N-Power Payment News Today – October 19, 2023

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In a significant update with the potential to alleviate financial burdens for many, the Federal Government has officially declared the impending disbursement of the long-anticipated 9-month backlog of stipends to N-Power beneficiaries, set to kick off in November. This announcement was made by Akindele Egbuwalo, the national program manager of N-Power, during a recent meeting with beneficiaries in Abuja. It marks a substantial milestone in a journey where beneficiaries have eagerly awaited their long-overdue stipends.

As part of the extensive restructuring and reform initiatives aimed at streamlining and enhancing the N-Power program, the Federal Government has not only addressed the backlog of payments but has also introduced the “Renewed Hope Job Creation Programme (RHJCP).” This rebranding is in alignment with President Bola Ahmed Tinubu’s new vision, signifying a fresh commitment to job creation and empowerment.

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Under the dedicated leadership of Dr. Betta Edu, the Honourable Minister, the RHJCP is poised to expand its reach, with an ambitious goal of targeting 5 million beneficiaries over the next 5 years. This initiative aims to absorb 1 million youths annually, encompassing both graduates and non-graduates, providing them with opportunities for personal and professional growth.

The decision to restructure and audit the N-Power program reflects the government’s unwavering commitment to ensuring efficient and transparent service delivery to beneficiaries. As a result of this process, the Federal Government has successfully secured the necessary funds from existing payment service providers, paving the way for the forthcoming disbursement of the backlog stipends. These payments will be released in installments, ensuring a systematic and equitable distribution of the owed stipends.

FAQ – N-Power Payment Update

Q: When are the N-Power backlog payments scheduled to be made?
A: The N-Power backlog payments are set to commence in November 2023, providing 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: Over the next 5 years, how many beneficiaries will the RHJCP target, 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, including 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.

In summary, the Federal Government’s announcement regarding N-Power payments represents a significant step towards fulfilling its commitment to empower and support Nigerian youth. As the RHJCP unfolds and beneficiaries eagerly anticipate their pending stipends, this effort underscores the government’s dedication to creating renewed hope and opportunities for a brighter future.

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