₦airaland Forum

Abrian550:
Chief, you said some guy writing Jamb will bring down the country on the 15th of June, if payment does not begin.

Hope it is still in effect? Hehe

Please he is not writing jamb but medical board examination, after 15th June then you get an update.

Nelsondiego69:
then what is the process to follow?

Once you pass NIN verification you are good to go.

According to Npower News, an Npower batch c stream 2 beneficiary has taken to Npower Facebook to post that he received Npower payment few minutes ago (see image below) please this report is not true as Npower payment has not started.
Npower payment to beneficiaries of Npower batch c will start when the suspension of Npower is lifted, at the moment only the conditional cash transfer program as a component of the National Social Investment Programme has been reactivated, beneficiaries of Npower are implored to ignore any news saying that Npower payment has started, Npower payment to Npower batch c beneficiaries has not started yet. When the suspension of Npower is lifted it will be published publicly on all verified Facebook and Twitter handle and across all media houses.

The Federal Government of Nigeria through the Ministry of Industry, Trade and Investment, said that only 1,000,000 out of 3,600,000 applicants will be beneficiaries of the federal government grant.

The federal government grant, which started March 9, 2024, offers financial grants of ₦50,000 without repayment to eligible nano micro small and medium enterprises operating in various sectors such as trading, food services, Information and Communications Technology, transportation, creatives, and artisans in the seven hundred and seventy four local government areas in Nigeria.

The federal government grant targeted 70% of women and youths, 10% of people with disabilities, and 5% of senior citizens, with the remaining 15% apportioned to other demographics.

The Ministry of Industry, Trade and Investment, in a Frequently Asked Questions and Answers said, “Disbursements aren’t based on any specific criteria, but in the order, applications are verified. The goal is to reach an estimated 1,290 beneficiaries per LGA across the country, totalling one million.

“Disbursement is also subject to verification of NIN, which became mandatory after the initial application phase and required only BVN. The selection is random, without human intervention, from those who have passed their NIN and BVN verification.”

Meanwhile, the Ministry of Industry, Trade and Investment also noted that there was not any interference in the processes because the verification was a digital one so individuals that applied for the federal government grant would not need to be contacted after verification, but the federal government grant disbursements will happen automatically if applicants passed.

Whether everyone who applied for the federal government grant will get the federal government grant, the Ministry of Industry, Trade and Investment stated, “No, of over 3.6 million applicants, only one million will receive the grant. This is the threshold based on the amount budgeted for nano businesses. The verification process for over three million applications has been thorough and therefore time-consuming, conducted in batches to minimize errors.”

The federal government grant only benefits people with nano businesses seeking to expand and be willing to formally register their businesses and hire at least one additional person as their turnover increases.

The requirements for the federal government grant included personal and banking information such as BVN and NIN.

The application for the federal government grant has closed since April 17, although some other federal government grant initiatives are still ongoing like the fgn alat etc. Disbursement of the federal government grant is ongoing until 1,000,000 beneficiaries have received their federal government grant.

Source: https://punchng.com/only-1m-of-3-6m-applicants-will-get-n50000-grant-fg/

Onabeem:
If you are seeing this don't waste your time, Fgn alat is pure scam, I have been on it for over a year now, and nothing from fgn or wema, they only gave me one useless certificate that I am now a cybersecurity professional

I do not totally agree to this.

samvariety:
Please how do I apply for the federal government grant?

But there is another one organized by wema bank in collaboration with the federal government it is called fgn alat https://fgn-alat.dimpified.com/register/ although its a training and if you qualify you are entitled to some form of grants.

Nelsondiego69:
there's people should do this through bank to every Nigerian with a valid nin, make una no dey stress people, na people we chop or get smartphones dey get strength do all these things or apply these things online, you people should pity the poor and needies pls, no discrimination

There is no discrimination this grant disbursement is very transparent, to receive the federal government grant just follow strictly all the process especially the NIN verification, without the NIN verification you will not receive any grant.

The student loan is set up by the Federal Government of Nigeria, the student loan is a beacon of hope
for Nigerian students pursuing higher education.

Easy Steps to Secure Your Student Loan

Step 1: Register on the student loan application portal by clicking the “APPLY NOW” button to get started

Step 2: Click on the "Request for Student Loan" button and complete the student loan application steps and submit.

Step 3: Your student loan application will be reviewed. After successful verification, payments will be made to your institution for institutional charge, while the upkeep loan will be paid to the bank account you have provided in your profile.

