FG Launches N10bn Youth Entrepreneurship Support Programme

Minister of Trade, Industry and Investment, Dr. Okechukwu Enelamah on Thursday officially inaugurated the Bank of Industry (BoI)’s N10billion-Youth Entrepreneurship Support (YES) scheme, aimed at developing theentrepreneurial capacity of youths and providing start up loans at concessionary interest rates to executive their business plans.The scheme will allow each of the eligible beneficiaries to access a maximum of N5 millionloan for the procurement of machinery and equipment, including working capital.The loans are to be accessed at asingle digit interest rate of 9 per cent, with a tenor of three to five years, inclusive of a six-month moratorium, the minister explained.Enelamah said the initiative would help create and expand about 1,200 enterprises promoted by Nigerian youths nationwide.He said:”The YES scheme that is being launched today, therefore provides an opportunity for the BoI to address the worrisome phenomenon by developing the capacity of the youths with a view to ultimately funding their business plans, aimed at equipping them to be self-employed by starting and managing their own businesses as well as eventually becoming employers of labour.”Noting that Micro Small and Medium Enterprises (MSMEs) are critical bedrock of any economy wishing to develop, he said about 1.8 million young Nigerians enter the already saturated labour market on annually.He said the new scheme is expected to create a minimum of 6,000 direct jobs and 30,000 indirect jobs yearly.Also speaking at occasion, acting Managing Director, BoI, Mr. Rasheed Olagunju said the key objectives of the initiative areto create an interactive learning platform to train young aspiring entrepreneurs in Entrepreneurship, Business Management and Technical Skills that will ultimately translate into improved efficiency and productivity, as well as rekindle the entrepreneurial spirit of youths and act as an incubation centre where business ideas are nurtured to their full potential.He said the YES scheme further aims to entrench global best practices by inculcating a cultureof innovation-driven entrepreneurship and ethics in the participants, promote self-employment among graduates of tertiary institutions, and deepen financial inclusion by de-risking the young aspiring entrepreneurs and making them eligible for small business loans.He said contrary to the conventional loan requirement plan, the latest initiative has a liberal collateral requirements, including NYSC certificates, approved guarantors among others.He said:”The collateral requirements for the loan are as follows: Debenture over the assets of the company or specificcharge over the equipment (present and future); Deposit of original NYSC certificate and higher educational certificate (Ordinary National Diploma, Higher National Diploma or University Degree) with BOI. Thiswill be subject to the certificate being certified by Background Check International (BCI).He added that beneficiaries would need to provide two external guarantors acceptable to BoI who must belong to any of a Senior Civil Servant (Level 12 and above who should not be more than 53 years old or not more than 28 years in service (whichever comes first); Bankers (not below the level of Assistant Manager) and must have been confirmed by current employer.
Source: http://www.thisdaylive.com

Nigerian Police Academy Application Into 4th Regular CourseDegree Programme 2016/2017

