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FG Rebrands N-Power, Unveils Payment Structure For Backlog Of Stipends
EKO HOT BLOG reports that the federal government has assured that N-power beneficiaries would start getting paid the backlog of their entitlements as from November.
The national programme manager of N-Power, Akindele Egbuwalo who made the disclosure during a meeting with some N-Power beneficiaries in Abuja., however, added that the payments would be done in instalments.
The development was confirmed in a statement issued in Abuja on Monday, October 16, by the national communication manager of the National Social Investment Programme Agency (NSIPA), Jamaluddeen Kabir.
Egbuwalo also revealed that the N-Power programme has been renamed Renewed Hope Job Creation Programme (RHJCP).
The statement read: “As a result of the temporary suspension of the programme for thorough restructuring and forensic audit, funds have been recovered from the existing payment service providers and plans have been put in place by the programme to commence disbursement of the 9 months outstanding stipends to beneficiaries from November 2023. Payments will be carried out in installments.”
Apart from the renaming of the scheme, Egbuwalo also added that 1 million youths would be absorbed every year to meet the expanded target of 5 million beneficiaries.
He stated: “In line with the new agenda of President Bola Ahmed Tinubu, the N-Power programme will be continued as Renewed Hope Job Creation Programme (RHJCP) under the supervision of the Honourable Minister, Dr. Betta Edu, which will be expanded to target 5 million beneficiaries in 5 years where 1 million youths will be absorbed each year under the graduate and non-graduate stream.”
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