The House of Representatives is set to debate the general principles of a bill seeking to provide a sustainable source of funding for the National Youth Service Corps, for the training and empowerment of corps members.
Titled “The NYSC Trust Fund (Establishment) Bill 2024,” the proposed legislation, sponsored by the lawmaker representing Nasarawa/Toro Federal Constituency of Nasarawa State, was read on the floor of the Green Chamber a fortnight ago.
A copy of the bill exclusively obtained by The PUNCH on Tuesday showed that the main objective was to provide a legal framework for the management and control of the special intervention fund to provide sources of funds for NYSC skills acquisition, training and empowerment of corps members.
Section 2(1) provides that the Trust Fund shall “Cover all corps, personnel of the NYSC, orientation camps, formations, facilities and the overall improvement and efficiency in the discharge of their duties and responsibilities.”
When established, the Trust Fund shall consist of “0.2 per cent of total revenue accruing to the Consolidated Revenue Fund, any take-off grant and special intervention fund as may be provided by the Federal Government and such money as may be appropriated to meet the bill’s objective.”
The fund shall also consist of “aids, grants and assistance from international bilateral and multilateral agencies, non-governmental organisations and the organised private sector, grants, donations, endowments, bequests and gifts, whether of money, land or any other property from any source, and money derived from investments made by the Trust Fund.”
Purpose of the Fund
In Section 5(1), the bill provides that the Fund shall be used for “meeting the skill acquisition training and empowerment of corps members; meeting the training and re-training needs of the personnel of the NYSC; enhancement of the skills of corps members for improved proficiency and employment generation, as well as the overall improvement, performance and efficiency in the discharge of constitutional roles and responsibilities.”
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