N-Power Backlog Payment Update - October 19, 2023
Wednesday 18 October 2023
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N-Power Backlog Payment Update - October 19, 2023
In a significant development that holds the promise of relieving the financial strain on many, the Federal Government has officially announced the imminent distribution of the much-awaited 9-month backlog of stipends to N-Power beneficiaries, set to kick off in November. During a recent meeting with beneficiaries in Abuja, Akindele Egbuwalo, the national program manager of N-Power, shared this long-anticipated news. This announcement represents a substantial milestone in a journey where beneficiaries have patiently awaited 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, signaling a fresh commitment to job creation and empowerment.
Under the dedicated leadership of Dr. Betta Edu, the Honourable Minister, the RHJCP is positioned to expand its reach 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, encompassing both graduates and non-graduates, with the goal of providing them with opportunities for personal and professional growth. CONTINUE READING.....
The decision to restructure and audit the N-Power program underscores the government's commitment to ensuring the most efficient and transparent delivery of services to beneficiaries. Through this process, the Federal Government has successfully retrieved the necessary funds from existing payment service providers, clearing the path for the forthcoming disbursement of the backlog stipends. These payments will be disbursed in installments, a practical approach ensuring a systematic and fair distribution of the owed stipends.
FAQ - N-Power Backlog 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. Continue Reading....
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 the N-Power backlog payment marks a significant stride 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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