On 21 June 2022, the National Youth Service Corps Trust Fund (Establishment) Bill 2022 was passed by the Senate and forwarded to the president for enactment (was passed by the House of Representatives in April 2022). The bill provides for the establishment of the National Youth Service Corps Trust Fund, which will be financed by a 1% levy on the net profit of companies operating in Nigeria. Further details on the implementation of the 1% levy will be published once available.