• Thursday, March 28, 2024
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NYSC establishing trust fund to address infrastructural deficit, empower Corps members – Official

Corpers scout for extra jobs to cope with cost-of-living crisis

The National Youth Service Corp (NYSC) says it is establishing a Trust Fund to address the infrastructural deficit besetting the Scheme and empower corps members trained under its skills acquisition programme to start up their businesses.

Authorities of the NYSC said this on Friday while debunking reports that the Fund is being secretly pushed by top military officers to steal their retirement package.

“Primarily, the Fund is purposed to address the infrastructural deficit besetting the Scheme in the area of camp renovation and maintenance; upgrading, building and maintenance of Corps Members’ Lodges, among others,” the organisation said in a statement signed by its spokesperson, Eddy Megwa.

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“The decision to establish NYSC Trust Fund was conceived during a meeting held with some of the Scheme’s stakeholders; notably: the thirty-six State Governments and FCT Administration; and thereafter strongly supported by civil societies, National Association of Nigerian Students (NANS) as well as Association of Local Governments of Nigeria (ALGON).

“Over the years, the Scheme has equally partnered governmental and non-governmental institutions in the area of providing start-up capitals to Corps Members to fund their business initiatives under the NYSC Skill Acquisition and Entrepreneurship Development programme which is a direct answer to the often asked rhetorical question: After the NYSC what next?,” the statement added.

The NYSC further clarified that the Fund which passed public hearing, with civil societies, the academia, among others, fully represented is not a pool of slush fund meant to gratify the financial cravings of top military officers.