In a significant development that promises to alleviate the financial burdens of many, the Federal Government has announced the imminent disbursement of the long-awaited 9-month backlog of stipends to N-Power beneficiaries, with the commencement slated for November. Akindele Egbuwalo, the national program manager of N-Power, recently unveiled this long-anticipated news during a meeting with beneficiaries in Abuja. This announcement marks a substantial milestone in a journey that has seen beneficiaries awaiting their due stipends for an extended period.
As part of the comprehensive restructuring and reformation efforts aimed at streamlining and enhancing the N-Power program, the Federal Government has not only addressed the backlog of payments but has also rebranded the program as the “Renewed Hope Job Creation Programme (RHJCP).” This rebranding is aligned with President Bola Ahmed Tinubu’s new vision, signaling a fresh commitment to job creation and empowerment.
Trending: Breaking: Federal Government Announces Payment Date for 9-Month N-Power Backlog Allowance
Under the dedicated supervision of Dr. Betta Edu, the Honourable Minister, the RHJCP is poised to expand its outreach, with an ambitious goal of targeting 5 million beneficiaries over the next 5 years. In this endeavor, the program intends to absorb 1 million youths annually, encompassing both graduates and non-graduates, in an effort to provide them with opportunities for personal and professional growth.
The decision to restructure and audit the N-Power program is a testament to the government’s commitment to ensuring the most efficient and transparent delivery of services to beneficiaries. As a result of this process, the Federal Government has successfully recovered the necessary funds from existing payment service providers, paving the way for the forthcoming disbursement of the backlog stipends. These payments will be made in installments, a pragmatic approach that ensures a systematic and equitable distribution of the owed stipends.
READ ALSO: Apply for NITDA’s N5 Million Grants for AI Research
FAQ – N-Power Backlog Payment Announcement
Q: When will beneficiaries receive their N-Power backlog payments?
A: Beneficiaries can expect to start receiving their N-Power backlog payments in November 2023.
Q: What is the new name for the N-Power program, and why was it rebranded?
A: The N-Power program has been rebranded as the “Renewed Hope Job Creation Programme (RHJCP)” to align with President Bola Ahmed Tinubu’s vision, signifying a renewed commitment to job creation and empowerment.
Q: How many beneficiaries will the RHJCP target over the next 5 years, and what are the eligibility criteria?
A: The RHJCP aims to target 5 million beneficiaries over the next 5 years, with 1 million youths being absorbed annually, both graduates and non-graduates. Detailed eligibility criteria will be provided by the program.
Q: How were the necessary funds secured for the disbursement of the backlog stipends?
A: The Federal Government has successfully recovered the required funds from existing payment service providers through a comprehensive restructuring and audit process.
Q: What is the payment plan for the N-Power backlog stipends?
A: The backlog stipends will be paid in installments, ensuring a systematic and equitable distribution to beneficiaries.
Read More: Latest News On US Dollar To Nigerian Naira Black Market Rate Today 16 October 2023
In conclusion, the Federal Government’s announcement regarding the N-Power backlog payment represents a significant step towards fulfilling its commitment to empower and support Nigerian youth. As the RHJCP takes shape and beneficiaries eagerly await their pending stipends, this endeavor exemplifies the government’s dedication to creating renewed hope and opportunities for a brighter future. For more comprehensive details on this development, you can access the full article here.
JOIN NOW
https://t.me/PAWSOG_bot/PAWS?startapp=6ZSAPFb3
Google News Channel
Follow us on Google News for Latest Headlines
Join Our WhatsApp, Facebook, or Telegram Group For More News, Click This Link Below;
WhatsApp Channel
https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h
WhatsApp Group
https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk
Facebook Page
https://facebook.com/allmedia24news
Our Twitter Page
https://www.twitter.com/allmedia24news
Telegram Group
https://www.threads.net/@allmedia24news
