In a significant development, the Federal Government has commenced the disbursement of a ₦77,000 allowance to members of the National Youth Service Corps (NYSC), fulfilling its earlier commitment to the scheme.
Reports from various corps members indicate that payments have started reflecting in their bank accounts, with many taking to social media to share evidence of the credit alerts they have received.
While this payment has been confirmed, it remains unclear whether outstanding arrears from previous months have been settled. As of the time of filing this report, there has been no official statement from the NYSC management regarding the status of backlog payments.
The increase in corps members’ allowance aligns with recent economic adjustments and government policies aimed at cushioning the effects of inflation and the rising cost of living for young graduates participating in the national service program.
NYSC, established in 1973, remains a crucial program in Nigeria’s national development framework, fostering unity and providing young graduates with work experience across different regions of the country.
KIIN360 will continue to monitor developments and provide updates as more details emerge.