Frequently Asked Questions With Respect To The Student Loan

The following below are everything you need to know about the student loan and repayment:

Q. Under what circumstances would Nigerian Education Loan Fund (NELFUND) deny an application for the student loan?

A. If such an applicant is: Proven to have defaulted in respect of any previous loan granted by any license financial institution.
Found guilty of submitting fake/fraudulent documents and dismissed for exam malpractices by any school authority.
Convicted of fraud and forgery, drug offences, cultism, felony, or any offences involving dishonesty.

Q. Are there any documents to upload during the student loan application process?

A. Yes. Scanned admission letter for new students (compulsory), scanned Student Identification Card (optional).

Q. Is there any appeal process when a student loan application is denied?

A. A complaint can be raised from the student loan portal, or you can send an email to the NELFUND.

Q. What are the consequences of defaulting on the student loan?

A. Deliberate default could result in penalties, legal action, and potential damage to your credit score.

Q. How can I apply for the student loan?

A. Apply through NELFUND student loan application portal at https://nelf.gov.ng/

Benefits of The Student Loan

The following below are benefits of the student loan:


1) The student loan is a path to Educational accessibility without financial hurdles.

2) The student loan is an Interest-free loan for tuition fees.

3) The student loan provides equal access to higher education for all eligible candidates.

4) The student loan reduces financial stress on students and families.

According to Npower News, NIN is a major requirement for the federal government loan, loan applicants who have already filled the form should simply log in and update their loan application with their NIN.
The federal government loan is
transforming businesses, improving lives.
revolutionizing financial support and a game-changer in economic empowerment.

The Target Sectors for the federal government loan

Below are the businesses that are eligible to apply for the federal government loan:

A) Traders can apply for the federal government grant and loan: Traders include single retail marketers, corner shop owners, petty traders, market men and women in open markets.

B) Food Services can apply for the federal government loan:
Food services include food and vegetable Vendors.

C) ICT: ICT include business centre operators, battery chargers, recharge card vendors, call centre agents.

D) Transportation: Transportation include wheelbarrow pushers, independent dispatch riders.

E) Creatives: Creatives include makeup artists, fashion designers, drycleaners.

F) Artisans can apply for the federal government loan
Artisan include vulcanizers, shoemakers, painters, repairers.

The Federal Government of Nigeria will collaborate with the State Governments, Honourable Ministers, NASME (Nigerian Association of Small and Medium Enterprises), Senators, and House of Representative Members, who will use the Federal Government’s selection criteria below to shortlist the beneficiaries of the federal government grant and loan from their constituents.

The target beneficiaries for the federal government grant and loan are 70% women and youth, 10% people with disabilities, and 5% senior citizens, while the remaining 15% is distributed to other demographics.

Eligible applications which meet the selection criteria will be shortlisted.

Applicants interested can apply for the federal government loan here > https://www.fedgrantandloan.gov.ng/

Babamide:
Where are you getting all these information from??

From expert opinion

Onabeem:
I checked my portal and I was told that my nin has been updated, but I never receive shingbai

Yes you have not received because the federal government grant disbursement is still ongoing you will receive, most local government area have not reached the 1290 target.

meetme01:
What will happen if you don't attend to number 3

You might still receive the federal government grant provided you have successfully updated your NIN on the federal government grant portal.

How To Check If You Will Receive The Federal Government Grant Or Not

Lots of applicants are not sure whether they will receive the federal government grant or not.

Although I have posted this previously but for the purpose of individuals who missed this write up I will be posting this again.

Below are ways to check if you will be receiving the federal government grant:

1) Applicants that completed their federal government grant application successfully before the federal government grant application deadline will receive the federal government grant.

2) Applicants that completed the federal government grant application when the NIN column was not available on the federal government grant portal but updated their NIN manually when instructed to do so, will receive the federal government grant.

3) Applicants that were sent test messages to proceed to their local government area for data capturing and followed the instructions on the text message by proceeding to their local government area will receive the federal government grant.

4) Applicants that checked the federal government grant portal and used their phone number to check their NIN verification status and received the message "NIN already updated" will receive the federal government grant.

5) Applicants that applied successfully for the federal government grant before the deadline and checked the federal government grant portal and observed that the maximum number of beneficiaries for the federal government grant has not reached 1290 will receive the federal government grant.

6) Applicants that updated their NIN after the deadline for the federal government grant might not receive the federal government grant.