Nigerian Police Academy Application Into 4th Regular Course Degree Programme 2016/2017
This is to inform the general public that the sale of online application forms for admission into the 4th Regular Course of degree programme of the Nigeria Police Academy, Wudil, will commence on Wednesday 16th March, 2016 and end on Friday the 17th June, 2016. Admission into the Academy is open to both male and female Nigerians of good character.
METHOD OF APPLICATION2. Interested Applicants are advised to go to the Nigeria Police Academy’s Website:www.polac.edu.ng in order to obtain or generate Remita Retrieval Reference (RRR) Code. The RRR code obtained can be used to make payment of N3,000.00 through any commercial Bank Branch in Nigeria. Applicants must, in addition, apply through the Joint Admissions and Matriculation Board as well as sit for the Unified Tertiary Matriculation Examination (UTME).Candidates need not select the Police Academy as a university of choice in the JAMB form. However, only candidates who obtained the minimum UTME scores which is to be determined by JAMB and purchased the Academy online application form; will be eligible to sit for the Nigeria Police Academy Selection Examination.            SUBMISSION OF APPLICATIONS
Applications are to be submitted online. On submission of the applications, candidates are required to download Acknowledgement Form. Candidates who obtained the minimum national cut-off marks or above, will be enabled to download and print their examination cards.
COURSES OF STUDY
Courses leading to Bachelor’s degrees in the following disciplines are available in the Academy:a.
FACULTY OF HUMANITIES. BA in:
English
Nigerian Languages & Linguistics
History & International Studies.
FACULTY OF LAW: LLB. FACULTY OF SOCIAL AND MANAGEMENT SCIENCES: BSc in:
Accounting
Economics
Management Sciences
Political Science
Psychology
Sociology.
FACULTY OF SCIENCE: BSc in:
Biochemistry
Biological Sciences
Chemistry
Computer Science
Forensic Science
Mathematics
Physics
ADMISSION REQUIREMENTS. The following are the admission requirements:
Candidates seeking admission into the Academy must be Nigerian citizens and must be between 17 and 22 years of age, and must have a height of not less than 1.67 Metres (5 Feet 6 Inches) if male, and 1.62 Metres (5 Feet 4 Inches) if female. In addition, male candidates must have an expanded chest size of not less than 91cm (36Inches). All candidates must be free from any physical deformity or mental disability.
Candidates must have obtained a minimum of SIX (6) credits at the Senior Secondary School certificate examination (SSCE) conducted by the West African Examinations Council (WAEC), the National Examinations Council (NECO) or the National Business and Technical Examinations Board (NABTEB) at not more than 2 sittings and including a credit pass in English Language and Mathematics as well as subjects relevant to the candidate’s chosen course of study in the Academy. Candidates must also obtain satisfactory scores in both the written examination and the interview and must pass physical and psychological tests of fitness.d. SSCE STATEMENT OF RESULTS OR CERTIFICATES RELATING TO EXAMINATIONS TAKEN BEFORE 2012 WILL NOT BE ACCEPTED.
SELECTION EXAMINATION DATE, CONDITIONS AND REQUIREMENTS. The Nigeria Police Academy, Wudil Selection Examination, may be Computer Based Test (CBT) or Pencil and Paper. The examination shall comprise of a General Paper (Section A) which is compulsory for all candidates. It will cover areas such as general knowledge and current affairs, English Language and Mathematics. Other sections are to be selected according candidate’s Faculty of choice. It will be conducted on Saturday the 16th July, 2016.Only candidates who obtained the minimum national cut-off marks or above will be eligible to sit for the Nigeria Police Academy Selection Examination at 12 designated Centres. The list of Centres is in the Academy Website. Eligible candidates are to bring along to the examination venue their Acknowledgement Form, Examination Card, JAMB Result Slip and two Postcard size photographs (3.5x5 Inches) which should show only from the chest upwards. At the back of each of the two Postcard size photographs, the candidates must write their name, State of origin, examination centre and signature.7. Only candidates who are successful in the Selection Examination will be invited for the Nigeria Police Academy Selection Board Interview. The list of successful candidates will be published on our website and in some national newspapers.   NATURE AND DURATION OF COURSE.
Candidates admitted into the Nigeria Police Academy, Wudil degree course will undergo a combined academic and Police training for a minimum period of Five (5) Years leading to Bachelor’s degrees and commission into the Nigeria Police Force as Assistant Superintendent of Police (ASP).POLAC EXAM CENTRES LIST OF EXAMINATION CENTRES.
1. Kano - Nigeria Police Academy, Wudil
2. Kaduna - Police College, Kaduna
3. Enugu - Police Detective College, Enugu
4. Abuja - National Universities Commission, Auditorium
5. Minna - Police Secondary School, Minna
6. Jos - Police Staff College, Jos
7. Bauchi - Police Training School, Bauchi
8. Maiduguri - Police College, Maiduguri
9. Lagos - Police College, Ikeja
10.Ibadan - Police Training School, Ibadan
11.Port Harcourt - Police Secondary School, Port Harcourt
12.Owerri - Police College, Owerri
SELECTION EXAMINATION COURSES SELECTION EXAMINATION.
The name of the examination should continue as SELECTION EXAMINATION.
2. The Examination shall assume the following pattern:
i. SELECTION A: General paper - compulsory for all candidates (Weighting, 40%). Other sections, (only one section to be answered by candidates based on Faculty of choice (weighting 60%).GENERAL PAPER AND ANY OF THE FOLLOWING 3 SUBJECTS
ii. SECTION B:
FACULTY OF HUMANITIES:
Government/History
Economics
Literature in English
iii. SECTION C: FACULTY OF LAW
History/Government
IRS/CRS
Literature in English
iv. SECTION D: FACULTY OF SCIENCE:
Biology
Chemistry
Physics
v.SECTION E: FACULTY OF SOCIAL AND MANAGEMENT SCIENCES:
Government
Economics
Principle of Accounts/Commerce