Voter’s Card. Drivers License. National ID/NIN Slip 3. International passport)
  • Automated two years bank statement analysis.

Application Deadline: Not Specified

How to Apply

Interested and qualified? Go to Federal Ministry of Youth and Sports Development (FMYSD) on nyif.nmfb.com.ng to apply.

NYIF Application Process – Step By Step Guide

Here is a step by step guide on how you can successfully apply for the ongoing Nigeria Youth Investment Fund (NYIF)

Step 1: Visit NYIF Application Portal for the Application Form

Click on the link above to open the NYIF application portal. Once the NYIF portal loads, you will see the application form.

Step 2: Enter Your Personal Information

Enter the following personal information

  • First Name
  • Middle Name
  • Last Name (Surname)
  • BVN





When you are done filling the above, click the “Next” button

Step 3 – Chose Preferred Training Center

Click on the select box to chose the training center of your choice. The following training center options are available;

  • National Youth Development Center (North-Central)
  • National Youth Development Center (North-West)
  • National Youth Development Center (North-East)
  • National Youth Development Center (South-East)
  • National Youth Development Center (South-South)
  • National Youth Development Center (South-West)
  • Federal Ministry of Youth Sports and Development

Step 4: Select How You Heard About NYIF

The 4th step is a select box asking you how you knew about NYIF. The following options are available.

  • CBN
  • NMFB Staff
  • Facebook
  • Linkedin
  • SMS
  • Google Ads
  • Facebook

Step 5: Accept NYIF Terms of Service

The 5th step is a check button requesting you to confirm that the information you provided is true and correct. Click on the button to accept

Step 6: Submit Your Application

Click on the submit button to finally finish your application.





Note

  • No training fees required
  • Online Training only
  • Training duration is 5days

The Nigeria Youth Investment Fund registration portal is https://nyif.nmfb.com.ng/Applicants/New .

The youth investment fund application form is found on the page when you open the link above

The youth investment fund portal has no closing date yet

For more details visit Nigeria youth investment fund website

 

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Apply: International Monetary Fund (IMF) Economist Program (EP) – 2021

International Monetary Fund (IMF), United Nations (UN) specialized agency, founded at the Bretton Woods Conference in 1944 to secure international monetary cooperation, to stabilize currency exchange rates, and to expand international liquidity (access to hard currencies).

Applications are invited for:

Title: 2021 Economist Program (EP)

Job Number: 2000788
Location: US-Washington, DC




Description

  • The IMF is currently accepting applications for its annual Economist Program (EP).
  • The EP is a three-year program consisting of two 18-month assignments. It is aimed at talented, recent PhD graduates who are excited by the opportunity to gain operational experience and further develop their macroeconomics expertise, while making a direct and meaningful contribution on a global stage to fostering monetary cooperation, securing financial stability, facilitating international trade, promoting high employment and sustainable economic growth, and reducing poverty.
  • Participants in the EP will apply their studies and research to policy work that impacts our 189 member countries and join a team of staff working to address the key global economic challenges. You will travel to countries where you will work closely with country authorities and carry out operational work related to the IMF's mission. Depending on your assignments, EP participants will gain broad experience in regional and country-specific issues, as well as in fiscal, monetary, balance of payments, debt, or other related issues and contribute to our research and policy analysis agenda.
  • In combination with your work assignments, you will be able to participate in a range of training and development activities and will be mentored, guided, and supported by seasoned economists, all with a view of ensuring a satisfying and exciting start to your career at the IMF.

Qualifications
We are seeking between 20 and 30 top economists from around the world who:

  • Have recently completed or are expected to complete a PhD within a year (or less) of joining in fields including macroeconomics, finance, public finance, monetary economics, international economics, trade, poverty issues, political economy, econometrics or related areas.
  • Possess an excellent academic record.
  • Have validated analytical, quantitative, and IT skills.
  • Show an interest in, and aptitude for, working in an international organization, and contributing to economic policy issues.
  • Be a national of one our member countries.
  • Be below age 34 at entry to the program on September 13, 2021.
  • Have strong written and oral English skills.