With the above, applicants for the federal government grant can know their stand whether they will be receiving the federal government grant or not. The federal government grant disbursement is ongoing and will continue until the 1,000,000 beneficiaries have all received the federal government grant.

The conditional cash transfer is a monthly base cash transfer of ₦25,000 every three months making ₦75,000, to the eligible mined from the National Social Register (NSR). The conditional cash transfer helps improve the consumption levels and encourages the poor and vulnerable develop savings skills. The overall objective of the conditional cash transfer is to reduce poverty, and to prevent the poor and vulnerable households from becoming poorer and builds and develop their ability to be better than what they were before when they start benefiting from the conditional cash transfer programme.



Frequently Asked Questions Regarding The Conditional Cash Transfer

Q. What is National Cash Transfer Office (NCTO)?

A. The National Cash Transfer Office (NCTO), is an arm of National Social Investment Programme (NSIP) under the Federal Ministry for Humanitarian Affairs, and Poverty Alleviation the management responsible for the Conditional Cash Transfers (CCT) to the poor and vulnerable groups in Nigeria under the Household Uplifting Programme (HUP).

Q. Why the Conditional Cash Transfer (CCT)?

A. The conditional cash transfer was established by the Federal Government of Nigeria to address the consumption needs of the poorest and most vulnerable households and improve human capital development of the citizens of Nigeria.

Q. What are the duties of the National Cash Transfer Office (NCTO)?

A. i) To ensure that only eligible and poor and vulnerable households from the national social register are selected as beneficiaries into the conditional cash transfer programme.

ii)To set up State Cash Transfer Unit (SCTU) including local government area and community levels.

iii) To engage payment service providers through transparent and open process to facilitate cash transfer to caregivers in the beneficiaries’ households.

iv) To ensure all beneficiary households are paid as at when due through selected payment service providers.

v) To facilitate empowerment of the Poor and Vulnerable Households (PVHs) to establish sustainable livelihood.

vi) To facilitate the early resolution of grievances at all levels.

Q. Is every poor and vulnerable Nigerian entitled to this ₦25,000.00 conditional cash transfer?

A. No, only the poor and the vulnerable households identified and captured in the National Social Register (NSR) will be enrolled into the conditional cash transfer programme.

Q. Why Grievance Redress Mechanism in the Conditional Cash Transfer Programme?

A. To enable beneficiaries of the Conditional Cash Transfer (CCT) and community members air their view, lay complaints and have an avenue and a channel where such complaint can be resolved.

Q. What are the conditions for state participation in the conditional cash transfer programme?

A. i) For a state to participate in the conditional cash transfer programme the state has to sign a Memorandum of Understanding (MoU).

ii) The state has to adopt the Programme Implementation Manual (PIM).

iii) The state has to develop the State Social Register (SSR).

iv) The state has to establish State Cash Transfer Unit (SCTU).

v) The state has to establish Desk Offices (DOs) in local government secretariats.

Q. Who will finance the Conditional Cash Transfer Programme?

A. States and LGAs will receive financial and technical support from the Federal Government of Nigeria to carry out their duties. The State Government will provide personnel and logistics support. States will be expected to ensure that the supply side facilities are provided as needed for co-responsibilities.

Q. How can the beneficiaries of the Conditional Cash Transfer Programme be identified during payment?

A. Beneficiaries of the Conditional Cash Transfer Programme (CCT) will be identified using electronic end-to-end payment
credentials. The National Cash Transfer Office (NCTO) will issue the Conditional Cash Transfer (CCT) programme identity card containing bio-metrics of beneficiaries upon enrolment of the eligible households. Each beneficiary has a unique identifier encoded in barcode and will be employed for cashing out.

Q. How can limited access to technology be addressed during payment?

A. Communities that have limited access to technological infrastructure, such as mobile phone coverage and internet, and financial infrastructure, will be paid using offline technology by utilizing the services of MMOs (Mobile Money Operators).

Q. How often will the payment for the Conditional Cash Transfer (CCT) be made?

A. The payment will be made once in three months (four times in a year).

Q. What are the benefits of the above payment approach for the conditional cash transfer?

A. The benefits of the approach include:

i) To ensure that the Conditional Cash Transfer benefits reach the poor and vulnerable households.

ii) An electronic trail of Cash Transfers is established, strengthening transparency, accountability, efficiency and safety.

