The Director General, Maj.-Gen. Shuaibu Ibrahim, has said the National Youth Service Corps (NYSC) remitted over N1 billion into the Federation Account in 2021.
Ibrahim therefore, persuaded the Federal Government to grant approval for the establishment of the NYSC Trust Fund for the benefit of corps members.
The Bill on the proposed NYSC Trust Fund has passed the second reading at the House of Representatives.
The NYSC chief said the trust fund, if actualised, would reinvigorate the NYSC Skills Acquisition and Entrepreneurship Development (SAED) programme.
He added, “It will empower more corps members with start-up capitals for their business initiatives at the end of their service year.
“This will in turn lift millions of Nigerians out of poverty, given the fact that the businesses to be established will employ millions of Nigerians, thereby taking them off the labour market.”
