NYSC Trust Fund (NYSCTF) 2023: Boost Your Business Dreams with Financial Support

As of December 2022, The Acting Director General of the National Youth Service Corps, Mrs Christy Uba, said signing of the scheme’s trust fund bill into law will empower corps members after their service.

Uba made this known on a Saturday after the inspection tour of the ongoing construction of 700 male and 700 female bed capacity hostels at the NYSC Camp in Issele Uku, Delta.

According to her, the fund will go a long way to provide resources for NYSC to empower youths by the time they finish their service, as they would have the capital to start their own businesses.

“The fund will create resources for a greater percentage of corps members trained under the NYSC skill acquisition programmes to start up their businesses.

We have gone far in respect of the NYSC Trust Fund and we are waiting for President Muhammadu Buhari’s assent. The bill is important because it will provide start up capital for the corps members.

“The scheme has been in place since 2012, and there are various skill acquisitions training in camps to harness the potential of corps members.

“After their three weeks in camp, there is what we call post camp training and through these programmes, many of them have become self-employed and employers of labour and it has contributed greatly to national development,” she said.

Meanwhile, as of Today, October 2023, NYSC has sent warning to Nigerians over fake Trust Fund advert

The National Youth Service Corps, NYSC, has debunked an advertisement making the rounds on social media with the caption, ‘NYSC Trust Fund, NYSCTF, 2023: boost your business dream…’

The corps urged the general public to disregard the advertisement, insisting it is fake.

The management said the piece is not from the NYSC, adding that it is the handiwork of fraudsters bent on defrauding unsuspecting Nigerians, particularly serving and ex-Corps members of their resources.

It explained that the NYSC Trust Fund is still awaiting President Bola Tinubu’s assent.

Therefore, the existence of an NYSC Portal and link to register for the fund is only a ruse, it added.

“When the Trust Fund is passed into Law, modalities to access the fund shall be officially made known to Nigerians through the print and electronic media as well as NYSC official handles in the social media, among others,” the organisation assured.

“Please, do not fall prey to fraudsters,” the NYSC warned in a statement signed by Eddy Megwa, Director, Press and Public Relations.