Q. How will payment be made to beneficiaries of the Conditional Cash Transfer (CCT)?

A. The payment to beneficiaries of the Conditional Cash Transfer (CCT) will be made via cash transfer directly from the National Cash Transfer Office (NCTO) at Federal level using commercially available payment services in order to minimize the role of intermediaries.

Source: https://ncto.gov.ng/faqs.aspx

SMEDAN, Sterling Bank Launches ₦5,000,000,000 Loan For Nano, Micro, Small and Medium Enterprises (NMSMEs)



The Small and Medium Enterprises Development Agency of Nigeria (SMEDAN) in partnership with Sterling Bank Limited, on Monday, launched ₦5,000,000,000 initiative-Databanc loan to address financial gaps for Nano, Micro, Small and Medium Enterprises (NMSMEs).

Recall that the initiative was launched in Lagos with the theme: “Building with Data: Promoting Economic Growth through Data Driven Insights.”

Databanc is a ₦5,000,000,000 single digit loan to engender easier access to funds by Nano, Micro, Small and Medium Enterprises (NMSMEs).

Mr Bunmi Kole-Dawodu, the Lagos State Manager, for Small and Medium Enterprises Development Agency of Nigeria (SMEDAN), said the funding tool would be geared towards providing local and tailored made support for business at the smallest levels.

Kole-Dawodu added that the funding tool would provide access to markets and all factors to drive entrepreneurship.

Kole-Dawodu said the ₦5,000,000,000 loan initiative would aid Nigeria’s export potential and provide accurate data information about nano enterprises to drive their growth and sustainability.

Kole-Dawodu noted that Nano, Micro, Small and Medium Enterprises (NMSMEs) had hitherto complained about not having easy access to financial interventions.

“Now this platform would provide accurate data on nano, micro and small businesses in Nigeria while facilitating the requisite business support for these businesses.

“It is important to have the support of business membership organisations to help encourage members to go on the platform and register to foster data driven insights,” Kole-Dawodu said.

Kole-Dawodu restated SMEDAN’s commitment and dedication to the development of small businesses across the country and urged SMEs to trust in the agency for all round support.

Kole-Dawodu pledged to collaborate with partners, stakeholders and business organisations to further advance the cause of small businesses in the country.

The Director General, SMEDAN, Mr Charles Odii, said that data was critical to the agency to help it make more informed economic decisions to build small businesses ecosystem.

Mr Charles Odii said the agency as the vanguard for livelihood enhancement would continue to bridge the gap between the government and small businesses.

“One thing we have observed is that businesses are not responding or taking advantage of the various interventions out there for them.

“Databanc as a platform would help build products’ knowledge about small businesses and it is very important for entrepreneurs to be aware of this to help grow their businesses,” Mr Charles Odii said.

Mrs Bolanle Tyson, Head, SME Products, Sterling Bank Ltd., said Databanc was a ₦5,000,000,000 single digit loan to engender easier access to funds by nano and micro businesses.

Mrs Bolanle Tyson said the Databanc, a formalised portal to access funding without human interface for businesses with tax identification number, registered with the Corporate Affairs Commission, provided funding from ₦250,000 to ₦2,500,000 for one year.

Mrs Bolanle Tyson said that with the “SMEDAN Databanc Platform,” NMSMEs would be adequately captured with unique identifiers for business data integrity.

“The platform has a unique promoter ID, unique business ID generated for each business owner with seamless onboarding experience to provide exclusive business development and support initiatives generated through SMEDAN.

“It makes it easier to track businesses and provide creative solutions to foster business growth and sustainability by unlocking businesses’ potential with the SMEDAN ₦5,000,000,000 loan program for success,” Mrs Bolanle Tyson said.

Source: https://www.vanguardngr.com/2024/06/smedan-sterling-bank-unveil-n5bn-loan-for-small-businesses/

Federal Government Loan

Revolutionizing Financial Support

Introducing The Federal Government Loan - A Game-Changer in Economic Empowerment.

Below are the business that are eligible to apply for the federal government loan

A) Traders
These include single retail marketers, corner shop owners, petty traders, market men and women in open markets.

B) Food services
These include food, fruits and vegetable vendors, etc.

C) ICT
These include business centre operators, battery chargers, recharge card vendors, call centre agents.

D) Transportation
These include wheelbarrow pushers, independent dispatch riders.

E) Creatives
These include makeup artists, fashion designers, drycleaners.

F) Artisans
These include vulcanizers, shoemakers, painters, repairers.

A) Eligibility Criteria For The Federal Government Loan
The following below are the eligibility criteria before applying for the federal government loan

1).Existing business must be in operation for one (1) year.

