Sunday Aborisade in Abuja
The Senate has said the NYSC Trust Fund Bill would address the issue of unemployment currently being experienced by graduates.
It noted that the fund was meant to empower corps members with necessary skills during their one year mandatory service.
The red chamber also said each of the corps members would be encouraged to access loans from the Trust Fund for the purpose of establishing small scale businesses based on the skills they’ve acquired at the camps.
Chairman, Senate Committee on Media and Public Affairs, Senator Adeyemi Adaramodu, who sponsored the bill, stated this in an interview with journalists in Abuja.
He expressed the hope that if signed into law, the NYSC Trust Fund would also not be subjected to abuse like the other existing social interventions programmes.
“The structure of the Fund does not give room for that kind of sleaze so to say. It can never give room for it because there is strata and apart from having that strata, there is going to be checks and balances.
“Not only that, this is a scheme for young adults of Nigerians and in fact, part of the young adults will be represented on the Board of Trustees that will be formed when it comes into practice.
“So definitely, it’s not going to be, then the structure of the NYSC as it is now there is little changes only for trustees members and then even procurement.”
