FG Commences Payment Of N30K Stipends To N-Power Beneficiaries

Laolu Akande, the Senior Special assistant on Media and Publicity to the Vice President, stated on Friday that the Federal Government has commenced the payment of the N30, 000 monthly stipends to beneficiaries of the N-Power program.

 He stated this in Abuja saying that beneficiaries would receive their stipends before the end of 2016 and the payment would continue after New Year’s public holiday.

 He said “All successfully verified beneficiaries who have provided bank accounts are being processed for payment.”
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“Some beneficiaries will receive their first stipends today December 30 (Friday).”

 Mr. Akande added that “Already, close to 50% of the 200,000 unemployed graduates selected in the first batch of N-Power job program have now been verified and being processed for December stipends payment.

 “This process will continue and some will receive their stipends after the New Year’s public holiday starting from Tuesday, 3^rd January.”

 The N-Power program is a scheme designed by the federal Government to drastically reduce unemployment and its main focus is to provide young graduates with the skills, tools and livelihood to enable them advance from unemployment, entrepreneurship and innovation.