2) Start-ups must be a registered business.

3) Provide CAC or SMEDAN business registration documents.

4) Company’s Bank Statement(s) for a period of one (1) year (for existing business)/ Chief Promoter’s (Director or Business owner) Bank Statement(s) for a period of one (1) year (for startups).

5) Have required monthly turnover and other things as may be requested by the bank.

B) Security For The Federal Government Loan

1) Personal Guarantee of the promoter

2) Acceptance of BVN Covenant (Global Standing Instruction- GSI), and any other thing that may be required by the bank

C) Repayment Frequency For The Federal Government Loan

Monthly equal installment (no moratorium) over a period of 3 years

D) Repayment term:

i) Asset Financing

Six Months moratorium on principal and interest, five years repayment period for asset financing only.

ii) Working Capital Financing

Twelve months equal installment of principal and interest

We prioritise transparency and efficiency, ensuring that the federal government loan is disbursed swiftly to deserving businesses.

The federal government loan application portal leverages cutting-edge technology to make the entire process accessible through smartphones and computers, allowing Small and Medium Enterprises (SMEs) to apply for the federal government loan from anywhere.

We understand the importance of financial education. Therefore, the federal government loan application platform provides resources and training to empower Small and Medium Enterprises (SMEs) with the knowledge to manage their federal government loan effectively.

Frequently Asked Questions Regarding The Federal Government Loan

Q. How will I know if I qualify for the federal government loan?

A. The criteria are provided on the website www.fedgrantandloan.gov.ng

Q. What are the terms of the federal government loan?

A. The federal government loan term is thirty six months for Micro Small and Medium Enterprises (MSMEs) and Manufacturers (Working capital) is twelve months, while Manufacturers (Asset financing) has a sixty-month tenor with a six-month moratorium.

Q. What if I do not meet the eligibility criteria for the federal government loan? Will I be considered?

A. No

Q. What is the interest rate of the federal government loan?

A. The interest rate for the federal government loan is 9% per annum.

Q. Is there a moratorium period for the federal government loan?

A. There is a 6-month moratorium period for Manufacturers applying for asset financing only.

Q. What if I cannot pay back the federal government loan?

A. The bank will apply all legal measures to recover the federal government loan from the borrower.

Q. Can I apply for the federal government loan with a partner company?

A. Yes. Applicant for the federal government loan must have a registered business either as a Sole proprietorship, Partnership, or a Limited liability company

Q. Is there an age limit for the federal government loan application?

A. Yes, there is an age limit applicants/promoters of the company applying for the federal government loan have to be 18 years and above.

Q. How long will it take from when I apply to when I get the federal government loan?

A. This is dependent on your bank; however, the federal government loan is typically expected to take 2 weeks to be disbursed.

Q. Can I apply with different companies?

A. No, multiple applications for the federal government loan will be disqualified.

Q. What are the repayment terms?

A. Equal and consecutive monthly repayment of principal and interest for the tenor of the federal government loan.

Q. How do I know the status of my application?

A. Applicants can check the status of their federal government loan application by logging into their profile. Once their federal government loan application has been forwarded to their banks for processing, they should follow up with their banks for updates.

Q. Can I reapply for the federal government loan if my application is rejected?

A. You may be able to reapply for the federal government loan if the reason for the rejection is a minor issue. You will be notified of the rejection and advised to provide additional information.

Q. When is the deadline for the submission of federal government loan applications?

A. The deadline for the federal government loan application will be communicated later.

Q. How do I access the federal government loan?

Apply for the federal government loan through the provided website www.fedgrantandloan.gov.ng while disbursement of the federal government loan will be done by your bank if the applicant meet the eligibility criteria.

Eligible applicants for the federal government loan who meet the selection criteria will be shortlisted.

According to Npower latest news on payment today Friday 7th June 2024, President Bola Ahmed Tinubu made a significant decision by lifting the suspension of the Conditional Cash Transfer (CCT) program, President Bola Ahmed Tinubu did this as he celebrated his one year in office. This decision by President Bola Ahmed Tinubu to lift the suspension of the Conditional Cash Transfer (CCT) program shows President Bola Ahmed Tinubu's continued dedication and commitment to supporting the poor and vulnerable households.

