BOI YES PROGRAMME, A BIG DECEIT,A WASTE OF PRECIOUS TIME

 

 

Six month after the commencement of the YES programme by BOI,not one person has benefited the time invested to this initially promising scheme even after getting to the final stage (Plan Approval). NOT ONE!

The YES programme has successfully wasted the precious times of young entrepreneurs who initially thought BOI YES_P would be their stepping stone to a greater future.BOI lied to these young ones,cajoled them to sign up for the programme,hide key terms of the

loan and allowed these helpless youths to commit their time,resources energy,intellect for 60 solid days in online training from AMI ( A good exposure I must say) and a week in class training.

My major problem with BOI is this: why must you lie and lure thousands of youth to sign for the YES programme when you know that there are other terms and conditions you never disclosed initially to these youths until they have reach the final stage before telling them? Why? Is it because you knew if you told them early enough,many won't join the scheme because you also know only 1-2% of these entrepreneurs can meet such stringent conditions. It therefore means BOI actually lied to these youths on the loan conditions.

To our great youth, whether you have started or not, there is one condition(A major condition) BOI never told you during the training but will inform you only when your plan is approved and I doubt many will meet such condition in time. YOU MUST PRODUCE 2 GUARANTORS WORTH 5M(depending on how much you want) EACH AND THEY MUST BE READY TO SWEAR A NOTARISED AFFIDAVIT AND DROP THE RECEIPT OF THEIR ASSET. BOI only told us our certificate is our security not this. But this is what they will tell you after your plan is approved. I have been there hence LISTEN!

Unfortunately for me, I can't meet such stringent conditions of 5m worth of each guarantor. I was ready to drop my certificate but this I can't, after much investment into this programme. I know many are like me,BOI deceived us into this programme but what can we do? How many young entrepreneurs can meet this conditions? I strongly want to call on the FG to do something similar to YOUWIN because we have sincere youths out here who are ready to contribute their quota into our economy but they need support not one as stringent as BOI YES programme.

To BOI, i thank you for my time you have wasted,the training but I will strongly advise you from henceforth to come out plain with the true conditions from day one and not cajol our youths into your failed YES programme with half truth. Have you asked yourself why not one person across the nation have benefited from this YES after 6month of over 2400 finished online training. I will advice you maintain the certificate as security because it will be easily met by sincere youths than the 5m each,2 guarantors, If truely the goal of your YES programme is to assist young entrepreneurs,contribute to the economy and take people out of poverty. Right now,You ain't different from commercial banks, why do I need to waste my time with you if I have such guarantors in the first place. Only 1_2% out of 1200 from every batch will finally make that loan conditions defeating your aim of setting up such programme. So,please think and think again on your conditions as many youth are already frustrated with your emergency post approval condition.

To our youths, I must commend our courage,we have really endured this country despite the frustration everyday and everywhere. My encouragement to you all is to keep up fighting and looking out for better deals and grants. For those who will fully meet the requirements,i congratulate you in advance and enjoin you to do your best to contribute your quota to our economy as required by the programme. We must not give up as entrepreneurs,if YES don't work out,another will work and better. For all your time and resources spent,take consolation in the AMI and in-class training which is truely rich and loaded. You must not give up on yourself and Nigeria,no matter the outcome of your YES application.

I have written all these to actually report what is going on that many are not yet privy to. This will help you prepare ahead and gather enough strength to carry on.This is also aimed for BOI to see the extent of damage that will be done to many of these great young entrepreneurs because of their initial lies.

BOI YES programme is actually a waste of my precious time and resources because I have invested my all to it with nothing to show after 6 month in the programme.

Shukuriya.

Adisa