NYSC Ventures now operate as business entities – DG

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The NYSC Ventures located in different parts of the Country are now operating as business entities, with high premium placed on return on investment.

These Ventures also serve as platforms for vocational and entrepreneurial training for Corps Members, as they are closely monitored to ensure that maximum return on investment is achieved.

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This was disclosed by the Director-General of the National Youth Service Corps, Brigadier General Shuaibu Ibrahim during a one day Farm and Ventures Managers’ Workshop held in Abuja.

“I am happy to State that our efforts are already positioning the Scheme for internal revenue generation to complement the economic development and local content strides of the Federal Government”, he said.

The Director-General stated that the programme was put together to build the capacity of Staff for higher productivity. He said Management would continue to sustain the exercise in order to reposition the NYSC Ventutes for enhanced revenue drive.

General Ibrahim recalled that the NYSC Ventures were created  in 2012 as veritable platforms for the training and mentoring of Corps Members for development of entrepreneurship spirit and contribution to Nigeria’s Gross Domestic Product, thus ensuring self-reliance.

He further stressed that the mandate of the Ventures Department also involves the production of Corps Members’ Kits and other supplies to Orientation Camps nationwide.

He told the workshop participants that Management is currently rejigging the various Ventures and Farms nationwide, and will continue to support the growth of these enterprises, so as to optimise their benefits.

Ibrahim said, “Our sustained advocacy resulted in the return to the NYSC, the Scheme’s farmland at Ezillo, Ebonyi State, which was hitherto taken by the State Government”.

“Steps are also being taken to revamp the NYSC Garment Factories located in Minna, Niger State and Mgbaku, Anambra State, including their successful registration with the Corporate Affairs Commission”.

The DG added that the NYSC Rice Mill in Ezillo, NYSC Bakery and Water Factory, Kubwa, Abuja, NYSC Feed Mill in Ipaja, Lagos State as well as the NYSC Entertainment Company Limited, which comprises the NYSC National Band, NYSC National Troupe and the NYSC Movie had been registered.

The Director-General specifically commended the NYSC Bakery and Water Factory in Kubwa, Abuja, for ensuring adequate supply of products to the general public and Orientation Camps nationwide.

While commending the new Manager of the Garment Factory at Mgbakwu for the innovative approach adopted in running the factory, he commended the NYSC Farms in Kwali, FCT, and Saminaka, Kebbi State for equally doing well.

Ibrahim expressed profound appreciation to the Federal Department of Agriculture, International Institute of Tropical Agriculture, National Centre for Agricultural Mechanisation, National Agricultural Land Development Authority, Agricultural and Rural Management Training Institute, the National Cereals Research Institute and other partners for their support which culminated in the modest achievements recorded by the Scheme in recent times.

Earlier, the Director Ventures Management, Prince Mohammed Momoh outlined activities lined up for the Workshop to include lectures, interactive sessions and Stakeholders’ meeting with the Director-General on the need to make activities of NYSC Farms and Ventures more beneficial to Corps Members, the youths of host communities and the nation at large.

The Workshop with the theme, “Repositioning NYSC Ventures for Enhanced Revenue Drive”, featured three lectures from erudite resource persons on the general overview of effective and efficient ventures management.

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