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Npower April Stipend Update: Enrollees To Be Paid From Early Next week – Minister

Are you among the 500, 000 N-Power enrollees who are desirous of knowing when their April allowances from the Federal Government would be paid? If so, this piece of information is for you.

Recall that hundreds of thousands of the N-Power enrollees have literally been left in the lurch when they would receive the allowances following the lockdown foisted on the global community by coronavirus.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq

But the government through the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq assured yesterday that enrollees would get their April stipend by next week.

The Minister who spoke during the daily briefing by members of the Presidential Task Force on COVID-19 said the payment process N-Power beneficiaries was at the final stage.

“It is in the final stage of payment and by early next week, they will get their payment Insha Allah.”

The N-Power is an important interventionist programme of the federal government which seeks to address the challenge of youth unemployment by providing a structure for large scale and relevant work skills acquisition.

Its primary target is youths within the age ranges of of 18 and 35, but target beneficiaries would need to meet certain conditions.

The federal government under Buhari has floated some initiatives to help support the poor and vulnerable in the society anchored on the Social Investment Programmes (SIP).

On the one hand, there is the Government Enterprises Entrepreneurship Programme (GEEP), which was established as an intervention programme to tackle lack of funding to the Micro, Small and Medium Enterprises (MSMEs).

The GEEP encompasses ‘Tradermoni’, ‘Farmer Moni’ and ‘Market Moni’, all aimed at provide micro credit to needy segments of the population.

While Tradermoni is an interest-free loan to petty traders and artisans, Market Moni was established to provide financial aid for the underbanked and unbanked at no interest rate, besides a five per cent administrative fee.

As laudable as all these in conception, the issue has always been how effective in delivering its ideals they are.

Experts believe that if nothing, the N-power should be a testament to whatever claims the authorities may be making in terms of supporting the Nigerian vulnerable.

THE EAGLE

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