FG Removes Restrictions, Corps Members Can Now Serve in Banks, Oil & Gas Companies

In a historic move aimed at expanding opportunities for Nigerian youths, the Federal Government has lifted the long-standing restriction that barred members of the National Youth Service Corps (NYSC) from being posted to private sector organisations. This game-changing decision, unveiled through a memo dated November 18, 2024, issued by the Minister for Youth Development, Ayodele Olawande, is set to redefine the NYSC posting landscape.

A Shift in Policy

Previously, corps members were limited to four key sectors—education, agriculture, health, and infrastructure—under a policy introduced during the tenure of former Minister for Youth and Sports Development, Bolaji Abdullahi. This directive aimed to prevent private companies from exploiting cheap labour while prioritising public sector capacity building. However, concerns have grown over the years that the policy inadvertently limited graduates’ opportunities to gain valuable, industry-specific experience.

With the commencement of the 2024 Batch ‘C’ Orientation Course, the Federal Government has taken steps to remedy this. According to Olawande’s memo, the new policy will initially take effect in Lagos and Abuja, where corps members will be eligible for postings to select banks, oil and gas companies, and other private sector organisations.

The Vision Behind the Change

This policy aligns with President Bola Tinubu’s broader strategy to combat rising youth unemployment. By creating an environment where corps members can gain hands-on experience in their chosen fields, the government aims to bridge the gap between academic learning and the labour market’s demands.

“The now revoked policy has greatly hampered experience gathering that would effectively prepare corps members for the job market,” Olawande said, emphasizing that the reform seeks to align NYSC postings with graduates’ courses of study.

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Strategic Benefits for Corps Members

1. Industry Alignment: The directive will allow graduates to work in industries relevant to their studies, ensuring they gain practical, field-specific experience.
2. Enhanced Employability: By serving in private sector organisations, corps members can build professional networks and develop skills that increase their competitiveness in the job market.
3. Broader Opportunities: The inclusion of sectors like banking and oil and gas provides corps members with exposure to high-demand industries.

Concerns and Safeguards

While the policy has been widely welcomed, questions have arisen regarding how the NYSC will ensure equitable distribution and avoid the risk of exploitation in private sector placements. Stakeholders have called for clear guidelines and monitoring mechanisms to safeguard the interests of corps members.

What This Means for the Future

This groundbreaking shift not only expands opportunities for NYSC participants but also reflects the government’s commitment to tackling systemic unemployment issues. By aligning NYSC postings with market realities, Nigeria is taking a bold step towards empowering its youths and equipping them for a competitive global economy.

As corps members prepare to embrace these new opportunities, the success of this initiative will depend on its implementation and the active collaboration of both public and private sector stakeholders.

For the original memo and full details of the announcement, visit Punch.

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