A pleasant day to you and welcome to the latest N-Power news headlines update for today, Friday, September 18th, 2020, on AllNews.
The CEO Of Youth 4 Change Network (Y4CN), Mustapha Kabir Soron Dinki has told the Federal Government of Nigeria that "there is nothing to waste time for amid N-Power payment of July, backlogs, and transition plan".
Dinki, who was an N-Power beneficiary, via his known Twitter handle on Thursday stated that the exited beneficiaries "need humanitarian support". Read more here.
300, 000 erstwhile enrollees of the Nigerian government's N-Power scheme are yet to get paid their July stipend.
N-Power graduate beneficiaries are paid a monthly stipend of N30, 000, meaning over nine billion naira is being spent as remuneration on Batch B beneficiaries by the Nigerian government every month. The Federal Government had repeatedly and publicly put their figure at 300, 000. Read more here.
The number of N-Power beneficiaries is increasing daily, with about 5 million persons applying for the last one. But with Nigeria's economy heading for recession, it's uncertain if the Federal Government will be willing to continue paying N-Power beneficiaries for the long-term, as the government continues to seek ways to cut spending due to low revenue.
The social intervention programme has been sustaining the unemployed or lower class households since President Muhammadu Buhari's administration came to power. The benefit of N-Power to the economy is limited, and government could begin to cut down on N-Power funds in order to reimburse money-generating sectors. Read more here.
And that’s all for today on the latest N-Power news. Be sure to get more Nigerian news updates on this dependable online news medium. Do enjoy the rest of your day!
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