Ideally, you will also be:

  • Motivated by making significant contributions to the economic well-being of our members.
  • Able to demonstrate a sound understanding of macroeconomics (even if specialized in other areas during graduate school), able to utilize conceptual frameworks to commutate complex ideas, and be comfortable in navigating around the different sectors of an economy and the linkages between these sectors.
  • Able to undertake a combination of operational, analytical, and research work.
  • Versatile and flexible in learning about different areas while also possessing a strong field of relevant expertise.
  • A natural collaborator, motivated by exchanging information and ideas with others to reach common goals and making a substantial contribution to the team's work.
  • Cultural agility and emotional intelligence to engage effectively internally and externally, develop relationships, and build strong networks.
  • Willingness to travel (can vary based on assignment but typically one-two missions per 18-month EP rotation)
  • Proficient in, or be willing to learn, foreign languages. (Languages other than English are useful but not a requirement.)

Application Closing Date
10th November, 2020.

How to Apply
Interested and qualified candidates should:
Click here to apply online

 

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Massive Recruitment at Rivers State Government – Over 100 Vacancies Available

The Rivers State Government has called for applications to several positions in the State's Civil Service.

The Rivers State Civil Service (RSCS) is the body of professional civil servants entrusted with the responsibility of carrying out the policies of the Rivers State government in relation to infrastructural development and social service delivery.




Some of the positions available are:

  1. General Duty Doctors/Medical Officers
  2. Obstetricians and Gynecologists
  3. Pediatricians
  4. Internal medicine Physician
  5. Medicine Physicians
  6. General Surgeon/Consultant
  7. Radiologist/Radiographer/Dental Radiography Assistant
  8. Nursing Officer/ENT Trained Nurse
  9. Pharmacist/Pharmacy Technician/Pharmacy Assistant
  10. Laboratory technician/Laboratory Scientist/Laboratory Assistant
  11. Health Records Technologist/Health Record Technician
  12. Resident Doctor/Consultant (Paediatric, Ophthalmologist, Oculo Plastic Surgeon, General Ophthalmologist)
  13. Optometrist/Optician/Low Vision Therapist/Ophthalmic Nurse/Orthopist
  14. Clinical Audiologist/ Technician/Speech Therapist
  15. Dental Surgeon/Dental Consultant/Dental Technologist
  16. State Counsel
  17. Engineer
  18. Architect
  19. Lands Officer
  20. Surveyor
  21. Quantity Surveyor
  22. Technical Officer
  23. Artisan/Craftman
  24. Information Officer
  25. Accountant
  26. Education Officer
  27. Assistant Education Officer
  28. Agricultural Officer
  29. Livestock Officer
  30. Forest Officer
  31. Veterinary Officer
  32. Veterinary Laboratory Assistant
  33. Administrative Officer
  34. Program Analysist
  35. Librarian
  36. Confidential Secretary
  37. Executive Officer
  38. Clerical Officer
  39. Driver
  40. Cleaner etc.




 

All positions available span across virtually all job areas. The full statement can be seen in the image below, and can be seen to have been signed by Kikpoye Philip, the permanent secretary to the state's civil service.

 

 

SALARY:

Salaries will be based on the approved Consolidated Medical Salary Structure (CONMESS) , Consolidated Health Salary Structure (CONHESS) and Consolidated Public Salary Structure (CONPSS) as applicable in the Rivers State Civil Service.

 

METHOD OF APPLICATION

Applicants are required to submit Hand written applications and details of curriculum Vitae and photocopies of the following:

  • i.  First School Leaving Certificate
  • ii.  West African School Certificate or Equivalent
  • iii.  University Degree and other Professional certificates/Evidence of Current professional license
  • iv. National Youth Service Corps (NYSC) discharge or Exemption certificate
  • v. Local Government Identification
  • vi. Birth Certificate or Affidavit of age declaration
READ  Nursery School Teacher Vacancies at Broadoak Schools

Applicants should not be more than 50years of age




Application Should Be Addressed To:

The Permanent Secretary, Rivers State Civil Service Commission, State Secretariat complex, Port Harcourt

 

 

Important Note

  • Non indigenes can also apply.
  • Only qualified candidates will be invited for interview.

 

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Nigerian Navy Resumes 2020 Recruitment Exercise

The Nigerian Navy has communicated a resumption of its 2020 recruitment exercise. See statement below.

