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  • News - South West - Oyo
  • Updated: May 05, 2024

Senate says NYSC Trust Fund will create job opportunities for graduates

Senate says NYSC Trust Fund will create job opportunities fo

Yemi Adaramodu, the chairman of the Senate Committee on Youth and Community Engagement, representing APC Ekiti South, has noted that the recently approved National Youth Service Corps, NYSC), Trust Fund Bill is poised to create job opportunities for graduates.

Adaramodu made this revelation during an official visit to the Oyo State NYSC Orientation Camp in Iseyin, leading a delegation of the committee on Saturday. 

He indicated that the bill, having undergone initial readings and legislative scrutiny, is on its way to the president for assent. 

Adaramodu stressed that the bill's primary objective is to support corps members in establishing themselves through the skills acquired during the NYSC Skill Acquisition and Entrepreneurship Development (SAED) program. 

Also, he noted that the bill accommodates corps members interested in pursuing entrepreneurial ventures post-service year.

“The issue of unemployment and what is next for corps members after the service year will be a thing of the past soon.

“The bill will ensure that the dreams of every Nigeria graduate become a reality, “he said.

Adaramodu disclosed that the Senate, in collaboration with relevant government departments, agencies and other stakeholders, would soon work on the upward review of corps members’ allowances.

He said the Senate’s legislative agenda would also consider other youth development programmes besides those embedded in the NYSC trust fund bill.

The Oyo State NYSC coordinator, Abel Odoba, noted that the NYSC trust fund bill would practically eradicate unemployment among graduate youths in Nigeria.

He said statistics have shown that many corps members who actively engaged in SAED programmes have become employers of labour after their service year.

“The bill will provide a soft landing for corps members who have undergone SAED in securing startup funds.

“Through the trust fund, skilled corps members will be given startup grants so that they will become employers of labour and contribute to the development of the nation.

“Country like China and other fast developing nations are exploring skills development to address unemployment.

“A time is coming that certificate will no longer be useful, but skills acquired will always make way at all times, “he said.

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