N-Power Exit Strategy: Ensuring Fairness and Sustainability
In a recent statement, Honorable Minister Betta Edu shed light on the ongoing efforts to address concerns related to the N-Power program’s exit strategy, exit fund, and exit payments. The N-Power program, which has been a crucial lifeline for many Nigerian youths, is undergoing a transition to ensure fairness, sustainability, and continued support for those who have benefited from it.
Ministerial Committee for Resolution
Recognizing the importance of resolving these issues comprehensively, a ministerial committee has been established, with the Permanent Secretary of the Ministry at the helm. This committee comprises key stakeholders, including the Director of Procurement, representatives from the N-Power program, and the National Social Investment Program (NSIP) National Coordinators. Their collective mandate is to investigate and address the multifaceted challenges associated with the N-Power program’s exit strategy.
One of the primary concerns that emerged was related to individuals whose tenure with N-Power had expired over a year ago but who still expected to receive payments. To ensure fairness and transparency, a systematic approach has been adopted to address these issues.
The initial report received from the field indicated that approximately 20,000 individuals had been paid. However, critical questions arose regarding the criteria for these payments and the time frame they covered. It was revealed that these payments were made to individuals who had completed their training and were sent out from October to December of the previous year.
Ensuring Fairness and Sustainability
The journey towards resolving these issues is not without its challenges. The aim is not only to provide exit payments but also to establish a sustainable framework that ensures the program’s continued impact on beneficiaries. This includes assessing the financial sustainability of exit payments and identifying the most equitable and efficient way to disburse them.
The overarching goal is to create an exit strategy that is fair, transparent, and aligned with the program’s long-term sustainability. As the committee delves deeper into these matters, it is essential to maintain open communication and collaboration among all stakeholders to reach a solution that benefits all parties involved.
The commitment of Honorable Minister Betta Edu and the ministerial committee to address these issues demonstrates a dedication to the welfare of N-Power beneficiaries and a vision for a program that continues to make a positive difference in the lives of Nigerian youths. While challenges persist, the government remains steadfast in its efforts to ensure a fair and sustainable exit strategy for N-Power beneficiaries.