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Reps Drop Bill To Exempt Nigerians Schooling Abroad From NYSC
A bill seeking to amend the National Youth Service Corps (NYSC) Act and make provision for the issuance of the exemption certificate to foreign Nigerian students while reviewing the remuneration upwards was stepped down at the House of Representatives, yesterday.
Tilted “Bill for an Act to Amend the National Youth Service Corps Act, Cap. N84 Laws of the Federation of Nigeria, 2004 to Review Upward the Accommodation and Transport Allowances of Corps Members in line with Current realities; and for Related Matters (HBs.716, 1305, 1657, 1922, 1945 &1674), it was however a consolidated bill jointly sponsored by Hon Ben Igbakpa, Hon Eta Mbora, Hon Abbas Adigun, and three other lawmakers.
In his lead debate, Igbakpa, who was the only one present at the plenary to speak on the bill, said that with the changing times, the principal act should be amended to make it optional for Nigerians who schooled abroad.
Igbakpa, who referenced the case of former finance minister, Mrs KemiAdeosun, said it was not necessary to have subjected her to the rigours of obtaining the exemption certificate.
He also said that the monetary allowance of the serving corps members should be elevated to reflect that of graduates.
He said: “This amendment seeks to cure three different things because the law as it is today; because of the changing realities of time, anybody that had passed the university and is serving as a corps member automatically has acquired a degree and it is the belief that this amendment should reflect in their remuneration because the N30,000 given to them as it is today is a minimum wage threshold and in line with the present reality, it would not be fair if they are given something that befits a graduate, a Level 8 Officer in the public service.
“The third, as at the time the law was made, it was in such a way that we did not consider our children schooling abroad. Not long ago, a former minister of finance schooled abroad, was above thirty and came to Nigeria to help with the knowledge. But because of the stringent condition placed on the acquisition of the certificate of exception, there was something wrong at the end of the day. We lost that intelligence and expertise. When the NYSC law was created, Nigerians studying abroad were not considered. Nigerians schooling abroad should be issued a certificate of exemption.”
The bill, however, elicited several reactions from lawmakers with many opposing the exemption while favouring the upward review of the allowance.
In his contribution, the Deputy Speaker, Hon. IdrisWase, called for strict adherence to the provisions of the principal act.
“Those who schooled abroad should comply with the by-laws we have set in the country. In several countries, we have programs like this. In USA, you have to serve compulsorily in the army for a year. The purpose is integration and discipline”, he said.
Also speaking, Hon. Ahmed Jaha, agreed on the call to review the remuneration aspect of the Bill, however, disagreed with the exemption.
“Substantial part of graduates recognise the importance of NYSC because, by the time they go out, they will discover a lot of things. They have not been conversant with in their area. So, if you say it is optional, people may think it is not serious. They would make it optional and they would be reluctant to go but if you make it compulsory, definitely, everybody would go, and at least, discover something outside his domain”, he said.
Amid the debate, the lead sponsor, Igbakpa, opted to step it down for further consultation.
Ruling on the Bill, the Speaker, Hon Femi Gbajabiamila, advised the Rules and Business Committee to take a holistic look at the bill, and expunge the offensive parts to enable the sponsors to represent it before the House adjourns tomorrow for a two-week break to participate in the national elections.
President Bola Tinubu yesterday celebrated the Nigerian Exchange Group’s breakthrough into the N100tn market capitalisation threshold, saying Nigeria has moved from an ignored frontier market to a compelling investment destination.
Tinubu, in a statement signed by his Special Adviser on Information and Strategy, Bayo Onanuga, urged Nigerians to increase their investments in the domestic economy, expressing confidence that 2026 would deliver stronger returns as ongoing reforms take firmer root.
He noted that the NGX closed 2025 with a 51.19 per cent return, outperforming global indices such as the S&P 500 and FTSE 100, as well as several BRICS+ emerging markets, after recording 37.65 per cent in 2024.
“With the Nigerian Exchange crossing the historic N100tn market capitalisation mark, the country is witnessing the birth of a new economic reality and rejuvenation,” Tinubu said.
He attributed the stellar performance to Nigerian companies proving they can deliver strong investment returns across all sectors, from blue-chip industrials localising supply chains to banks demonstrating technological innovation.
The President added, “Year-to-date returns have significantly outpaced the S&P 500, the FTSE 100, and even many of our emerging-market peers in the BRICS+ group. Nigeria is no longer a frontier market to be ignored—it is now a compelling destination where value is being discovered.”
