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N-Power : FG settles outstanding payments, set to enrol new 1m beneficiaries

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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The minister of humanitarian affairs, disaster management and social development, Sadiya Umar Farouq, has denied rumours that some N-Power beneficiaries are being owed.

Speaking on Thursday in Abuja during a two-day sensitization workshop for journalists, she said the payment was done by the Office of the Accountant-General of the Federation and all outstanding debt had been paid.

Recall that some beneficiaries from Batch B had claimed in the past that they were owed the 30,000 naira stipends being paid by the government.

“We have sorted out all the backlogs of N-Power payments with the Office of the Accountant-General of the Federation and we have moved on to the next batch,” she said.

Farouk explained that N-Power was a component of the National Social Investment Programme which was introduced to curb the growing tide of poverty, unemployment, and social insecurity in Nigeria.

“N-Power is the job creation and economic component of the NSIP for young unemployed Nigerians.

‘It has provided temporary income-generating opportunities for 500,000 unemployed youths of Batches A and B N-Power beneficiaries.

“Currently, the ministry is about concluding the enrollment of 1,000,000 Batch C applicants in two streams of 500,000 in the first instance and another 500,000 later,” she said.

She disclosed that under the National Social Register, a total number of 6,969,230 households and 29,766,599 persons had been captured.

She also noted that about 4,000,000 households and 20,000,000 persons were to be added to the social register, as one million households and 5.6 million persons had been captured under the Conditional Cash Transfer.

 

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