According to Npower News, President Bola Ahmed Tinubu in his one year in office speech did not say anything about Npower neither did he say when Npower payment for Npower batch c stream 2 would commence, what this simply means is that Npower is still under suspension by President Bola Ahmed Tinubu and the investigation by the Economic and Financial Crimes Commission (EFCC) with Betta Edu the ex-Minister for Humanitarian Affairs and Poverty Alleviation has not yet been concluded.

As earlier stated in previous publications, Npower payment to beneficiaries of Npower cannot start when Betta Edu has not been cleared by the Economic and Financial Crimes Commission (EFCC), Npower payment will start when Betta Edu has been cleared by EFCC and the suspension of Npower lifted by President Bola Ahmed Tinubu.

In conclusion with respect to the conditional cash transfer program, training of desk officers is currently ongoing in different states across the federation, the training in some states have been concluded but the cash transfer office across the states are waiting for the go ahead to commence enrollment of the poor and vulnerable households.

Npower Stream 2 Payment News Today on Payment

According to npower stream 2 payment news today on payment, the National Npower coordinator has taken to Facebook to say that if Npower payment does not commence lattest by Saturday June 15th, then there will be a massive demonstration at Abuja.
Recall that the Npower national coordinator in previous videos and publications had announced and inform beneficiaries of Npower batch c stream 2 that Npower payment will start by June and the suspension of Npower will be lifted. Although the conditional cash transfer which is a component of the National Social Investment Programme has commenced again, the Presidency is yet to mention anything regarding the lifting of Npower suspension nor the payment of outstanding stipends to beneficiaries of Npower.
According to Npower News, beneficiaries are implored to exercise patience till June 15th, once Npower payment is not made by June 15th then a massive demonstration will start this month. Beneficiaries of Npower are advised to make good use of the federal government schemes being rolled out as they await their Npower payment by June 15th all things being equal.

Npower Payment To Commence On Or Before June 15th - Npower National Coordinator

According to Npower News on Npower payment, the National Coordinator of Npower have taken to Npower Facebook to inform beneficiaries of Npower that Npower payment will take place on or before June 15th otherwise there will be massive demonstrations in Abuja. This statement was made on the National Association of Npower beneficiaries Facebook handle see statement below.

"After my Exams, I'll be ready to come back to the street and keep fighting for you. Anything beyond June 15th without Payments we are definitely going to stage another massive protest in Abuja.

At this point, all I need is your prayer as I dip into my Medical board examinations deeply!!!" the Npower National Coordinator said.

https://www.facebook.com/100093105862796/posts/pfbid0UAHZjr6QpVPRXADhFortk78nugVbT2cgS8ikg77pjG68gFrTvE9Hq1vCa8TP2GZAl/?app=fbl

Npower News Today Saturday June 1st 2024

According to Npower News, the National Association of Npower Beneficiaries thorough its social media handles have posted the message below;

"Congratulations to all Npower Beneficiaries!!

The Federal Government have lifted the Suspension of the National Social Investment Programs paving way for the Continuation of CCT, GEEP, NHGSPF and N-POWER."

According to Npower News, beneficiaries of Npower are implored to exercise patience, according to the Npower national coordinator in previous publications and videos online, the Npower National Coordinator said that " payment to beneficiaries of Npower will commence by June and the suspension of Npower will be lifted last month, this is the month of June, beneficiaries of Npower according to the Npower National Coordinator have been advised to exercise patience as they await their Npower payment this month.

Source: https://www.facebook.com/100093105862796/posts/pfbid0b651eE8AT7zmcB2ue3JdWPByKcPAG8V48466W6UyDvHVoWzFnvq8HRA9LekyvcvNl/?app=fbl

According to Npower News, the Federal Government on Tuesday May 28th, said it had reinstated the suspended social investment programme which includes Npower, revealing the scheme would provide direct payments to 75,000,000 Nigerians in 50,000,000 households to reduce the suffering of citizens, especially vulnerable groups.

The federal government stated that the cash transfer program was overhauled to combat fraud.

According to Npower News, the Minister of Finance and the Coordinating Minister of the Economy,
Wale Edun, announced this at the ministerial sectoral briefing to mark the first year in office of the President Bola Ahmed Tinubu's administration in Abuja.

On January 12, President Bola Ahmed Tinubu suspended all the programs administered by the National Social Investment Programme Agency including Npower for six weeks, as part of an investigation of alleged malfeasance in the management of the agency and the scheme.

President Bola Ahmed Tinubu also suspended Betta Edu as the minister for Humanitarian Affairs and Poverty Alleviation on January 8. Betta Edu supervises the operations of the National Social Investment Programmes Agency (NSIPA).