"The Nigerian Navy wishes to inform the general public of the resumption of online registration for the 2020 Recruitment Exercise for two weeks from 5 – 18 November 2020.

It is to be noted that this is a continuation of the online registration which had commenced in March 2020 but was later suspended in April 2020 due to the COVID-19 Pandemic. Interested candidates are to apply online at www.joinnigeriannavy.com.





Applicants are advised to apply once as multiple application/registration will be disqualified. Furthermore, applicants who have already registered before the suspension should not apply again to avoid disqualification. On submission, applicants are to print out copies of the completed Application Forms together with Applicant’s Declaration and Certification by Parent/Guardian Form, Local Government Area Certification Form, Police Certification Form and Guarantor Form.

Applicants are to come to the designated examination and recruitment centers with copies of their online completed Forms. The online registration is free of charge. Applicants must possess a minimum of 5 credits in not more than 2 sittings in WASCE/SSCE/GCE/NECO/NABTEB (English and Mathematics inclusive), must be between the ages 18-22 years or 18-26 years for those with ND, NCE, Nurses and Motor Transport Department (MTD).





Applicants with qualifications higher than those specified in the Guidelines should not apply. Applicants must be single and of Nigerian by birth, must not be less than 1.69m tall for males and 1.65m for females. Applicants must read the detailed instructions at www.joinnigeriannavy.com. The recruitment exercise will commence with screening of applicant’s credentials followed by an aptitude test at designated centres nationwide on a date to be announced later.

Applicants are further advised in their own interest not to give any form of gratification or inducement to any person or group of persons to assist them on the recruitment exercise. Any applicant who falsifies or forges his/her documents and is discovered at anytime will be handed over to the appropriate law enforcement agency for prosecution."

Signed: SULEMAN DAHUN, Commodore for Chief of the Naval Staff

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FG Business Survival Fund: Free 250,000 CAC Registration

Business formalisation Support of the MSME Survival Fund


As part of Federal Government’s post Covid-19 Pandemic survival intervention to support micro and small businesses to formalise their businesses, the Federal Government has approved the free registration of 6,606 Business Names in each of the 34 states while Abia, Lagos and Kano will have 7,906, 9,084 and 8,406 respectively.

 

Consequently, all interested Micro and Small Entrepreneurs, Artisans, Craftsmen/Women (one or more persons) that are yet to formalise their businesses should take advantage of this rare opportunity.

Aggregators have been appointed to receive applications from interested persons in line with CAC requirements.

The names and  contact details of the aggregators can be obtained on the Commission’s Website as follows: www.cac.gov.ng

The free registrations will start on the 19th October 2020.

Don’t be left out! Hurry now to any of the centres with the following documents to register your business:

  1. Three (3) Proposed Names

  2. Two (2) Passport sized photographs

  3. Valid Means of Identification

  4. Phone Number/Email address

Please click here to complete or download an application form 

Email of the Aggregators

Scan the completed form in PDF format together with a scanned copy of a recognized and valid photo identification (Data Page of International Passport, Driver’s license, National Identity Card or Voter’s Card) and sent via email to the Aggregator of your relevant State.

…………CAC, committed to prompt and efficient service.

Source: https://www.cac.gov.ng/free-250000-fg-cac-business-names-registration-for-msmes/

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Apply: U.S. Consulate 2020 Academy for Women Entrepreneurs – 120 Slots

The United States Consulate General in Lagos has announced call for applications to the 2020 Academy for Women Entrepreneurs (AWE). The AWE is a U.S. Government initiative that supports women entrepreneurs around the world.

This is the second annual annual edition of the initiative, and 120 female entrepreneurs from across southern Nigeria will be selected to receive virtual and in-person training and mentoring.

20 slots have also been set aside for 20 female returnees. This is to support the comprehensive rehabilitation and reintegration of returned migrants.





The program is scheduled to run from November 2020 to March 2021. Successful applicants will receive lessons on business management, network with like-minded entrepreneurs and mentors, and learn the practical skills required to create and run successful as well as sustainable businesses.

Jennifer Foltz, United States Consulate Acting Public Affairs Officer, explained that the goal of the Academy for Women Entrepreneurs is to mentor women all over the globe on how to become successful entrepreneurs.

