News

Npower News: Latest on Npower Payment For July and August

As several beneficiaries of Npower are receiving their July stipend, the management of Npower has disclosed that payment for the August stipend will begin soon.

Investors King learnt that Batch C, Stream 2 Npower beneficiaries will soon receive their August allowance as they are getting set to exit the program. 

Batch C, Stream 2 beneficiaries of may however not receive another stipend after August. Although, they are hopeful that Npower’s management will extend their exit period. 

A few of the affected beneficiaries who spoke to Investors King are praying for the extension of the programme for another six months. 

A beneficiary with the name Alade Okunola stated that he is hopeful that NASIM, which is the management of Npower will extend their duration till after the election in order to gratify batch C Stream 2 beneficiaries to vote for the ruling party.

He said, ” I don’t think we will exit the program this year. You know that the 2023 election is around the corner.  So, I am hopeful that they will extend our duration for at least another six months”. 

Meanwhile, Investors King had earlier reported that NASIM has started paying the July stipend for batch C, Stream 2 beneficiaries. 

A number of beneficiaries have started receiving their July stipend while NASIM is trying to resolve all issues with payment delay.

A message which NASIM sent to one of the Npower Batch C, Stream 1 beneficiaries partly read ” We apologise for the issue you have with your stipend. Please note that our technical team are currently working on resolving all backlogs payment.” 

NASIM is the management organ for all the federal government social intervention programmes which include Npower, Government Enterprise and Empowerment Programme (GEEP), National Home Grown School Feeding Program (NHGSFP) and the Conditional Cash Transfer (CCT).

Investors King

Share
Published by
Investors King

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

5 hours ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

5 hours ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

5 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

6 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

7 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

7 hours ago