The intervention programs affected include Npower, the conditional cash transfer scheme, the government enterprise and empowerment programme, and the home-grown school feeding initiative.

On March 13, the House of Representatives asked the federal government to resume the implementation of the suspended social investment initiatives.

To revamp the program, President Bola Ahmed Tinubu approved the establishment of a Special Presidential Panel, led by Wale Edun to carry out an intensive review and audit of the existing financial frameworks and policy guidelines of the social investment programs.

Giving an update on the steps taken by the committee at the briefing, the finance minister stated that the government had decided to restart the program to provide succour for poor Nigerians.

Wale Edun said, “I am duty-bound to give you an overview of the strategy, policies, and implementation of Mr President’s reform program. Immediately upon assuming office, Mr President launched macroeconomic reforms to restore stability to the Nigerian economy, including subsidy reforms and foreign exchange market reforms. These reforms caused a spike in costs for individuals and businesses, but Mr President is committed to counterbalancing the negative effects with interventions across the social spectrum.

“The government has restarted the social investment program, providing direct payments to 75 million Nigerians in 50 million households. Access to credit has been improved, with N1bn allocated to consumer credit and grants of 50,000 Naira being given to 1 million nano industries.”

Speaking further, the Wale Edun stated that the federal government had initiated direct payments to contractors, suppliers, and vendors engaged by the government, evidently aiming to curb corruption in business dealings.

Wale Edun explained that this measure would guarantee the prudent and accountable expenditure of the nation’s wealth.

Wale Edun also revealed that the government was set to roll out an Economic Emergency Plan that would be implemented in the next six months. The plan, Wale Edun explained, would help stabilise the economy and set the country on the path of growth.

Wake Edun explained, “A system of payment has been implemented to ensure that Nigeria’s money is spent wisely and accountably. The government has played a role in helping states in attracting cheap funding and processing projects at the community level. Nigeria’s international credit rating has improved, with Moody’s and Fitch increasing and improving Nigeria’s rates to positive.

“The government is committed to counterbalancing the negative effects of economic reforms with interventions across the social spectrum. Infrastructure is key to growing the economy, building employment, and creating multiplier effects throughout the economy. A fund has been set up to provide institutional long-term funds to support housing construction and low-interest mortgages for the average Nigerian and we are working to attract cheap funding for states and process projects at the community level.”

Wale Edun added, “And as it was mentioned earlier, the pivot thing to CNG is a government policy not just for vehicles but for generators. They have to be either CNG-fueled or solar-based or electric vehicles.

“That is the new incentive structure. And it continues also in the oil and gas sector. There has just been a new set of incentives that are encouraging new investments. We expect $7bn worth of investment that has been sitting on the sideline to now come; similarly, in other sectors.

“A stable, growing economy attracts investment that increases productivity, grows the economy further, creates jobs and reduces poverty. That is the trajectory that Nigeria is now on.”

Npower News On Npower Registration Portal 2024

According to Npower News on Npower registration portal 2024, beneficiaries of Npower and prospective applicants of Npower should kindly note that Npower registration for 2024 has not started yet. Npower was suspended by President Bola Ahmed Tinubu months ago and Npower according to sources will resume very soon. Npower registration cannot start when series of investigations are being conducted in the Ministry for Humanitarian Affairs and Poverty Alleviation.
According to Npower News, beneficiaries of Npower and Npower applicants should be mindful of this fake Npower registration portal https://npower-fmhds-gov-ng./ see image below, this Npower portal have been telling Npower applicants to complete an Npower examination so that they can get their deployment letters, please this Npower portal is not real and completely fake, Npower applicants should be aware of this.
According to Npower News, Npower registration cannot start when beneficiaries of Npower batch c are being owed 9 to 12 months stipends, until these Npower payment is made to Npower batch c beneficiaries, Npower registration 2024 cannot start, when Npower registration starts it will be done under the National Social Investment Programmes Agency's website.

Ok

aylive02:
Delete this rubbish

He wants to rank in search engine lol

Npower News: Reasons Why 2024 Federal Government Grant Applicants Are Getting The Grant Before Others That Applied Earlier




According to Npower News lots of the federal government grant applicants have been asking why 2024 federal government grant applicants are getting the Federal Government Grant before 2023 federal government grant applicants.

