Categories: News

Delay in Approval of N-Power Batch C Payments Leaves Beneficiaries in Limbo

The hopes of thousands of N-Power Batch C beneficiaries have been dashed as the federal government, through the National Social Investment Management System (NASIMS), confirmed on Monday that their payments are yet to be approved.

Despite the anticipation surrounding the much-awaited financial support, beneficiaries now find themselves caught in a state of uncertainty.

In a statement released on NASIMS’ official Facebook page, the agency acknowledged the delay, assuring beneficiaries that once the payment is approved, it will be initiated without further delay. However, no concrete timeline was provided, leaving beneficiaries anxious about their financial situation.

The N-Power program, which is a part of the government’s efforts to alleviate poverty and provide employment opportunities for Nigerian youth, has been instrumental in empowering thousands of beneficiaries in previous batches. However, this delay in payment approval has led to frustration and concern among the newly selected Batch C beneficiaries.

Expressing their disappointment, Mr. Ahmed Yusuf, a prospective beneficiary from Lagos, stated, “We have been eagerly waiting for our payments, as many of us are in dire need of this financial support. This delay is causing a lot of uncertainty and anxiety among us.”

Another beneficiary, Ms. Amina Ibrahim from Kano, echoed similar sentiments, saying, “We were overjoyed to be selected for the N-Power program, but the delay in payments is disheartening. We hope the government addresses this issue urgently.”

The delayed approval of payments not only impacts the beneficiaries’ financial stability but also undermines the objectives of the N-Power program. The program aims to equip young Nigerians with the skills necessary for employment while simultaneously supporting their socioeconomic well-being. However, without timely payments, beneficiaries face difficulties in meeting their basic needs and participating fully in the program.

Contacted for comments, a representative from NASIMS declined to provide further details but reaffirmed the agency’s dedication to resolving the payment approval issue as quickly as possible. The representative urged beneficiaries to stay tuned to official channels for updates regarding their payments.

Samed Olukoya

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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