The National Youth Service Corps (NYSC) has justified its proposed trust fund for all Corps members nationwide, noting that the fund, if established, will help in actualising President Buhari’s vision of lifting 100 million Nigerians out of unemployment before the next 10 years.
NYSC scheme, which was created in 1973 to promote national cohesion and integration, said it had trained over 500,000 Corps members in different Agro-allied, skill development and vocational programmes, and facilitated N1.184 billion for those who took part in the scheme in the last decade.
The NYSC Director on Special Duties, Alhaji Musa Abdullahi said this during a session with newsmen. He said that no fewer than 500,000 Corps members had trained and empowered under its Skill Acquisition and Entrepreneurship Development (SAED).
Abdullahi said the NYSC Director-General, Brig. Gen. Ibrahim Shuaibu, had proposed the establishment of NYSC Trust Fund to serve as a strategy to help actualise Buhari’s vision of lifting 100 million out of poverty.
Nyscinfo.com learnt that the National Youth Service Corps has diversified its approach from career advisory to entrepreneurship development as its contribution to reducing the high rate of poverty and unemployment in Nigeria.
Abdullahi explained the centrality of the ongoing establishment of Skills Acquisition Centre in all geopolitical zones in the country, to raise an army of entrepreneurs, who he believed would deploy their entrepreneurial potential for national development.
He noted that it was on this ground that the NYSC DG had proposed to establish a trust fund to equip corps members with requisite skills they need for value addition and financially empower as they are completing their national services.
The NYSC Director said the trust fund will also provide resources for the training and empowerment of corps members, especially on skill acquisition and entrepreneurship development when established, noting that the strategy will end poverty as the president has envisaged to lift 100 million out of poverty by 2030.
Also, he revealed that successful partnership initiatives with funding institutions such as the Bank of Industry (BOI) and the CBN would provide start-up capital for Corps entrepreneurs.
To actualising the plan, Abdullahi said the General Electric and Cognity Advisory Nigeria, among others, had trained 40 SAED Officers on entrepreneurship.