Cheers But Suspicion Reigns As FG Unveils N10m Empowerment For NYSC Members

The President Bola Tinubu-led government has announced plans to empower at least 5,000 members of the National Youth Service Corps (NYSC) members with N10 million each to fund their entrepreneurial ventures after they complete the NYSC scheme.

GWG.ng reports that this was disclosed by the Minister of Youth Development, Dr. Jamila Ibrahim, 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.

She noted that this funding initiative aligns with the upcoming NYSC reforms and is distinct from the Nigerian Youth Investment Fund program set for 2024.

Reacting to this announcement, some netizens jubilated while others appeared to be suspicious of the move.

See comments below:

 @andy_ajah10 said, “Nigerian government and lamba na 5 and 6…I pity anybody wey dey use this news get hope.”

@hamoye4real said, “I hope they won’t give money to anybody o! Let the funding be in form of infrastructure support or else the beneficiaries will Japa with the money.”

Arc. Oluyombo Oludare (mnia) reacted, “Simply put it as “President Tinubu sets to raise 5000 millionaires among the youth corpers!”

 @enitanp007 said, “But you would never be able to do passport to leave the country for 10 years…lol…me just saying though..lo.”

@damola_ade77 said, “I wish they can do this right and not loot this money or give it to family and friends that have no creative idea of how to generate wealth.

“Past experience isn’t giving me hope that it will be done right. 4yrs from now we will be hearing EFCC is probing NYSC funds. One day sha.”

 @asraf4r… reacted, “Huuuunmm in this my Dear Country called Nigeria we like to deceiving ourselves,

My question is… Where’s the money promised SMALL Scale business, what of students Loan, and other social intervention programs of Federal Government.. We like theory more than practical.”

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