Breaking: Federal Government Announces Payment Date for 9-Month N-Power Backlog Allowance

In a momentous turn of events, the Federal Government has officially declared that it will kickstart the disbursement of long-awaited stipends to N-Power beneficiaries to clear a 9-month backlog. This crucial update comes directly from Akindele Egbuwalo, the National Program Manager of the N-Power initiative, during a pivotal meeting with beneficiaries in the nation’s capital, Abuja. The groundbreaking revelation is a testament to the government’s commitment to the welfare and well-being of these beneficiaries.

Recovering the funds from existing payment service providers has been a meticulous process, which has now paved the way for the phased disbursement of these outstanding stipends. This approach to payment in installments ensures that beneficiaries can receive the support they deserve without further delay, all starting in the upcoming month of November.

In addition to the long-awaited payment, the N-Power program has undergone a transformation. It has been reborn as the “Renewed Hope Job Creation Programme (RHJCP)” to align with the new vision of President Bola Ahmed Tinubu. Under the able supervision of the Honourable Minister, Dr. Betta Edu, this revitalized program seeks to broaden its reach. Over the next five years, it aims to impact the lives of 5 million beneficiaries, with an impressive plan to absorb 1 million youths each year. This includes both graduates and non-graduates, providing them with renewed hope and prospects for a brighter future.

Trending: N-Power Payment News For Today 16 October 2023

The background to this remarkable announcement lies in the temporary suspension of the N-Power program. This suspension was crucial for thorough restructuring and a forensic audit, both of which were pivotal for the program’s sustainability and success. Through careful and diligent efforts, the government has successfully recouped the necessary funds, paving the way for this much-anticipated disbursement.

Notably, N-Power beneficiaries initially contemplated a national protest due to insufficient information and the protracted delay in payments. However, after receiving a comprehensive and transparent explanation from Egbuwalo, they have chosen to display patience and optimism. The beneficiaries are now hopeful about the enhanced implementation of the program and are eager to see that no one is left behind in the renewed hope agenda of the federal government.

This development underscores the government’s dedication to its social investment initiatives and its commitment to empowering the nation’s youth. It is a testament to the administration’s resolve to provide support where it is needed most, ensuring that beneficiaries can look forward to a brighter and more secure future.

Source The Nation.

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