The bill, sponsored by Mayowa Akinfolarin , seeks to compel all organised private entities to contribute one per cent of their net profit to the fund. In addition, 0.2 per cent of total revenue accruing to the federation account will fund the entity.
This bill is coming amidst renewed call for the scrapping of the NYSC due to the general insecurity in the country, which has subjected corps members to risk. The scheme was set in 1973 by the Yakubu Gowon administration as part of strategies to foster unity in the post-civil war era. It was established by Decree 24.
Director-General of the NYSC, Shuaibu Ibrahim, a brigadier general, has also been soliciting support for the fund.
1% education tax, 1% for industrial trust fund and now 1% for NYSC trust fund? What have you done to support these organized private entities in return? Even the existent tax deductions are unaccounted for, yet you're exploiting these organizations the more.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Reps consider Bill to discourage NYSC members from depending on white-collar jobsA Bill for an Act to establish THE National Youth Service Corps Trust Fund (NYSCTF) has passed second reading in the House of Representatives. The Bill Madness
Source: DailyPostNGR - 🏆 11. / 59 Read more »
BREAKING: Reps pass electoral bill -- but without compulsory direct primary clause | TheCableThe house of representatives has passed the electoral act amendment bill after revising the compulsory direct primary clause. The house at its sitting on Wednesday removed the clause (84) requiring They forgot HouseNGR inecnigeria OfficialPDPNig OfficialAPCNg ProfOsinbajo femigbaja GarShehu The mumu Buhari doesn't have any more excuse Nice one
Source: thecableng - 🏆 2. / 80 Read more »
Reps To Investigate Alleged Missing Firearms, AmmunitionThe House of Representatives has said it will investigate alleged missing firearms and ammunition belonging to the Nigeria police force in excess of 178 thousand since in 2019. Hmm 🤡🤡🤡🤡🤡🤡🤡🤡 Un serious organisation
Source: channelstv - 🏆 7. / 63 Read more »
Reps to investigate missing 178,000 police armsThe House of Representatives has resolved to investigate the alleged missing 178,459 different arms and ammunition of the Nigeria Police Force in 2019. Na today story for the gods Having failed to veto the president on the electoral reform bill,most of the members of this rubber stamp house have committed suicide. .'...., in 2019' sleepwalking nation!
Source: Daily Trust - 🏆 13. / 51 Read more »
Soot: Reps ask FG to use modular refineries to curb illegal refineriesRivers State and its environs have been experiencing black soot in the recent years allegedly caused by illegal refineries.
Source: PremiumTimesng - 🏆 3. / 78 Read more »
Reps consider bill seeking to resettle, compensate Abuja indigenesA bill seeking to create a board to oversee the compensation and resettlement of indigenes in the federal capital territory (FCT) has...
Source: thecableng - 🏆 2. / 80 Read more »