Tinubu disclosed that more indigenous energy firms, technology companies, telecoms operators and infrastructure firms are preparing to list on the exchange, a move he said would deepen market capitalisation and broaden economic participation.
He also cited what he described as a sustained decline in inflation over eight months—from 34.8 per cent in December 2024 to 14.45 per cent in November 2025—projecting that the rate would fall below 10 per cent before the end of 2026.
“Indeed, inflation is likely to fall below 10 per cent before the end of this year, leading to improved living standards and accelerated GDP growth. The year 2026 promises to be an epochal year for delivering prosperity to all Nigerians,” he said.
The President attributed the trend to monetary tightening, elimination of Ways and Means financing, and agricultural investments, which he said helped stabilise the naira and ease post-reform pressures.
Nigeria’s current account surplus reached $16bn in 2024, with the Central Bank projecting $18.81bn in 2026, reflecting a trade pattern shift toward exporting more and importing less locally-producible goods.
Non-oil exports jumped 48 per cent to N9.2tn by the third quarter of 2025, with African exports nearly doubling to N4.9tn. Manufacturing exports grew 67 per cent year-on-year in the second quarter.
Foreign reserves have crossed $45bn and are expected to breach $50 billion in the first quarter, giving the CBN ammunition to maintain currency stability and end the volatility that previously fuelled speculation, according to the President.
Tinubu also highlighted infrastructure expansion in rail networks, arterial roads, port revitalisation, and the Lagos-Calabar and Sokoto-Badagry superhighways, alongside improvements in healthcare facilities that are reducing medical tourism costs, and increased university research grants funded through the Nigeria Education Loan Fund.
“Our medicare facilities are improving, and medical tourism costs are declining. Our students benefit from the Nigeria Education Loan Fund, and universities are receiving increased research grants,” he said.
He described nation-building as a process requiring hard work, sacrifices, and citizen focus, pledging to continue working to build an egalitarian, transparent, and high-growth economy catalysed by historic tax and fiscal reforms that came into full implementation from January 1.
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RSG Kicks Off Armed Forces Remembrance Day ‘Morrow …Restates Commitment Towards Veterans’ Welfare
The Rivers State Government has reiterated its commitment towards the welfare of veterans, serving officers and widows of fallen officers in the State.
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?The Secretary to the Rivers State Government, Dr. Benibo Anabraba, in a statement by ?Head, Information and Public Relations Unit, SSG’s ?Office, ?Juliana Masi, stated this during the Central Planning meeting of the 2026 Armed Forces Remembrance Day in Port Harcourt, yesterday.
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?Anabraba thanked the Committee for their contributions to the success of the Emblem Appeal Fund Ceremony recently held in the State and called on them to double their efforts so that the State can record resounding success in the remaining activities.
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?According to him, the remembrance day events will begin with Jumaàt Prayers on Friday, 9th January at the Rivers State Central Mosque, Port Harcourt Township, while a Humanitarian Outreach/Family and Community Day will be hosted on Saturday, 10th January, by the wife of the governor, Lady Valerie Siminalayi Fubara, for widows and veterans.
?”On Sunday, 11th January, an Interdenominational Church Thanksgiving Service will hold at St. Cyprian Anglican Church, Port Harcourt Township while the Grand-finale Wreath- Laying Ceremony will hold on Thursday, 15th January at the Isaac Boro Park Cenotaph, Port Harcourt”, he said.
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?The SSG noted that one of the highlights of the events is the laying of wreaths by Governor Siminalayi Fubara and Heads of the Security Agencies.
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The Governor of Rivers State, Sir Siminalayi Fubara, has approved a minor cabinet reshuffle in the State Executive Council.
Under the new disposition, Barrister Christopher Green, who until now served as Commissioner for Sports, has been redeployed to the Ministry of Justice as the Honourable Attorney General and Commissioner for Justice.
This is contained in an official statement signed by Dr. Honour Sirawoo, Permanent Secretary, Ministry of Information and Communications.
According to the statement, Barrister Green will also continue to coordinate the activities of the Ministry of Sports pending the appointment of a substantive Commissioner to oversee the ministry.
The redeployment, which takes immediate effect, was approved at the last State Executive Council meeting for the year 2025, underscoring the Governor’s commitment to strengthening governance, ensuring continuity in service delivery, and optimising the performance of key ministries within the state.