The AWE is a component of the White House Women's Global Development and Prosperity Initiative. This is an initiative designed to empower women worldwide to fulfill their economic potential, thereby creating conditions for increased stability, security, and prosperity for all.

According to Foltz,

"One of the U.S. government's goals is to promote entrepreneurship worldwide. Through the Academy for Women Entrepreneurs, we are doing just that by giving ambitious businesswomen the skills they need to take their ventures to the next level. For this year's program, we encourage motivated and self-driven female entrepreneurs to apply".

Participants will receive access to DreamBuilder, a blended business-training course developed through a partnership between Arizona State University's Thunderbird School of Global Management and global copper mining company Freeport-McMoRan. Also, leading local business leaders will help facilitate the workshops.

Interested female entrepreneurs can apply at no cost by clicking on the button below and filling out the application form.

 

Application Deadline: 8th November, 2020.

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CBN to Disburse 75 Billion Naira to Youths Through NIRSAL

The Central Bank of Nigeria (CBN) has issued a statement that it has set up the framework for NIRSAL Microfinance Bank to commence the disbursement of the N75 billion Nigeria Youth Investment Fund.

In the statement, the CBN stated that the Nigerian Youth Employment Action Plan was developed by the Federal Ministry of Youth and Sports Development as a built-in strategy address the issue of high level unemployment among Nigerian youths.

In this framework, NIRSAL (Nigeria Incentive-Based Risk Sharing System for Agricultural Lending) will be used as the disbursement machinery to make this tranche of money available to young people. This, it is hoped, will in turn enable young people to become sustainable employers of labour and contributors to Nigeria’s economic development.

The major objectives of the plan are to address fragmentation of youth initiatives that prevent assessment of impact, and to provide Nigerian youths with investment inputs required to build successful businesses.




An initial take-off seed capital of N12.5bn will be provided in the NIRSAL MFB window.

The plan is targetted at young people between the ages of 18 and 35 and details the needed action required to support business establishment, expansion and consequent employment creation for youths in critical economic and social sectors.

The fund will institutionally provide young people with a special window for accessing the funds, finances, business management skills and other inputs critical for sustainable enterprise development.

We'll keep you updated on any development in this regard. This, however, will be a good time for those within the age range stated above that are interested in business to start putting their plans together.

You can read the full framework below.

 

1.0          Introduction

The Nigerian Youth Employment Action Plan was developed by the Federal Ministry of Youth and Sports Development (FMYSD) as a built-in strategy to respond effectively to the youth employment challenge in Nigeria. The major objectives of the plan are to address fragmentation of youth initiatives that prevent assessment of impact, and to provide Nigeria youth with investment inputs required to build successful businesses that can become sustainable employers of labor and contributors to Nigeria's development.

The plan targets young people between the ages of 18-35 years and details the needed actions required to support business establishment, expansion and consequent employment creation for youth in critical economic and social sectors.

The Federal Executive Council on the 22nd of July, 2020 approved the sum of N75, 000,000,000.00 (seventy five billion naira) for the establishment of the Nigeria Youth Investment Fund for the period of 2020 - 2023 dedicated to investing in the innovative ideas, skills and talents of Nigerian Youth, and to institutionally provide our youth with a special window for accessing much needed funds, finances, business management skills and other inputs critical for sustainable enterprise development.

FMYSD is the lead implementation entity and is responsible for budgetary provisions and for funds mobilization.

2.0 Objectives of the Scheme

2.1 Improve access to finance for youth and youth-owned enterprises for national development;

2.2 Generate much-needed employment opportunities to curb youth restiveness.

2.3   Boost the managerial capacity of the youth and develop their potentials to become the future large corporate organizations.

3.0 Target

The NYIF aims to financially empower Nigeria youth to generate at least 500,000 jobs between 2020 and 2023.

4.0 Seed Capital

The NIRSAL MFB window shall be funded with an initial take-off seed capital of N12.5 billion.

4.1 Participating Financial Institution

The eligible participating financial institution for the Scheme is NIRSAL Microfinance Bank (NMFB).

