News

Npower News: Latest Update On Npower Payment for Beneficiaries

About 80% beneficiaries of the Federal Government of Nigeria-organised Npower scheme have received their September and October stipend.

Those who are yet to receive theirs are encouraged to exercise patience and also verify their details.

However, the November and December stipends are still pending. There are reports that the stipends will be paid to all beneficiaries in the first week of February.

Investors King had earlier reported that the stipend has been approved by the Federal Ministry for Humanitarian Affairs but there might be a delay in payment due to Nigeria Inter-Bank Settlement Scheme (NIBSS) validation, as this validation takes quite a while.

In view of this, graduate beneficiaries who are yet to resume are at their Place of Primary Assignment (PPA) on Wednesday, January 17, 2022 are advised to do so. This is to avoid being dismissed from the scheme.

The NPower scheme, set up by the President of Nigeria, Muhammadu Buhari on 8 June 2016 to address the issues of youth unemployment and help increase social development is currently undergoing backlash on social media for its failure to meet up with expectations.

The NPower scheme is categorized into Graduate Programmes and Non-Graduate Programmes and is targeted towards providing solutions to the nation’s under-developed public services like education, healthcare, and civic engagement.

The scheme recently included the resignation option on its portal, a development which has generated criticisms from the beneficiaries of the scheme, especially on social media.

Despite the scheme’s inability to meet up with payment of stipends, it still plans to enlist additional 400,000 Nigerian youths into the programme.

Meanwhile, all N-Power batch-c applicants are expected to update their profile and take test for possible shortlisting to the next stage of the N-Power application process. According to the National Social Investment Management System (NASIMS), all successful candidates will be sent a mail and given directions on the next stage while unsuccessful candidates can re-apply for the next batch of the programme as soon as it opens for application.

Investors King Contributor

Share
Published by
Investors King Contributor

Recent Posts

Stock Market Rallies as NGX Capitalisation Hits N64.5 Trillion

The Nigerian Exchange Limited (NGX) closed in the green on Wednesday as market capitalisation surged…

1 hour ago

NCC-Approved Tariff Adjustment to Spur $150M in Telecom Investments – GSMA

The recent 50% hike in telecommunication tariffs approved by the Nigerian Communications Commission (NCC) is…

2 hours ago

Pounds to Naira Black Market Exchange Rate Today, 30th January 2025

How Much is Pounds to Naira Today in Black Market? The British pound (GBP) continues…

2 hours ago

Dollar to Naira Black Market Exchange Rate Today, 30th January 2025

How Much is Dollar to Naira Today in Black Market? The dollar to naira exchange…

6 hours ago

How to Travel to Canada from Nigeria: A Complete Guide

Canada remains one of the most sought-after destinations for Nigerians due to its strong economy,…

11 hours ago

How to Convert Gift Cards to Naira: A Guide to Selling Your Gift Cards for Cash in Nigeria

Gift cards have become a popular means of gifting and making online purchases, but many…

11 hours ago