N-Power Backlog Payment Update – October 18, 2023

In a significant move set to alleviate financial burdens for many, the Federal Government has officially announced the forthcoming disbursement of the much-awaited 9-month backlog of stipends to N-Power beneficiaries, scheduled to commence in November. Akindele Egbuwalo, the national program manager of N-Power, disclosed this long-anticipated development during a recent meeting with beneficiaries in Abuja. This announcement marks a substantial milestone in a journey that has seen beneficiaries waiting for their due stipends for an extended period.

As part of the comprehensive restructuring and reform 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 in line with President Bola Ahmed Tinubu’s new vision, symbolizing a renewed commitment to job creation and empowerment.

Under the diligent supervision of Dr. Betta Edu, the Honourable Minister, the RHJCP is gearing up to expand its outreach, with an ambitious goal of targeting 5 million beneficiaries over the next 5 years. In this endeavor, the program aims to absorb 1 million youths annually, covering both graduates and non-graduates, providing them with opportunities for personal and professional growth.

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The decision to revamp and audit the N-Power program underscores the government’s dedication 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 disbursed in installments, ensuring a systematic and equitable distribution of the owed stipends.

FAQ – N-Power Backlog Payment Announcement

Q: When are the N-Power backlog payments scheduled to commence?
A: The N-Power backlog payments are set to begin in November 2023, offering financial relief to beneficiaries.

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.

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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.

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