5.0 Eligibility Criteria

5.1 Informal Business Enterprises (Individuals and Sole Proprietors)

A huge percentage of youth are engaged in the informal sector. Accordingly, the NYIF will facilitate the transition of informal enterprises owned by youth into the formal mainstream economy where they can be supported comprehensively, build a bankable track record; and be accurately captured as active participants in economic development. An eligible youth must fulfil the following conditions:




  • Be a youth within the age bracket of 18-35 years.
  • Have business/enterprises domiciled and operational in Nigeria.
  • Has not been convicted of any financial crime in the last 10 years.
  • Has a valid Bank Verification Number (BVN)
  • Possess Local Government Indigene Certificate.

5.2 Formal Business Enterprises (Youth Owned Enterprises)

These are enterprises that are legal entities duly registered with the Corporate Affairs Commission (CAC).

Documents Required:

  • Evidence of registration with Corporate Affairs Commission (Certificate of Incorporation and Form CAC 2A);
  • Business questionnaire;
  • List of Directors with BVN nos.;
  • Evidence of regulatory approvals (where applicable);
  •  Tax Identification Number (TIN).

Cooperative societies duly registered with the relevant government authorities and members of Commodity Associations that fall within the eligible age bracket are also eligible to participate.

5.3 Ineligible Applicants

Applicants currently enjoying NMFB loans, including the Targeted Credit Facility (TCF) and Agribusiness/Small and Medium Enterprises Investment Scheme (AgSMEIS) loans that remain unpaid are NOT eligible to apply. Beneficiaries of other government loan schemes that remain unpaid are also not eligible to participate.

5.4 Training

Applicants shall undergo a compulsory entrepreneurship training arranged or approved by the Federal Ministry of Youth and Sports Development.

5.5 Eligible Activities/Businesses

Legally allowed activities in the sectors or focal areas listed below shall be eligible:

  • Technology/ Innovation;
  • Agriculture and related value chain;
  • Green Economy and Renewable energy sector;
  • Manufacturing,
  • Hospitality/Tourism;
  • Construction;
  • Logistics and supply chain;
  • Healthcare value chain,
  • Creative sector and
  • Trading and Services.
  • Others as may be determined by NYIF/CBN from time to time.

However, preference shall be given to enterprises that will support the growth of priority sectors, specifically those identified by the Economic and Recovery Growth Plan ERGP and the Nigerian Youth Employment Action Plan.

6.0 Types of Facilities

6.1 Term Loan (for asset acquisition/improvement)

  • Individual (Unregistered business) Shall be determined based on activity/nature of project subject to the maximum of N250,000
  • Registered Businesses (Business name, Limited Liability, Cooperative, Commodity Association shall be determined by activity/nature of project subject to the maximum of N3.0 million (including working capital).

Note: Immovable assets acquired with the loan must be registered with the National Collateral Registry (NCR)

6.1.1 Tenor Maximum of 5 years depending on the nature of the business and the assets acquired.

6.1.2 Moratorium Moratorium of up to 1 year may be allowed depending on the nature of the business and the assets acquired.

7.0 Interest Rate

Interest rate under the intervention shall be at not more than 5% per annum (all inclusive).




8.0 Loan Application Procedure

8.1 Application Procedure

The MYSD will collaborate with relevant stakeholders to identify potential training for training/mentoring. The youths that are duly screened (and undergo the mandatory training where applicable) shall be advised to log on to the portal provided by the NMFB to apply for the facility.

8.2 Processing/Approval

Upon satisfactory appraisal of application, NMFB shall apply for release of funds in respect of approved individuals/enterprises from the NYIF and CBN.

Note: NMFB shall to conduct credit checks on applicants and those with unsatisfactory credit reports will be rejected.

9.0 Collateral Requirement

The NMFB will leverage on the General Standing Instruction (GSI) as collateral. Corporate guarantees will be acceptable where applicable.

10.0 Principal Repayment

Repayment shall be made on instalment basis by the beneficiaries to the NMFB according to the nature of enterprise and the repayment schedule/work plan provided and agreed at the application processing stage.

11.0 Equitable Participation

To ensure equitable participation and even access to finance by the youth across the country, applications will be batched according to State and Local Government Areas (LGA) of applicants. The Bank promotes gender parity, therefore the female entrepreneurs are encouraged to apply.

12.0 Project Management Office (PMO)

The Project Management Office shall be established by the Federal Ministry of Youth and Sports Development which will work with NIRSAL MFB on applicant screening, project monitoring and reporting, among others.

