A Bill for an Act to establish National Youth Service Corps Trust Fund (NYSCTF) has passed second
reading in the House of Representatives.
The Bill which seeks to provide a sustainable source of funds for National Youth Service Corps (NYSC)
was sponsored by Rep. Akinfolarin Mayowa (lOndo) at the plenary on Thursday.
When eventually passed, the bill seeks adequate funding of serving corps members and as such, save
them of endless search for government jobs.
He said that the aim was to support skill acquisition, training and empowerment of corps members as
well as training and retraining of the personnel of NYSC.
The Rep said that the funds will also support the development of camps and NYSC formations and
facilities therein and for related matters.
Mayowa said that the House will have an everlasting impact on job creation and empowerment of
thousands of Nigerian youths.
According to him, the early years of the establishment of NYSC, the scheme has been able to carry out
diligently its objectives under the National Youth Service Corps Act.
He said that the management of the scheme has not only trained, equipped and empowered corps
members enrolled under the scheme alone, but has also instilled patriotism and the spirit of nationalism
in corps members.
He said that introducing NYSCTF Bill will complement the activities of the scheme and further help in
promoting the spirit of self-reliant and entrepreneurship among the corps members through the Trust
Fund.
“Corps members and supporting staff would be trained and introduced to various skills which would
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 Mr. President.
“It will reduce the negative impact of COVID-19 in our economy and provide job creation for our youth;
in view of the effort currently being made by the Federal Government of Nigeria to diversify the
Nigerian economy, and considering the passion and willingness of the House in reducing-poverty, I
therefore, urge you, Mr. Speaker and respected Colleagues to support that the bill be read for the
second time, and refer to relevant committee of the house for further legislative actions,” he said.
In his ruling, the Speaker of the House, Representatives, Femi Gbajabiamila referred the bill to the
relevant committees of the House for further legislative action.
