By Kayode Sanni-Arewa
President Bola Ahmed Tinubu-led Federal Government has announced plans to empower at least 5,000 members of the National Youth Service Corps (NYSC) with N10 million each.
The empowerment programme is to fund the corps members’ entrepreneurial ventures after they complete the NYSC scheme.
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.
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.”