Bill To Establish NYSC Trust Fund (NYSCTF) Passes 2nd Reading

We are glad to inform the public that a bill for an Act to create a National Youth Service Corps Trust Fund (NYSCTF) has passed the second reading in the House of Representatives.

The NYSC Trust Fund bill which sought to provide a sustainable source of funds for the National Youth Service Corps (NYSC), was sponsored by Hon. Akinfolarin Mayowa (APC Ondo) at plenary on Thursday.

According to Mayowa, the aim was to support skill acquisition, training and empowerment of Corps members, as well as training and re-training personnel of NYSC. He explained that the funds would also support the development of camps and NYSC formations and facilities therein and for related matters.

He added that the house would have an everlasting impact on job creation and the empowerment of youths. He recalled that in the early years of the NYSC establishment, the program was able to carry out its objectives under the National Youth Service Corps Act.

The Rep said the management of the program had not only trained, equipped and empowered Corps members registered under the scheme, but had instilled patriotism and the spirit of nationalism in Corps members.

Mayowa said that introducing NYSCTF Bill would complement activities of the scheme and further help the spirit of entrepreneurship among the Youths through the Trust Fund.

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“Corps members and supporting staff will be trained and introduced to various skills which will make them establish a self-sustained business after the mandatory service year.

“My colleagues and I have sincerely considered the significant role this bill will play if passed by this honourable house and assented to by President Muhammadu Buhari.

“It will reduce the negative impact of COVID-19 in our economy and provide job creation for our youths,” he said.

Meanwhile, he urged the Speaker and other lawmakers to support that the bill be read for the second time and referred to the relevant committee of the house for further legislative actions.

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Mayowa said the call had become imperative in view of the effort currently being made by the government to diversify the economy, and considering the passion and willingness of the house in reducing poverty.

The Speaker, Rep. Femi Gbajabiamila, consequently referred the bill to the relevant committees of the house for further legislative actions.

Source: Nyscinfo

Updated: January 21, 2022 — 12:16 pm

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