- The federal government says it will pay stipends to the 2016 Batch 1 N-Power beneficiaries, beyond 2018
- The government is also exploring options to move the beneficiaries from the job programme to positions where they would be able to earn a sustainable income
- The Buhari administration projects that the N-Power scheme would provide jobs for at least 10 million Nigerians by 2023
The federal government has decided to continue paying the stipends of the N-Power 2016 Batch 1 beneficiaries beyond the expiry month of December 2018.
The statement issued by Laolu Akande, senior special assistant to the president on media and publicity, office of the vice president, on Monday, October 22, in Abuja, said funding for the continued payments is contained in the 2018 budget, NAN reports.
Legit.ng gathers that Akande, however, said that beyond the payments of stipends, the federal government is also exploring further options to seamlessly move the beneficiaries from the government’s job programme to positions where they would be able to earn a sustainable income.
He said that the transition would be through a plan designed to enable them become valuable, all-rounded employees, employers or entrepreneurs.
“The plan is basically an extension of the exit date of December 2018 for the first batch of 200,000; to enable them continue to offer their valuable services in their various communities, while still earning their stipends.
“They are also to partake in the Enhancement Programme that would seamlessly transition them into numerous economic opportunities in both the public and private sectors of the economy.
“The N-Power is a job employment and empowerment scheme for hitherto unemployed Nigerian graduates under the Buhari administration’s National Social Investment Programmes (N-SIP).
“The scheme is the largest post-tertiary employment programme in Africa, comprising N-Power beneficiaries that are paid a monthly stipend of N30, 000 and are deployed as volunteers into various sectors of need in the public space, such as health, agriculture, education and public finance.
“For the first time in Nigeria, the N-Power beneficiaries applied and were selected for the programme in an objective, efficient and transparent manner, without the need for ‘connections’ to anyone of influence," he said.
He said that based on conservative projections, the N-Power scheme would provide jobs for at least 10 million Nigerians by 2023.
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Akande said that since it commenced in 2016, the N-Power scheme, which had beneficiaries in all the LGAs of the 36 states of the federation and the FCT, had so far, provided jobs for half a million young Nigerian graduates nationwide.
He said that all the N-Power beneficiaries were given the opportunity to select and own electronic devices for continuous learning as they grew; depending on the selected vocations of entrepreneurship, and to boost the knowledge economy.
Meanwhile, Legit.ng previously reported that Vice President Yemi Osinbajo disclosed that 500,000 graduates had so far been recruited under the federal government’s N-power programme.
Osinbajo disclosed this at a conference tagged: 'Harnessing demographic dividend for sustainable development in Nigeria: The role of religious leaders,' organised by the United Nations Population Fund, in Abuja.
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