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FG to empower 5,000 corps members with ₦10m each to fund their small business

admin | May 14, 2024

The Minister of Youth Development, Dr Jamila Ibrahim, revealed this on Monday in Abuja, during the opening ceremony of the maiden meeting of National Youth Service Corps (NYSC) management with heads of Corps Producing Institutions (CPI) in Nigeria.

According to her, this is in line with the proposed NYSC reforms which will take place soon, adding that it was different from the Nigerian Youth Investment Fund programme for 2024.

I will be inaugurating a team to undertake the review, restructuring and reforms of the NYSC.

“The thrust of these reforms will be centred on imbuing participants with an entrepreneurship mindset and making skills development the core of the programme.

“Though that is already part of the objectives carried out by the scheme, the aim is to partner with it to strengthen the mandate.

“How do we make the scheme more efficient, more effective and more beneficial to both the nation and the Corps members?

“So, we envision a future where the NYSC programme is not only self-sustaining, but also a revenue generating programme within the next five years.

“To achieve this, we will institutionalise the NYSC ventures as an investment and asset management outfit,” she said.

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