A Bill for an Act to establish a 'National Youth Service Corps Trust Fund (NYSCTF)' has passed the second reading in the House of Representatives.
The Bill was sponsored by Representative Akinfolarin Mayowa (APC-Ondo) at the plenary on Thursday. Mayowa said; "The aim was to support skill acquisition, training and empowerment of corps members as well as training and retraining of NYSC personnel."
He also said the funds will support the development of camps and NYSC formations and facilities and for related matters.
He added that introducing the NYSCTF Bill would complement the activities of the Scheme and further help in promoting the spirit of entrepreneurship among the corps members through the Trust Fund.
He added that “Corps Members would be trained and introduced to various skills which would make them establish a self-sustained business after the mandatory service year.
“It will reduce the negative impact of COVID-19 in our economy and provide job creation for our youth. I, therefore, urge Mr Speaker and respected colleagues to support that the Bill be read for the second time, and refer to the relevant committee of the house for further legislative actions."
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