Therefore, organizations like the World Bank, Africa Development Bank, Bank ofIndustry and many others are providing funding, especially suited to meet the needs of these businesses. He then started his fish farming business solely from funds disbursed from the Graduate Entrepreneurship Fund which he qualified for. He feels the impact provided by the BoI fund is enormous. However, he feels the interest rate of the graduate entrepreneurship fund should be reduced to 5% because of the harsh economic situation in the country. The Graduate Entrepreneurship Fund is an initiative of the Bank of Industry to empower Nigerian youths to become self-reliant and sufficient upon the completion of the mandatory NYSC scheme.

Source: The Guardian November 21, 2017 04:18 UTC