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Npower Latest News: Npower Payment Update as at December 2

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The Npower programme has been under a lot of criticism lately for its inability to pay the programme’s beneficiaries their stipends since September. This article will be providing updates concerning the programme, payment of stipends and other updates concerning it.

Earlier in the week, the National Social Investment Management System (NASIMS) posted on its Facebook page that there had been a reversal of payment status. NASIMS apologized for the incident, saying that the reversal was caused partly by instability in network, causing it to bounce back after waiting days to “clinch the next payment process has elapsed.” They stated that they were working on resolving it, and all qualified beneficiaries would be paid eventually.

Then on Thursday, NASIMS addressed a Facebook post to the unpaid beneficiaries of Batch C1. The post informed beneficiaries that payment of the outstanding September stipend had begun.

This comes at a period when the affected beneficiaries are going through a frustrating period, considering the economic situation of the country (with rising prices of food and other products) approaching the festive period. It will come as a relief to many that at least one part of the outstanding payments has commenced, when the demand for the payment has been high in recent weeks.

NASIMS then implored the beneficiaries to continue monitoring their accounts closely, in case they are credited with their stipends without receiving any alerts. The Management System also confirmed that correction of any issues associated with payment is still ongoing, and once again assured the beneficiaries that all those concerned and qualified will be paid.

After posting the update concerning the September payment, NASIMS went ahead to speak concerning the October and November stipend payments. The Management System once again stated that in order to avoid false information, beneficiaries should bear in mind that the payment of the October and November stipends have not started.

NASIMS said that it was still working on issues concerning payment and hoped to settle everything as soon as possible.

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Education

Cloud-Based Analytics Platform Class54 on A Mission to Drive Exam Success Rates For Students

Class54 has unveiled tools that use Artificial Intelligence (AI) to enhance high success rates for students preparing to write the Nigerian university entry examination and the Unified Tertiary Matriculation Examination.

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Class54, a Nigerian startup that offers an all-in-one solution for students to prepare for exams efficiently, has unveiled tools that use Artificial Intelligence (AI) to enhance high success rates for students preparing to write the Nigerian university entry examination and the Unified Tertiary Matriculation Examination.

With a mission to empower students by providing them with a quick revision guide, exam simulator, question engine, and cloud-based analytics platform, students can practice from the comfort of anywhere they are.

All they have to do is to download and install the Class54 mobile app which is available on both iOS and Android or the Windows desktop software to get started.

Class 54 has a rich plethora of well-explained past and curated questions by experts which help students prepare for and pass their examinations with excellent grades.

Students can also access the summary of recommended novels, practice questions by their preferred topics, or practice questions by how hard or easy they prefer them to be.

Instructions on each subject are presented with detailed explanations for every question, complete with clearly labeled diagrams. To boost adoption among target users across Nigeria, the applications have been optimized to work even with limited internet access.

To access the platform to begin practice, it costs a token of NGN1,000 for One-month access, NGN1,500 for 3-months of access, and NGN3,000 for 1-year access.

Speaking on the solution, Co-founder and Chief Technology Officer Oluwasegun I’ve said, “We have built an amazing technology based on artificial intelligence which helps students improve their grades in a record time as they prepare for major examinations in Nigeria.

“Our technology tracks their progress and recommends the next-best action to take to get the best grades in their examinations. This has enabled us to raise the average pass rate for candidates who used the class54 App in the 2022 JAMB examination to 73.54%, up from the 21% national average just in our first year alone.”

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Npower News: Npower Batch C Stream 1 Beneficiaries to Receive August Stipend

The Federal Government has said Npower Batch C Stream 1 beneficiaries will start receiving their August 2022 payment soon, a reliable source stated.

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The Federal Government has said Npower Batch C Stream 1 beneficiaries will start receiving their August 2022 payment soon, a reliable source stated.

Meanwhile, the management of Npower has begun to post Npower Batch C Stream 2 beneficiaries to their respective Places of Primary Assignment (PPA)

Investors King learnt that Npower Batch B Stream 2  beneficiaries can now view and download their Place of Primary Assignment on their individual dashboard. 

This is coming after several weeks of anticipation. It could be recalled that the redeployment page on the Npower portal disappeared a few days ago. Apparently, it was in preparation for beneficiaries’ redeployment. 

Batch C Stream 2 beneficiaries can log in to the Nasim website https://nasims.gov.ng/ to check their PPA.

National Social Investment Management System (NASIMS) is the central management platform for the administration and coordination of all Social Investment Programmes under the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. 

Meanwhile, the Minister of Humanitarian Affairs, Sadiya Umar Faruk has stated that the exit plan for Batch C Stream 1 beneficiaries is almost complete.

According to the Minister, an exit management plan will be made available on the Nasim portal which will allow beneficiaries to move automatically to the next phase which is the loan program. 

She further disclosed that outgoing beneficiaries will be able to access a loan in the range of N250,000 to N3,000,000. 

The loa will be made available through the Central Bank of Nigeria (CBN) intervention programme. The loan is expected to help outgoing beneficiaries to start a business that will guarantee a stable income. 

Established in 2016, Npower was created to address the issue of youth unemployment in Nigeria and help to create social development. The scheme was created as part of the National Social Investment Program for unemployed graduates and non-graduates between the ages of 18 and 35. 

The scheme currently has six categories which include N-Teach, N-Health, N-Agro, N-Build, N-Creative and N-Tech. 

N-Teach and N-Health are exclusively for the graduates while N-Agro, N-Build, N-Creative and N-Tech are available to both graduates and non-graduates. 

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Sport Business

Qatar Will Spend $220 Billion to Host 2022 FIFA World Cup

Qatar will spend $220 billion to host the 2022 world cup which is $208 billion higher than what was spent in 2018

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Qatar will spend $220 billion to host the 2022 world cup which is $208 billion higher than what was spent in 2018. 

As the 2022 FIFA World Cup draws nearer, investigations have revealed that the host country, Qatar is expending a whopping sum of $220 billion to host the most watched sporting event in the world 

Investors King understands that this was $208 billion higher than what was used to host the last edition of the FIFA World Cup in Russia. 

It could be recalled that Russia spent $11.6 billion to host the 2018 FIFA World Cup. 

The 2022 FIFA World Cup is scheduled to hold between the 20th of November and the 18th of December 2022. The opening ceremony will take place at the 60,000-capacity Al Bayt Stadium. 

This is the first time that the FIFA World Cup is being held in the Middle East and the second time it will be hosted by an Asian Nation.

In preparation for the much-anticipated sporting event, the government of Qatar has built a new city ‘Lusail’ where the final will be conducted at the iconic Lusail Stadium. 

It was reported that the oil-rich nation ‘Qatar’ is spending $500 million every week on construction, infrastructure, hospitals, hotels, airports, and several new stadiums.

About 1.5 million people are expected to arrive in Qatar for the FIFA World Cup. Out of the eight stadiums prepared for the world cup, seven of them are newly built with world-class facilities. 

Financial Analysts have estimated that the world cup will create more than one million jobs for the country across key sectors like construction, real estate, hospitality and tourism. 

Besides, analysts opined that activities surrounding 2022 world cup will increase Qatar’s Gross Domestic Product (GDP) by 4.1 percent while it will contribute about $20 billion to the economy in the near time. 

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