A bill sponsored by Hon. Akinfolarin Mayowa for an act to establish a trust fund for National Youth Service Corps (NYSC) has passed the second reading stage in the House of Representatives.
Representative of Ileoluji-Okeigbo/Odigbo federal constituency, Mayowa, on Thursday at the plenary, stated that the bill seeks to provide a sustainable source of funds for Corp members.
The National Youth Service Corps Trust Fund (NYSCTF) strives to provide skills development, training, and empowerment to corps members.
NYSC personnel receive comprehensive training and retraining.
The cash will also be utilized to develop NYSC camps and maintain their infrastructure, according to the bill author.
He went on to say that it will have a long-term impact on job creation and youth empowerment.
The NYSCTF Bill, according to Hon. Mayowa, will boost entrepreneurship among corps members while also complementing the scheme’s goals.
He said, “in the early years of the establishment of NYSC, the scheme was able to carry out its objectives under the National Youth Service Corps Act.
“The management of the scheme had not only trained, equipped and empowered corps members enrolled under the scheme, but had instilled patriotism and the spirit of nationalism in corps members.
“My colleagues and I have sincerely considered the significant role this NYSCTF Bill will play if passed by this honourable house and assented to by President Muhammadu Buhari.
“Corps members and supporting staff will be trained and introduced to various skills which will make them establish a self-sustained business after the mandatory service year.”
Calling for its reading to continue and moved to the relevant committee of the house for further legislative actions, Mayowa pointed that the bill will reduce the adverse effect of COVID-19 on the nation’s economy and create employment opportunities for the youths.
“The call had become imperative in view of the effort currently being made by the government to diversify the economy, and considering the passion and willingness of the house in reducing poverty,” he said
In turn, the Speaker, House of Representatives, Hon. Femi Gbajabiamila, referred the bill to the relevant committees of the house for further legislative actions following the consent of the house.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator and a recipient of the D9112 Superstar Icon Award, who writes ruthlessly about pop culture, religion, politics and entertainment.
