Latest N-Power News Roundup For Today Thur Sept 17, 2020

A pleasant day to you and welcome to the latest N-Power news headlines update for today, Thursday, September 17th, 2020, on AllNews.

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Here are the latest N-Power news headlines:

N-Power July Stipends: 45 Days After Disengagement, Beneficiaries Still Owed

Exited Batch B beneficiaries of the Federal Government's N-Power scheme have still not been paid their July stipends.

Recall that Batch A beneficiaries exited the programme on June 30 after four years in the famed scheme, while their Batch B counterparts officially made their exit on July 31st - after two years. Read more here.

N-Power: Nigerian Social Commentator Bares Thoughts On Exit Of Batch A, B Beneficiaries

A social commentator, Mustapha Kabir Soron Dinki has said that "the worst part of N-Power programme is the attempt to throw 500 thousand children of poor whom were strangulated by Coronavirus to labour market to restart wandering in the society".

Dinki, who was an N-Power beneficiary, via his known Twitter handle on Wednesday posited that "if occurred, the scheme has no tangible impacts". Read more here.

N-Power: 'Future Of Exited Beneficiaries More Important Than Capital Projects' - Political Analyst To Buhari

A Political Analyst, Mustapha Kabir Soron Dinki has told President Muhammadu Buhari that "the future of the exited N-Power volunteers is more important than capital projects".

Dinki, who was an N-Power beneficiary, via his known Twitter handle on Wednesday posited that "human investment is better than constructing metro lines". Read more here.

ICYMI: N-Power Not Solving Nigeria’s Unemployment Problem, By Odewale Abayomi

The National Bureau of Statistics, NBS, on Friday, August 14, 2020, released the statistics on unemployment for the second quarter, Q2, of 2020 after a long hiatus since the third quarter, Q3, of 2018. The percentage of unemployed people stands at 27.1 per cent. The last report which was released in 2018 showed the rate at 23 per cent. Apparently, within two years, the unemployment rate in Nigeria rose by four per cent.

This points to – among other things – the fact that President Muhammadu Buhari’s social and welfare programmes for the unemployed and less privileged, which are touted in various fora as a panacea to the perennial unemployment problem in Nigeria have not been effective. Read more here.

ICYMI: Six Businesses N-Power Beneficiaries Can Take Advantage Of

The number of N-Power beneficiaries are 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 the government could begin to cut down on N-Power funds in order to reimburse money-generating sectors. Read more here.

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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!