BREAKING: Jubilation as Tinubu’s Govt Wants to Empower 5000 NYSC Members with N10 Million Each

BREAKING: Jubilation as Tinubu’s Govt Wants to Empower 5000 NYSC Members with N10 Million Each

  • No fewer than 5,000 members of the National Youth Service Corps (NYSC) will be empowered with N10 million each
  • The minister of youth development, Dr Jamila Ibrahim, disclosed this in Abuja on Monday, May 13
  • Ibrahim explained that the empowerment programme is to fund NYSC members' entrepreneurial ventures after the completion of their service

Legit.ng journalist Adekunle Dada has over 5 years of experience covering basic and tertiary education in Nigeria and worldwide

FCT, Abuja - President Bola Ahmed Tinubu-led federal government has announced plans to empower at least 5,000 National Youth Service Corps (NYSC) members with N10 million each.

The empowerment programme is to fund the corps members' entrepreneurial ventures after they complete the NYSC scheme.

FG to empower 5000 NYSC members with N10 million each
The fund is to fund their entrepreneurial ventures after they complete the NYSC scheme. Photo credit: @officialABAT/@officialnyscng
Source: Twitter

The minister of Youth Development, Dr Jamila Ibrahim, made this known during the opening ceremony of the inaugural meeting of the NYSC management with heads of Corps Producing Institutions (CPI) in Nigeria, held on Monday in Abuja.

Read also

Uber to buy Delivery Hero's Foodpanda in Taiwan for US$950 mn

According to The Punch, Ibrahim said the initiative aligns with the upcoming NYSC reforms and is distinct from the Nigerian Youth Investment Fund program set for 2024.

“Furthermore, as part of the Nigeria Youth Investment Fund programme for 2024, I’m also pleased to announce that at least 5,000 corps members will have their entrepreneurial ventures funded with up to N10 million passing out.”

The minister further stated that the vision was not only to have a self-sustaining scheme but also a revenue-generating programme within the next five years.

“Permit me to inform us very briefly on what is to come regarding NYSC reforms. I am pleased to announce that I will be inaugurating a team to undertake the review, restructuring, and reforms of the NYSC."

Adamawa announces N10,000 monthly allowance for NYSC members

Read also

FG announces scholarship for Nigerian students interested in oil & gas industry

Meanwhile, Legit.ng reported that Adamawa governor, Ahmadu Fintiri, on Tuesday, February 20, reiterated his administration’s commitment to the payment of an N10,000 monthly allowance for NYSC members of serving in the state.

The payment is intended to lessen the hardship associated with the rising price of essential commodities in Nigeria.

Fintiri said this while declaring open the 2024 batch ‘A’ Stream 1 orientation programme for the corps members deployed to Adamawa.

Proofread by Kola Muhammed, journalist and copyeditor at Legit.ng

Source: Legit.ng

Online view pixel