Nairametrics| The Bank of Industry (BoI) has announced a reduction in the interest rates paid by National Youth Service Corp members from 9% to 0%. This is under the aegis of its Graduate Entrepreneurship Fund (GEF) programme.
Snippets
- Zero interest rates on loans commences May 1, 2017
- Successful beneficiaries of the loan will only pay the principal amount.
- The scheme is currently in its second edition.
- It is currently on the second edition having made over N262.9 million disbursements to 177 successful candidates.
- The 177 candidates who already received loans, will only have to pay interest accrued up to April 30, 2017.
- They will thus not need to pay any interest on loans from May 1, 2017.
What were they thinking before?they have been told this how to happen to Nigeria and Nigeria economy if you want to gets things done ? damn then damn them,they have been told to implement a homegrown dollar bond about 2yrs ago,now they want to borrow 30 billion from China.
To hell with this govt.in a few months president Buhari will loses full authority,when he comes back.if he ever comes back,it maybe his coffin,the man is facing multiple organ failure.i.e his death.let him gets the best treatment in London or rather we will see how his doctor is treating him.
the current joke in Nigeria is president buhari is being carried off the match in a stretcher, with baba obj leading and carrying buhari stretcher, and ibb behind carring the back side of the stretcher,and abusalami encouraginging them, with president buhari asking them “let me finishes this match”