Are you a serving member of the Nigeria Youth Service Corps (NYSC)? The NYSC BOI Loan Application Form Portal for 2025 is now open for application. The NYSC–BOI Loan Scheme empowerment initiative, introduced by the National Youth Service Corps (NYSC) in partnership with the Bank of Industry (BOI), is designed to help youth entrepreneurs turn their business ideas into reality.
The programme provides convenient financing for viable small businesses, allowing Corps Members to move from skills acquisition to real entrepreneurship by offering accessible funding, mentorship, and post-loan support.
Who is Eligible for the NYSC–BOI Loan Application Form?
To qualify for the loan, applicants must meet the following criteria:
- Must be a serving Corps Member
- Must apply through an NYSC SAED channel (State, Zonal, or Headquarters)
- Must have participated in SAED entrepreneurship training during or after the orientation camp
- Must have completed at least three (3) months of service
- Must upload proof of entrepreneurship or financial literacy training from SMEDAN, BOI, or any accredited NYSC partner
How to Apply for the NYSC–BOI Loan
Follow the steps below to begin your application:
- Visit the SAED Portal through the official NYSC link: https://portal.nysc.org.ng/nysc1/ResumePayment.aspx
- Log in using your NYSC credentials
- Click “SAED Registration”
- Fill in the required details correctly
- Upload a business plan in PDF format, clearly showing:
- Profitability
- Sustainability
- Job creation potential
- Submit your application for review
Eligible Business Sectors
The NYSC–BOI Loan is available for startups and small businesses in the following fields:
- Agro-processing and Agriculture
- Manufacturing and Production
- ICT & Digital Services
- Fashion, Beauty & Creative Industry
- Renewable Energy Solutions
- General Services
Business & Regulatory Requirements
To improve your chances of approval, ensure that your business:
- Is registered with the Corporate Affairs Commission (CAC)
- Meets tax compliance guidelines
- Has required certifications where necessary (e.g., NAFDAC, SON)
Benefits of the NYSC–BOI Loan
This loan scheme is more than just financial support—it is a comprehensive empowerment package that helps you grow from an idea to a thriving enterprise.
- Access to affordable funding
- Capacity building and mentorship
- Opportunity to start or scale a business
- Job creation and self-reliance
- Smooth transition from NYSC to entrepreneurship
Why Corps Members Should Apply
Instead of waiting for employment after the service year, this loan scheme empowers you to become a job creator. With the right business plan and SAED certification, Corps Members can build long-term financial independence and make meaningful contributions to national development.
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