Minimum wage: NYSC to spend N307.6bn on corpers’ allowances
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The National Youth Service Corps may spend as much as N307.6bn on the mobilisation and payment of allowances to corps members, The PUNCH reports. This amount is based on the increase in corps members’ allowances, which rose from N33,000 to N77,000, as announced by the NYSC in a statement released in September 2024. The increase followed the signing of the new minimum wage bill into law in May 2024. On average, the NYSC mobilises between 1,200 and 1,500 corps members for the orientation exercise across camps in the 36 states and the Federal Capital Territory. The mobilisation occurs in three batches annually—A, B, and C. This results in an average of 55,500 corps members per batch, bringing the total number of corps members mobilised in a year to 333,000. With each corps member now receiving N77,000, the total payment for one batch amounts to N25.64bn. Over the course of the year, this brings the total amount allocated for corps members’ allowances to N307.6bn. In the 2025 bu...