The Federal Government lifts restrictions on NYSC members' postings to private sector companies, including banks and oil firms, effective from the 2024 Batch ‘C’ Orientation. This policy aims to provide corps members with relevant experience and align with President Tinubu's strategy to combat youth unemployment.
The Federal Government has lifted the ban on posting National Youth Service Corps (NYSC) members to private sector organizations, including banks and oil and gas companies. This move, announced by the Minister for Youth Development, Ayodele Olawande, in a memo dated November 18, 2024, will take effect at the start of the 2024 Batch ‘C’ Orientation exercise.
Under the previous policy, which was introduced during the tenure of former Minister for Youth and Sports Development, Bolaji Abdullahi, corps members were restricted to the public sector, particularly in education, agriculture, health, and infrastructure. The aim was to prevent private companies from exploiting cheap labor while encouraging public sector growth.
Olawande explained that the new policy aligns with President Bola Tinubu’s efforts to tackle youth unemployment. It allows corps members to gain relevant experience in private sector roles, which he noted had been limited under the old system. The directive will initially apply to Lagos and Abuja.
The memo emphasized the importance of reviewing policies to ensure that corps members are placed in positions that match their fields of study, helping them gain valuable experience that prepares them for the workforce. The previous restrictions, according to Olawande, had hindered youth development and job market readiness.
