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Why NYSC remits N511m operating surplus into Federation Account: DG

Brigadier-General Shuaibu Ibrahim, Director-General of NYSC

*We generated N511million in 2021, which we have paid into the Federation Account as part of the Corps’ contribution to the Nigerian economy, says Brigadier-General Shuaibu Ibrahim, Director-General, National Youth Service Corps

Isola Moses | ConsumerConnect

As the Corps’ contribution to the Nigerian economy, the National Youth Service Corps (NYSC) has announced that it remitted N511million into the Federal Government’s treasury as part of its 2021 operating surplus.

Brigadier-General Shuaibu Ibrahim, Director-General of NYSC, noted that the action is in line with the Corps’ commitment to stopping being a dependent agency to the government, report said.

NYSC members

Ibrahim restated that the NYSC is determined to tap the potential of Corps members while urging the support of all Nigerians to take care of Corps members.

The Director-General said: “When I came I said we didn’t have to continue being a begging agency depending on the government.

“So, we rejigged our table water, bakery, among others. Last year we generated N280m which we put into the federation account.”

He also stated: “For 2021 we generated N511m, which we also paid into the federation account and these are contributions to the national economy and I can assure you, Corps members, with their talents we are exploring them.

“Corps members are now acting films, they are also in the national cultural troop and from there we also generate revenue.”

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