Senate Passes NYSC Trust Fund Bill Into Law

A bill seeking to establish the National Youth Service Corps (NYSC) Trust Fund, has been passed into law on the floor of the Senate.

Sponsored by a senator, representing Ekiti South and Chairman, Senate Committee on Media and Public Affairs, Yemi Adaramodu, the bill, among others, seeks to provide a sustainable source of funds for the NYSC, skill acquisition, training and empowerment of corps members, training and retraining of the personnel of the scheme, development of camps and NYSC formations and facilities.

Adaramodu, while presenting the lead debate on the bill, declared it would help make graduates acquire skills under the Skill Acquisition and Entrepreneurship Development (SAED) programmes.

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He noted that the NYSC Trust Fund Bill would ensure the development of corps members and improve the welfare and personnel of NYSC.

He said: “The decision to establish the National Youth Service Trust Fund was conceived by some of the stakeholders, including the 36 state governments and the Federal Capital Territory administration. The idea to establish the trust fund was also strongly supported by the civil society organisations.”

Speaking with newsmen after plenary on the strategic importance of the bill, the Senate spokesperson, expressed hope that if signed into law, the NYSC Trust Fund would not be subjected to abuse like other existing social interventions programmes.