13.0 Monitoring and Reporting

There shall be joint monitoring of projects financed under the Scheme by the NMFB and PMO on periodic basis. Each party is to be responsible for the expenses incurred by its staff on such assignments. The Reports of the monitoring exercise shall be submitted to the CBN and the MYSD.

14.0 Responsibilities of Stakeholders

In order to achieve the desired objectives of the program, the responsibility of the stakeholders shall include:

15.0 The Central Bank of Nigeria

15.1 The CBN shall:

  • Serve as member of the Steering Committee of the NYIF;
  • Articulate clear guidelines for the implementation of the NIRSAL window of the NYIF;
  • Provide the seed fund as determined by FEC;
  • Provide technical guide/assistance as may be required from time to time.

15.2 Federal Ministry of Youth and Sports Development (FMYSD)

The Federal Ministry of Youth and Sports Development shall:

  • Serve as member of the Steering Committee of the NYIF;
  • coordinate the overall implementation, including sensitization, mobilization and monitoring of the programme;
  • establish the Project Management Office (PMO); iv. provide periodic progress report to the FEC.

15.3 Federal Ministry of Finance, Budget and National Planning (FMFBNP)

The FMFBNP shall:

  • Ensure the release of budgeted funds for the program
  • Ensure the payment of interest rate differential to the CBN, where applicable.
  • Participate in the activities of the program as may be required from time to time

15.4 NIRSAL Microfinance Bank (NMFB)

The NMFB shall:

  • Serve as the Managing Agent of the CBN contributions to the program;
  • Comply with the guidelines of the program;
  • Establish an online portal for loan administration of the CBN contribution and as may be decided by the FMYSD;
  • Collaborate with PMO in the implementation of the program v. Keep accurate records of all applicants in a format to be agreed with the PMO;
  • Prepare periodic reports to the CBN and FMYSD.




15.5 Beneficiaries

Beneficiaries shall:

  • Ensure prudent utilisation of funds;
  • Keep up-to-date records of their activities under the Scheme;
  • Make their books, records and projects available for inspection by the NMFB and PMO when required;
  • Comply with guidelines of the Scheme; and
  • Repay their loans as and when due.

For Enquiries, please contact:

Project Management Office,

Federal Ministry of Youth and Social Development

Federal Secretariat phase 2, Block D,

Central Business District, Abuja

Or

The Director,

Development Finance Department,

Central Bank of Nigeria, Corporate Headquarters

Central Business District, Abuja.

Source: https://www.proshareng.com/

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Guiness Nigeria Undergraduate Scholarship Scheme 2020 / 2021 Edition

Guinness Nigeria Plc is a major market for Diageo: Guinness Nigeria operates in the unique and fast growing alcohol industry of over 15mhl beer potential. It is the only company that does Total Beverage Alcohol (TBA) in Nigeria. It’s an on trade dominated market but with a fast growing off trade channel.

Applications are invited from suitable qualified students for:

Title: Guiness Nigeria Undergraduate Scholarship Scheme

Details

  • This scholarship supports Guinness Nigeria's commitment to implementing transformative schemes that foster youth development. The scholarship will provide full tuition for students who are currently studying in Nigerian Universities and polytechnics. Students from our host communities are encouraged to apply

Eligibility

  • Applications are open to students studying the following courses:
    • Engineering & Sciences: Mechanical, Electrical, Chemical, Lab Science, Microbiology, Bio-Chemistry, Marketing and Sales. Human Resources/Insudstrial and Labour relations and Accounting.
  • Candidates must be 1st or 2nd year student in Nigeria Universities or Polytechnics.

Selection Criteria

  • Candidates may be required to write an aptitude test
  • Shortlisted candidates may be required to provide a letter of introduction from the Chairman or their Community Development Associations where applicable

Application Closing Date
16th November, 2020.

Method of Application
Interested and qualified candidates who meet the above selection criteria should send the following details below to: info.gn@diageo.com

  • Full Name
  • University / Polytechnic
  • Matriculation Number / Year of Study
  • Home Town / Local Government Area / State of Origin
  • Phone Numer / E-mail
  • Scanned copy of student ID card or Admission Letter

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