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Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates - NYSC - Nairaland

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Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by hotspec(m): 11:13pm On Feb 21, 2017
The Managing Director, Capital Oil and Gas, Dr Patrick Ifeanyi Ubah has called for the review of the National Youth Service Corps, NYSC, in order for it to become a job creating platform as against what the scheme offers now.
Ubah, who spoke yesterday, at the Nnamdi Azikiwe University, Awka, Anambra State, at an event organized by Nigeria Economics Students Association, (NESA), UNIZIK Chapter, called for review of the NYSC Scheme from what it represents now to a scheme capable of solving Nigeria’s employment crisis.

“But now, the greatest crisis facing Nigeria is that of unemployment and the development calls for the review of NYSC Scheme to reflect job creation. The scheme founded in 70s is over 40years old and therefore begging for a review.”
“Today, the Federal Government pays each Corp member under NYSC Scheme N19, 800 per month and that gives us N237, 609 per year and when you factor in other expenses that emanates from camping, you will be having about N300,000 for each corp member per year.”
“Federal Government Mobilizes 150,000 graduates every year for NYSC. Let’s use 150,000 graduates here. If in a year, Federal Government mobilizes 150,000 graduates for NYSC and spends around N300, 000 on each of them, this amounts to N45 Billion per annum.
He added that “we can review the scheme and make our graduates go through various skills acquisition training upon graduation and N300,000 handed to them by Federal Government to establish the Entrepreneurship skill that he or she might have learned. We can hand over this N300,000 to our graduates after they must have passed through one, three weeks or say one month Entrepreneurship or skill acquisition training as a seed or start up capital.
“Yes, we can re-adjust the 12 months service year to three weeks or one month which will be used for the training of these graduates towards self reliance.”
The Proprietor, FC Ifeanyi Ubah asked, “what is the gain of spending N45 Billion on our graduates after which you push them to the unemployment market? Is it not better we train them and hand each of them the N300,000 as a seed capital.?”
“Some of them can even use their own seed money to go into cooperative groups among themselves towards setting up various businesses upon graduation and by so doing, we will be creating job creators instead of job seekers.”
Ubah challenged the students to redirect the conversation towards providing solutions to the challenges blighting the Nation as the country is faced with multiple economic shocks.
“You must start raising agenda for the policy makers of this Nation. Creating solution is what makes an Entrepreneur thick and you must rise to the occasion especially now that our Nation faces multiple economic shocks.
“Good enough, there is hope because you are here today in this hall as stakeholders in this great search for solutions.”
Ubah, however, called on the government to redirect its focus in creating enabling environment for Entrepreneurship to thrive in Nigeria.
“The truth is that Government cannot do this alone and there is need for Government at all levels to start creating enabling environment through Public Policies that will stimulate entrepreneurial growth in the country in order to forestall recurring economic crisis in the country.”
On his part, Professor Nwogwugwu of the Economics Department, UNIZIK, called on the students to start thinking as job creators, saying, “You are here to learn how to solve problems facing our Nation and not to create one.”
Highpoint of the event, was a question and answer segment.

Source: www.vanguardngr.com/2017/02/ubah-fg-review-nysc-service-year-1month-give-n300000-seed-capital-graduates/

Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by yungmill(m): 11:14pm On Feb 21, 2017
If only they would listen
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by Acekidc4(m): 11:14pm On Feb 21, 2017
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by hungryboy(m): 11:25pm On Feb 21, 2017
It's will be very hard to scrap a scheme like Nysc in Nigeria

Because na some Ogas at the top racket be that


You comot all those supply of uniforms
Shoes food etc contracts from dem Oga hand


Dem no go gree you


Nysc no get any benefit
Scrap am

1 Like

Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by nuelsylves(m): 11:25pm On Feb 21, 2017
Wished they can just do this
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by Igboid: 11:34pm On Feb 21, 2017
hungryboy:
It's will be very hard to scrap a scheme like Nysc in Nigeria

Because na some Ogas at the top racket be that


You comot all those supply of uniforms
Shoes food etc contracts from dem Oga hand


Dem no go gree you


Nysc no get any benefit
Scrap am





True!
Even the LGIs and the rest of the NYSC staff were mostly put there by the ogas at the top.
At this point, it's impossible to scrap the NYSC, just as its impossible to scrap the Nigerian bilateral legislature system, even though it's a well known knowledge that both are wasteful fruitless ventures.
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by hungryboy(m): 11:35pm On Feb 21, 2017
Nigeria is the only country in the world were the Government spends more on Graduates than the uneducated and poor

Why should the Government
After subsiding education
For our University students


Pay them a stipend every month or even give them free loans to start a business


You educated folks should stop having this sense of entitlement abeg


The Government does not owe you a job or free capital



Poor uneducated man go hustle start business with no government help




But graduate with all the book were dey him head wan make Government give am loan to carry start business and even teach am how to start the business sef
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by TPAND(f): 6:09am On Feb 22, 2017
This man is just a jabber. With which money will they do that.

He is seeking media attention. But if brainless billionaires like this don't have what to say, he should keep shut. I know of Elumelu's foundation helping aspiring young entrepreneurs, Ubah kindly tell us what you have done in benevolence to graduates.
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by fowosh: 7:14am On Feb 22, 2017
he is just saying his own...........FG ears are deaf
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by Nobody: 8:36am On Feb 22, 2017
300k for what? What they really need to do is scrap the whole NYSC rubbish and employ more graduates into federal.and state jobs that rely heavily and cheaply on corpers. Even some private companies take advantage of this NYSC thing for cheap labor, this way, more graduates are gainfully employed. God knows majority of the federal and state schools as well as some other key ministries in the country are highly under staffed but they just use corpers to fill in the gap
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by ozoebuka1(m): 8:29pm On Feb 22, 2017
just 300k abeg make Mr. Uba talk well na... Which kind talk b that na
Re: Ubah To FG: Review NYSC Service Year, Give N300,000 Capital To Graduates by CellTabRepairs: 3:52pm On Feb 23, 2017
That will be a welcome development honestly
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