The House of Representatives is poised to debate a bill aimed at ensuring sustainable funding for the National Youth Service Corps (NYSC), with a focus on skill acquisition and empowerment for corps members. The bill, titled *The NYSC Trust Fund (Establishment) Bill 2024*, was introduced by the lawmaker representing Nasarawa/Toro Federal Constituency and seeks to create a legal framework for managing an intervention fund.
The bill outlines a proposed Trust Fund that will include 0.2% of the total revenue from the Consolidated Revenue Fund, along with grants, donations, and funds from international agencies and the private sector. These funds will be dedicated to improving the training, skill acquisition, and empowerment of corps members, as well as enhancing the efficiency of NYSC operations.
Key provisions of the bill include funding for NYSC personnel training, procurement of operational materials, and development of orientation camps. A Board of Trustees, consisting of representatives from various sectors, will oversee the fund’s administration and ensure it aligns with the NYSC’s objectives.
The bill’s introduction aims to address the growing need for sustainable financial support to improve the operational capacity and impact of the NYSC, ultimately enhancing the skillset of Nigerian youth for better employment opportunities.
