N-Power Payment News Today, 22nd December 2023
Thursday 21 December 2023
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In recent developments, the Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has announced substantial strides in the resumption of arrears disbursement to N-Power beneficiaries. Commencing on Wednesday, the payments are set to continue until all beneficiaries receive their outstanding dues.
During her appearance on Channels Television's Politics Today on Thursday, Edu underscored the government's dedication to addressing the arrears accrued during the previous administration led by President Muhammadu Buhari. She assured N-Power beneficiaries nationwide that the ongoing payment process is designed to rectify the financial backlog from the preceding government. CONTINUE READING....
Edu emphasized the government's commitment to restructuring the payment system, with a primary goal of reducing unemployment and fostering job creation for Nigerians. The N-Power initiative, initiated in 2016 by President Buhari, aims to combat youth unemployment and contribute to social development.
Regarding the temporary suspension of the N-Power program under President Bola Tinubu's administration, Edu clarified that the government is actively working to resolve outstanding issues from previous years before relaunching the program. She explained that delays in payment were attributed to a consulting firm responsible for managing the funds, resulting in beneficiaries not receiving their dues for several months. CONTINUE READING.....
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To rectify this, the government recovered the funds from the consulting firm, directing them to the government's TSA CBN account. Edu elaborated on the ongoing scrutiny of beneficiaries, a time-consuming but essential process to ensure transparency and accuracy in the disbursement of funds.
The minister urged N-Power beneficiaries to exercise patience as the government diligently works to settle all outstanding payments. The Renewed Hope N-Power program is yet to be relaunched, with the current focus on resolving financial issues accumulated in previous years.
As the government takes steps to address the challenges inherited from the past, N-Power beneficiaries can expect a gradual and systematic resolution of payment arrears, ultimately contributing to the overall success of the program in reducing unemployment and fostering economic growth.
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