The Graduate Entrepreneurship Fund (GEF) is a special N2 billion empowerment programme for serving members of the National Youth Service Corps (NYSC)which was launched on October 5, 2015. This GEF scheme which is a joint initiative of the Bank of Industry (BOI) and the National Youth Service Corps(NYSC) and AGDC, has the following objectives:
Encourage graduates of tertiary institutions currently undergoing the compulsory one-year NYSC programme, to venture into business and become employers of labour rather than job seekers.
Address the entrepreneurship capacity gap o the NYSC members who are expected to produce bankable business plans after the three-day capacity building programme.
Deepen financial inclusion by de-risking the NYSC members and making them eligible for concessional loans ranging between N500,000 and N2 million to be provided by BOI.
Ensure sustainability of the businesses of the eventual loan beneficiaries through effective monitoring by the NYSC Directorate, BOI and AGDC.