Download Free Templates Joomla! 3
Home / News / NYSC refutes online publication on Trust fund

NYSC refutes online publication on Trust fund

The attention of NYSC Management has been drawn to a story with the above caption, making the rounds in the social media.
“The title of the story is how top military officers secretly push for the establishment of NYSC trust fund to steal as their retirement package”.
The management in a statement signed by
Mr Eddy Megwa, the Director of Press and Public Relations said the decision to establish NYSC Trust Fund was conceived during a meeting held with some of the Scheme’s stakeholders.
 ” Those present at the meeting include the thirty-six State Governments and FCT Administration; and thereafter strongly supported by civil societies, National Association of Nigerian Students (NANS) as well as Association of Local Governments of Nigeria (ALGON).”
He said primarily, the Fund is purposed to address the infrastructural deficit besetting the Scheme in the area of camp renovation and maintenance; upgrading, building and maintenance of Corps Members’ Lodges, among others.
“Statutorily, the Scheme as it were, has a tripartite funding arrangement, the Federal, State and Local Governments, with each having varying degree of responsibilities.
Over the years, the Scheme has equally partnered governmental and non-governmental institutions in the area of providing start-up capitals to Corps Members to fund their business initiatives under the NYSC Skill Acquisition and Entrepreneurship Development programme”.he added.
The statement said the  Trust Fund will provide funds to a greater percentage of Corps Members trained under the NYSC Skill Acquisition programme to start-up their businesses.
“It is appropriate to clarify that the Fund which passed public hearing, with civil societies, the academia, among others, fully represented is not a pool of slush fund meant to gratify the financial cravings of top military officers as erroneously stated by the writer of the story.”

Check Also


Share this on WhatsAppFollowing its inauguration by the Young Progressives Party (YPP) Governorship Candidate, Obong …

Leave a Reply

Your email address will not be published. Required fields are marked *