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NYSC DG VISITS HOSPITALIZED CORPS MEMBERS IN ILORIN

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The NYSC Director-General, Brigadier General Shuaibu Ibrahim has visited four Corps members on admission at the University of Ilorin Teaching Hospital (UITH), Kwara State, following their involvement in a road traffic accident.

The accident occurred along Mokwa Road while the victims were on their way to NYSC Orientation Camp for the 2021 Batch ‘A’ Stream One Orientation Course.

Ibrahim commiserated with the Corps members and prayed God to grant them speedy recovery.

While commending them for their patriotic zeal as demonstrated in their prompt response to the clarion call, he assured them that Management would continue to accord their welfare the deserved attention.

He thanked the Management of the UITH for the timely and quality treatment given to the Corps members.

The Chairman, Medical Advisory Committee of the Hospital Dr. L. O. Odeigah, who conducted the Director-General round the wards, explained that the Corps members were responding to treatment, adding that they would continue to receive the best care possible in the facility.

The Director-General was accompanied by his wife, Mrs Martina Ibrahim, and the NYSC Kwara State Coordinator, Mrs Fransisca Olaleye.

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Youth Ministry Clears Doubt On NYIF Disbursement

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Joel Ajayi

The Ministry  of Youth and Sports Development  has cleared doubts about the disbursement  of the Youth Investment fund,  assuring that it is being  done in phases.

In a press statement issued on Monday in Abuja by the Director of Press for the Ministry of Youth and Sports Development Muhammed Manga stated that, the Ministry has been following with interest the reaction of some beneficiaries of the Nigeria Youth Investment Fund (NYIF), particularly those expressing disappointment at the N300,000.00 cap on disbursement under the first tranche of N12.5 billion.

According to the statement firstly, the framework specified 250k as the maximum for individual and eligible businesses that are critical can access up to 3m subject to meeting key criteria set in the guideline and conditions.

“Considering the number of applications received, there was need to ensure spread and enable more beneficiaries enjoy the facility.”

The statement further stated “It  is pertinent to state that the Ministry received over three million applications for the N12.5 billion that is available; and at the current cap of N300,000.00 per beneficiary, only about 41,000 beneficiaries can be covered. 

“The Ministry is desirous of reaching as many beneficiaries as possible,  hence the decision to limit loans to the current amount.

“We also  know that some of the applicants have also benefitted from existing intervention, which has supported them and are impacting the economy.

“It is important we start and increase gradually, considering that there are lots of first-time borrowers as well and that the programme double edge, which includes capacity building, mentoring, monitoring and support will sustain the beneficiaries and guarantee expected outcome. Higher loan thresholds would be possible once additional funds are available”.

The Ministry re -affirmed that NYIF is not a grant, but a loan targeted at supporting the youth to start small businesses or to inject funds into existing small businesses.

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