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CBN To Train Corps Members On Self-Employment

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The Central Bank of Nigeria (CBN) has expressed willingness to provide further opportunities of self-employment for Corps members through its skill acquisition training.

CBN Governor, Mr Godwin Emefiele, gave the assurance when the Director-General of the National Youth Service Corps, Brigadier General Shuaibu Ibrahim paid him a courtesy visit in his office.

Emefiele, who stressed the need for sustained efforts at reducing the rate of unemployment, said interested Corps members could attend the CBN entrepreneurship training centres to acquire skills in various vocational areas for economic survival at the end of the National Service instead of waiting for white collar jobs.

Such arrangement, he added, would empower Corps members for the establishment of small and medium enterprises, and contribute to the growth of the economy.

The   CBN Governor explained that upon completion of training,   beneficiaries would benefit in kind from working tools and support for renting of business offices or workshops, the cumulative value of which represents a loan that would be repaid within seven years with a two-year moratorium.

He recalled that an earlier programme, the Youth Entrepreneurship Development Programme,   was launched by the Bank in 2016 to serve as a springboard for the empowerment of Corps members and other youths for self-employment and wealth creation.

Emefiele assured that the CBN National Microfinance Bank would also support interested Corps members in business financing.

He used the occasion to advocate patronage of the Nigerian textile industry, which he described as the largest employer of labour in the country in the 1990s, as a way of providing more jobs for Nigerians and further developing the economy.

Earlier,   the Director-General of NYSC,   Brigadier   General   Shuaibu   Ibrahim, praised the CBN for its development finance programmes, noting that the Scheme enjoyed robust collaboration with the Bank in the area of empowerment of Corps entrepreneurs.

Shuaibu said NYSC remained determined to complement the efforts of the Federal Government in stemming the tide of youth unemployment; hence the reinvigoration of the   Scheme’s   Skill Acquisition and Entrepreneurship Development programme remained one of the top priorities of his administration.

He, therefore, sought the support of CBN for the Scheme through the provision of more zonal skills acquisition centres of the type constructed and equipped for the North East in Gombe with the support of Access Bank.

The Director-General also requested the support of the CBN in the provision of modern equipment for the NYSC farms located in various parts of the country and the Scheme’s garment factories, which all served as training grounds for Corps members.

Shuaibu congratulated the CBN Governor on his reappointment and wished him success in the discharge of his responsibilities.

 

 

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Enthusiasts Praise Ghana’s Meteoric Progress at African Games, Sport Minister Applauded for Visionary Leadership

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Ghana’s remarkable ascent in the African Games has sparked widespread acclaim from sports enthusiasts and stakeholders alike. The nation’s stunning leap from 15th place in the previous edition to an impressive 6th place in 2024 has captured the attention of the sports community, highlighting Ghana’s burgeoning potential and the transformative leadership of its Minister of Youth and Sports Development, Mustapha Ussif.

Under Minister Ussif’s visionary leadership, Ghana’s sports industry has undergone a profound renaissance, marked by unprecedented achievements in grassroots development and infrastructure growth. The Minister’s strategic initiatives have not only revitalized the sporting landscape but have also positioned Ghana as a beacon of excellence on the African continent.

The recent success at the African Games is a testament to Ghana’s commitment to fostering talent at all levels. Through innovative programs and investments in youth development, Minister Ussif has cultivated a fertile environment for nurturing emerging athletes, paving the way for their seamless transition into senior sports teams.

Furthermore, Ghana’s hosting of the African Games in 2023 underscores the nation’s dedication to expanding its infrastructure base and solidifying its status as a regional sports hub. The prospect of hosting this prestigious event not only promises to elevate Ghana’s profile on the international stage but also presents unparalleled opportunities for economic growth and societal advancement.

Speaking on Ghana’s remarkable achievement, Minister Mustapha Ussif expressed his gratitude to all stakeholders and affirmed his commitment to further advancing the nation’s sports agenda.

He stated, “The remarkable progress we have witnessed at the African Games is a testament to the collective efforts of our athletes, coaches, administrators, and supporters. I am immensely proud of what we have accomplished together, and I am confident that Ghana’s journey to sporting excellence has only just begun.”

On the eve of the closing ceremony alone, Ghana clinched eight gold medals, winning the ultimate prize in women’s hockey, 200m men’s athletics event, high jump, men’s football event, and four boxing gold medals in boxing. All in one night.

Ghana also made history by becoming the first country to win god in both men’s and women’s football events at the Games.

The closing ceremony of the Games saw star performances from star acts such as Stonebwoy, Stanley Enow, Wiyaala, Innoss’B, amongst others.

As Ghana continues its upward trajectory in the realm of sports, the nation stands poised to achieve even greater milestones under the visionary leadership of President Nana Akufo-Addo and Sports minister, Mustapha Ussif.

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