N-Power Latest News On Payment Today 16th December 2023

N-Power Payment Update – Director Clarifies Delay, Reveals Fund Reallocation

In the latest update concerning N-Power, the Director of Finance and Account at the National Social Investment Programmes (NSIP) under the Federal Ministry of Humanitarian Affairs and Poverty Alleviation has brought clarity to the prolonged wait for beneficiaries’ stipends. During a recent session defending the budget, the director outlined how funds initially allocated for N-Power stipends were redirected to other ministries, causing disruptions in the stipend distribution.

Buy Cheapest Data Price
Our Data Prices On Alrahuzdata:
- MTN SME 1: N255 per 1GB
- MTN SME 2: N259 per 1GB
- Airtel CG: N278 per 1GB
- Glo CG: N230 per 1GB
- 9mobile: N125 per 1GB
Download Our Mobile APP to get started: [JMData] https://play.google.com/store/apps/details?id=com.encrypted.jmdata

Highlights from the Director’s Brief:

1. Reallocation of recurrent funds from the Social Investment office.
2. A significant sum of N127 billion diverted from the social investment office, originally intended for N-Power stipends.
3. Category 1 (C1) beneficiaries received a comprehensive 15-month stipend covering both the 12-month service period and a 3-month exit package.
4. Category 2 (C2) beneficiaries received stipend payments for the period spanning October to December 2023.
5. N-Power Batch C2 beneficiaries are awaiting 9 months of stipends from January to September 2023.
6. A total of 440,000 eligible beneficiaries are currently awaiting these stipends.

Trending: FG’s N50,000 Grant and Palliative Loan Scheme: Check Your Application Status for Nano Business Grants

Ministry’s Financial Challenges:

The director underscored the Ministry’s struggles in securing funds for the N-Power program, attributing the payment delays to these challenges. The Ministry is actively exploring avenues to secure additional funds to meet the outstanding stipends for N-Power Batch C2 beneficiaries.

Minister’s Prior Remarks:

While the Minister had previously hinted at fund recovery and forthcoming beneficiary payments, the director’s insights provide a deeper understanding of the financial complexities faced by the Ministry in managing the N-Power program.

Watch the Director’s Insightful Explanation:

For those seeking a more in-depth understanding, a video containing the director’s comprehensive explanation on the issue can be found below. Despite the hurdles, the Ministry remains steadfast in its commitment to resolving the situation and ensuring the timely disbursement of stipends.

READ ALSO: Renewed Hope Job Creation Programme News On N-Power Pending Payments as of 14th December, 2023

N-Power Payment Delay – Frequently Asked Questions (FAQ)

Q1: Why are N-Power stipend payments delayed?
The delay in N-Power stipend payments is attributed to the reallocation of funds from the Social Investment office to other ministries, as explained by the Director of Finance and Account at NSIP during a recent budget defense session.

Q2: How much funding was reallocated, and from where?
Approximately N127 billion was redirected from the social investment office, specifically designated for N-Power stipends, contributing to the delay in payments.

Q3: Which beneficiaries are affected by the delay?
All N-Power Batch C2 beneficiaries are currently awaiting 9 months of stipends, covering the period from January to September 2023.

Q4: Have Category 1 (C1) beneficiaries been affected?
Category 1 (C1) beneficiaries received 15 months of stipends, inclusive of the 12-month service year and a 3-month exit package, minimizing their impact.

Q5: How many beneficiaries are waiting for stipend payments?
Currently, a total of 440,000 eligible beneficiaries are awaiting stipend payments, particularly N-Power Batch C2 beneficiaries.

Q6: Are there efforts to resolve the payment delays?
Yes, the Ministry is actively working to secure additional funds to settle the outstanding stipends owed to N-Power Batch C2 beneficiaries.

Q7: What challenges did the Ministry face in obtaining funds?
The Ministry faced difficulties in obtaining funds for the N-Power program, leading to the delayed payment of beneficiaries.

Q8: Is there assurance of future payments for affected beneficiaries?
Despite the challenges, the Ministry, as mentioned by the Director, is committed to securing additional funds to ensure the timely disbursement of stipends.

Q9: Where can I find more details on the Director’s explanation?
For a comprehensive understanding, you can watch the video containing the Director’s explanation here.

Q10: How can beneficiaries stay updated on the situation?
Beneficiaries can stay informed by following official channels and announcements from the National Social Investment Programmes (NSIP) and related government agencies.

READ ALSO: Call for Applications: Apply Now for RIoT Accelerator Programme Empowering African IoT Innovators

Follow us on Google News for Latest Headlines

https://whatsapp.com/channel/0029VaELqhlHVvTXjDnUf80h

https://chat.whatsapp.com/G6Lo3ss6WKLCOqBphZwQGk

https://facebook.com/allmedia24news

https://www.twitter.com/allmedia24news
Telegram Group

https://t.me/allmedia24

https://www.threads.net/@allmedia24news

RECEIVE NEWS FROM EMAIL

Email address:

Leave this field empty if you're human: