NPower Makes New Announcement About Payment of Stipends – Read Details below.
FCT, Abuja – The federal government of Nigeria, through the National Social Investment Management System (NASIMS), made an important announcement on Monday, June 19, regarding the payments of N-Power batch C beneficiaries. NASIMS acknowledged that the payments are still pending approval, but they assured the beneficiaries that once approved, the payments would be initiated without any further delay. This update was shared by NASIMS on their official Facebook page, where they posted the following statement:
“Npower C Beneficiaries,
Payments are yet to be approved. Once approved, payment will be initiated without further delay. Thank you.”
NASIMS serves as the central management platform responsible for the administration and coordination of various Social Investment Programmes (SIPs) implemented by the government. Among these initiatives, the N-Power scheme has gained significant recognition.
The N-Power scheme was established in 2016 with the aim of providing employment opportunities and financial support to unemployed graduates in Nigeria. Participants in the program receive a monthly stipend of N30,000 from the government. The scheme was primarily designed to address the issue of youth unemployment and contribute to social development, as reported by The Sun Newspapers.
During the flagging off of Batch C of the N-Power program in Abuja, Hajiya Sadiya Umar Farouq, the former Minister of Humanitarian Affairs, Disaster Management, and Social Development, announced that 500,000 applicants would be enrolled in the program, as reported by This Day. The N-Power program initially employed successful applicants in various categories, including N-teach, N-health, N-agro, and N-build. These beneficiaries were hired for a period of two years to gain work experience and acquire valuable skills.
However, upon the completion of their tenure, many N-Power beneficiaries faced the challenge of transitioning back into the job market without sustainable means of support. This issue highlighted the need for continuous efforts to address unemployment and provide long-term solutions for the beneficiaries.
Currently, the N-Power scheme is in its batch C phase. The beneficiaries of Stream 1 have completed their engagement, while the beneficiaries of Stream 2 are currently actively participating in the program. This phase aims to empower the beneficiaries through skills acquisition, job placement support, and entrepreneurship opportunities, enabling them to become self-reliant and contribute to the nation’s economic growth.
In a previous report by GoldenNewsNg.com, it was stated that the federal government, through NASIMS, officially confirmed the processing of backlog payments for all eligible N-Power beneficiaries. NASIMS assured the beneficiaries that the backlog payments were being processed gradually and in a step-by-step manner, ensuring that each beneficiary would receive their rightful entitlement.
The NASIMS announcement regarding the pending approval of payments for N-Power batch C beneficiaries indicates the government’s commitment to providing financial support and opportunities for Nigerian graduates. While the process may take some time, it assures the beneficiaries that their payments will be initiated promptly once the approvals are in place. This update brings hope to the N-Power beneficiaries, as they eagerly await the fulfillment of their entitlements and the realization of their financial stability.
The federal government’s continuous investment in social programs like N-Power demonstrates its dedication to addressing unemployment and fostering inclusive growth in Nigeria. By equipping young graduates with skills and financial support, the government aims to empower them to contribute effectively to the development of the nation, thereby creating a more prosperous and sustainable future for all.