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Npower: Latest Update On January, February Payments
The National Social Investment Management System (NASIMS) has commenced the activation of the January stipend for Npower beneficiaries.
Investors King gathered that the Npower January stipend might be paid anytime from next week.
The Ministry of Humanitarian Affairs, Disaster Management and Social Development assured that all failed payments will be re-activated and disbursed to affected beneficiaries.
While enjoining the affected NPower beneficiaries to exercise patience, the minister, Hajia Sadiya Umar Farouq advised that all information given on the portal has to be correct and well updated.
Meanwhile, the ministry disclosed that the Npower NEXIT training will begin on the 14th of March, 2022.
Investors King had earlier reported that the NPower Exit training and package is an exited strategy for the transition of Npower beneficiaries at the end of their duration in the Npower programme.
As part of plans to implement the exit programme, the ministry has collaborated with Entrepreneurship Development Institutes (EDI) for the conduct of the NEXIT Loan Training across the States of the Federation.
The Central Bank of Nigeria (CBN) is expected to disburse loans to all exited Npower beneficiaries who have indicated an interest in the NEXIT training.
The CBN will provide soft Loan amounts between N250,000 to N3million to enable the exited beneficiaries to proceed in a business enterprise of their choice.
According to Nneka Ikem, the SA media to Minister of Humanitarian Affairs Sadiya Umar Farouq, only 370,000 former Npower beneficiaries expressed interest when the CBN portal was opened.
The NEXIT loan training is expected to be held across various states in the country from 14th-18th March 2022.
The NEXIT programme is expected to create a platform for Nigerian owned financial services companies to grow whilst empowering and creating job opportunities for Nigerian youths.
The N-Power scheme is one of the Social Investment Programmes (SIP) of the Muhammadu Buhari administration. It involves the temporary recruitment of unemployed graduates between the ages of 18 and 35 in various sectors including education, agric, among others.