Director General of the National Youth Service Corps (NYSC), Maj.-Gen. Shuaibu Ibrahim has confirmed that the service remitted over N1 billion into the Federation Account in 2021.
Ibrahim, who urged the Federal Government to grant approval for the establishment of NYSC Trust Fund for the benefit of corps members.
The Bill on the proposed NYSC Trust Fund has passed the second reading at the House of Representatives.
The NYSC boss said the trust fund, if actualised, would reinvigorate the NYSC Skills Acquisition and Entrepreneurship Development (SAED) programme.
“It will empower more corps members with start-up capitals for their business initiatives at the end of their service year.
“This will in turn lift millions of Nigerians out of poverty, given the fact that the businesses to be established will employ millions of Nigerians, thereby taking them off the labour market,” he added.