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Npower News: Ex-Beneficiaries Appeal to FG for Startup Loans
Ex-beneficiaries of the Npower scheme have appealed to the Federal Government to fulfill its promise of startup capital for the exited beneficiaries.
After more than 18 months, ex-beneficiaries of the Npower scheme have appealed to the Federal Government to fulfill its promise of startup capital for the exited beneficiaries.
The beneficiaries who gathered in Bauchi State, the home state of the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Faruk lamented that after submitting their business plan, the government has not gotten back to them on the promised loan.
A leader of the group simply identified as Salihu Umaru noted that the exited Npower beneficiaries attended training in March 2022 organised by the ministry of humanitarian affairs in conjunction with the CBN where they were assured of government loans.
Umaru noted that while they appreciate the federal government’s gesture to allow them to volunteer for more than three years, they however need government intervention to be financially independent.
“At this point, the peaceful and law-abiding N-power beneficiaries in Bauchi State on behalf of all other beneficiaries in Nigeria are appealing to President Muhammadu Buhari GCFR, through the office of the minister to fulfill the long-awaited promise to N-power volunteers for them to become self-reliant,” Umaru stated.
Investors King understands that the Batch A beneficiaries of the Npower scheme who were engaged in 2016 spent more than three years. The extension of their programme was due to the 2019 general election.
Meanwhile, the management of the Npower scheme has called for patience while it resolves all payment backlogs as well as the August stipend.
Investors King had reported that NASIM which is the management platform for the Npower scheme revealed its technical team is working hard to clear all backlogs which are a result of technical errors. It also noted that the August stipend will be paid soon.
The assurance and clarification became necessary when a number of Npower Batch C, Stream 2 beneficiaries expressed concern about the delayed payment of the August stipend. Many of them have taken to social media to express their displeasure about the delayed payment.