Current and ex-beneficiaries of the Npower scheme shared their experiences and pleaded that the next administration should sustain the social intervention scheme. Npower alongside other social intervention programmes was created by the Federal Government in 2016.

Investors King understands that under N-Power, graduates are expected to earn N30,000 and N10,000 for non-graduates as monthly stipends from the Federal Government until they exit the programme or secure permanent employment.

The scheme has three core segments, namely N-Power Volunteer Corps (for graduates), N-Power Build (for non-graduates) and N-Power Knowledge, which is also a non-graduate programme for the ICT-inclined.

Speaking on the impact of the scheme, one of the beneficiaries of the N-Power Knowledge Programme, Mr Umar Ahmed Sarki, said that the programme was of immense benefit to youths.

“The N-Power programme is a good one. We thank the government for empowering the youths with monthly stipends. We hope it will be sustained by the incoming administration’’, Sarki said.

Similarly, Abigail Thomas who benefited from the same programme said she would use the knowledge gained from the training on software engineering to develop applications that would help in solving some of the challenges facing humanity.

“I have been here since February. It has been an amazing experience as we were paid transportation fare to get here and we get paid N1,200 for daily feeding.

“The Federal Government should please sustain the programmes to give opportunities to other youths to benefit. This way, the vision of Buhari to lift 100 million Nigerians out of poverty in ten years will be achieved,’’ Abigail pleaded. 

Although the Npower scheme has been engulfed in some controversies such as diversion of funds and non-payment of monthly stipend as at when due, the programme, however, has been very impactful to millions of its beneficiaries, some of whom have gained meaningful employment after the programme while some are now running their own business.

Nkechi had been saving for months to take her dream trip to London. She had researched everything from flights to hotels, and had finally settled on a good deal with Virgin Atlantic. But just as she was about to make the payment, she noticed that the price had gone up significantly.

She couldn’t understand why the exchange rate had suddenly skyrocketed from N462 per dollar to N551 per dollar, as she had been keeping up with the news and hadn’t heard of any major changes in the forex market.

Nkechi soon found out that the increase was due to a recent move by foreign airlines to block their inventory of cheaper tickets in order to cushion the effects of the rising amount of trapped funds. Nigeria had the highest amount of foreign airlines’ trapped funds globally, with about $743m as of January that year. This had led to a backlog of unremitted funds which the airlines were unable to repatriate, resulting in the increase in the exchange rate for ticket sales.

Nkechi felt frustrated and helpless. She had saved diligently and now her dream trip seemed to be slipping away. She wondered why the government hadn’t done more to release the trapped funds and make things easier for travellers like her. She reached out to her travel agent, who explained that the increase in the exchange rate had led to an over 20 per cent increase in international airfares. This meant that the promo price for her Virgin Atlantic ticket had gone up from N800,000 to N1.1m.

Nkechi was devastated. She had to either pay the higher price or forfeit her trip. She decided to explore other options and eventually found a cheaper deal with a less popular airline. The trip wasn’t exactly what she had envisioned, but at least she was going to London.

As she boarded the plane, Nkechi couldn’t help but think about how the situation could have been different if the government had acted faster to resolve the issue of trapped funds. She knew that many travellers were still stranded and unable to afford the high airfares. She made a mental note to write to her representatives and urge them to take action.

Nkechi’s trip was filled with mixed emotions. She was grateful for the opportunity to travel, but also saddened by the knowledge that many others were unable to do the same. She hoped that the situation would improve soon, and that travellers like her would not have to suffer the consequences of bureaucratic delays and economic uncertainty.

The Federal Government has reiterated its readiness to commence the operation of the national carrier, Nigeria Air before the expiration of President Muhammadu Buhari’s tenure.

The Minister of Aviation, Hadi Sirika gave the assurance during the 2023 National Aviation Stakeholders Forum in Abuja.

Investors King recalls that in November 2022, a Federal High Court in Lagos issued an order of interim injunction directing the federal government to discontinue the establishment of the national carrier. However, in February, Sirika said in an interview that he was not aware of such a court injunction, noting that the Nigerian Air had come to stay

Sirika stated that efforts have been intensified and consultations made to deliver the national carrier for use before May 29, 2023.

He said, “Operation of local and international flights will commence soon. Before the end of this administration, before May 29, we will fly.

“Negotiation meetings with the Ethiopian Airlines Group Consortium and the Federal Government of Nigeria is ongoing. Next step: Federal Executive Council approval of the Full Business Case.”

The minister noted that the Nigeria Air will reduce capital flights and improve the nation’s aviation industry.

According to him, the national carrier will also increase the Gross Domestic Product (GDP) of the industry. The impact would also be felt in tourism, agriculture and economic sectors as it will expand its shores, aid smooth transportation and provide more jobs.

Speaking on the development so far, Sirika said that the federal government had begun transactions to foreign airlines’ whose ticket sales funds were held up by insufficient dollars. 

He said Qatar Airlines had $201 million trapped while for IATA airlines, $216 million was held. 

He however, assured that efforts are ongoing to get the money released, adding that some of Emirates Airline funds have been returned and now left with $35 million.