FG Raises NYSC Allowance to N33,000

  • FG Raises NYSC Allowance to N33,000

The Federal Government has finally raised monthly allowance of the nation’s serving corps members from N19,800 to N33,000.

According to the Director-General, the National Youth Service Corps, Brigadier General Shuaibu Ibrahim, corps members’ monthly allowance has been increased in accordance with the new minimum wage to N33,000.

Ibrahim stated that “contrary to the various amounts being circulated on the social media, the sum of N33,000 had been approved as the new rate.”

The Director-General had said in September that the monthly allowance of the corps members would be increased “immediately the federal government starts the payment of the new minimum wage”.

“Your monthly allowance would be increased immediately the Federal Government starts the payment of the new minimum wage to all public servants nationwide,” Ibrahim disclosed this during an address delivered at the NYSC orientation camp in Iyana-Ipaja, Lagos.

He added that the payment of the new allowance will commence immediately funds are received from appropriate authorities as stated in the 2020 budget.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and Investing.com, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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