House of Representatives have passed through third reading a Bill which seeks to establish National Social Investment Programmes, NSIPs with a view to assisting and empowering the poor and vulnerable persons in Nigeria.
Chairman of the Committee, Honourable Yemi Adaramodu who stated this while speaking with newsmen at the Plenary said, the Bill was passed after the adoption of the report of Committee on Poverty Alleviation at the Committee of the Whole and passed through third reading seeking to establish National Social Investment Programmes, NSIPs with a view to assisting and empowering the poor and vulnerable persons in Nigeria.
As stipulated in Clause 18 of the bill, the funding for the NSIP programmes shall be drawn from: counterpart contribution from the Federal, State and Local Governments; such sums as may be appropriated for the programmes by the National Assembly; such sums as may be provided by the federal government or by a state government to support the activities of the office or a particular programme; donations from individuals, companies, government institutions, bilateral or multilateral organisations and development partners.
The lawmakers also passed through third reading a bill which seems to establish National Youth Service Corps Trust Fund, NYSCTF for the purpose of providing a sustainable source of funds for the National Youth Service Corps, NYSC.
Chairman of the Committee, Honourable Yemi Adaramodu, expressed optimism that the bill, when passed into law will provide alternative hope for youth who cannot secure automatic employment after the NYSC scheme to hopefully attain financial independence.