The reason why 2024 federal government grant applicants are getting the federal government grant before 2023 federal government grant applicants are due to the factors below:

1. NIN Verification Process: The federal government introduced the NIN verification process in the federal government grant portal which was not included before this might result to the delay in disbursement of the federal government grant to 2023 applicants as a result of NIN verification check.

2. Federal Government Grant Batch Disbursement Process: The federal government grant disbursement is being carried out in batches, and it is possible that 2024 applicants for the federal government grant were processed during a batch where the system had been improved for efficiency.

3. Population Distribution: The federal government grant targets a population distribution with various individuals, including women, youth, people with disabilities, and senior citizens. 2024 federal government grant applicants might have a population distribution that focuses more on this individuals.

4. Short Code Delay: There were initial delays in sending out shortcodes for NIN verification, which have now been resolved. This could mean that 2024 federal government grant applicants did not experience these delays and, therefore, might receive the federal government grant disbursement promptly.

5. Eligibility Requirements: The eligibility requirements and selection process made by the Federal Government of Nigeria and the ministry for industry, trade and investment, could also cause the delay in the disbursement of the federal government grant to 2023 applicants.

According to Npower News the federal government grant disbursement is ongoing and will be done on a weekly basis until the number of beneficiaries gets to 1290 in each of the 774 local government areas, applicants that passed the NIN verification process and applied before the deadline will receive the federal government grant. The reason why the NIN verification is extremely important is to prevent duplicate applications so that an applicant will not receive the federal government grant twice. The federal government grant is disbursed in batches in order to prevent bottlenecks in the disbursement process and for smooth disbursement. The federal government grant disbursement will continue till the end of May.

Npower News 11th May 2024

According to Npower News 11th May 2024, the National Coordinator of Npower was seen in a video that surfaced online blaming beneficiaries of Npower for not being supportive of the movement for failing to upload and share their videos with respect to Npower payment so that a documentary can be made and forwarded to media houses such as channels tv, TVC etc.
Furthermore according to Npower News, the Npower National Coordinator said he asked beneficiaries of Npower to write an essay/write-up so that it can be forwarded to media houses but beneficiaries of Npower did not honour the request.
The Npower National Coordinator also spoke about the death of an Npower beneficiary in Zamfara state who lost his life to bandit.
In conclusion, the National Npower coordinator implored beneficiaries of Npower to make a video or write-up and forward to him so that he can forward it to media houses, and newspapers, such as Sahara reporters, Daily Trust, etc.
Watch details on the attached video below.
https://m.facebook.com/story.php?story_fbid=pfbid0mWkjV3pZAcgokb2hJPGpSotcDmj287AeijaLSvLMCGi1ViBFssJNZyvFWNLy4x58l&id=100070134780663

Npower News Friday 10th May 2024

According to Npower News Friday 10th May 2024, the National Coordinator of Npower said he has been receiving calls from beneficiaries saying that the news of Npower payment by June is fake, in response to this, the National Coordinator of Npower released a video clip (watch attached video below) in this video the Npower National Coordinator was seen countering this claim, the Npower national coordinator reemphasize that Npower payment to beneficiaries of Npower will start next month June and that the suspension of Npower will be lifted this month.
According to Npower News, the Npower national coordinator said that even other beneficiaries of the National Social Investment Programmes apart from Npower such as the National Homegrown School Feeding Programme will all receive their benefits. The Npower national coordinator said that yes, in the past the Presidency has fooled the beneficiaries of Npower, but not this time around, he said he does not post fake news. The Npower national coordinator also spoke about the federal government grant, he said that the federal government grant is ongoing and applicants for the federal government grant should be at alert and always monitor their phones for their federal government grant.
Watch attached video here> https://www.facebook.com/100070134780663/posts/pfbid0phRmW4A9X3fnDxdpJUqde2wqxJJ5pkQWAEwVb9HVLmkD2JrSNf2xGgnXgr7bXNM3l/

Npower Payment To Commence In June Npower Suspension To Be Lifted This Month

According to the National Coordinator of Npower nationwide, Npower payment to beneficiaries of Npower batch c will start in June 2024. The national coordinator of Npower disclosed this in a video that surfaced online today, the National Coordinator of Npower apologized to beneficiaries of Npower that have been trying to call him, he said that it was as a result of network that they cannot get through to him, the national coordinator of Npower also said that there is light at the end of the tunnel, the Npower national coordinator said that they are in touch with President Bola Ahmed Tinubu, NSIP and the Ministry, he said that the suspension of Npower will also be lifted this month May, the Npower national coordinator implored beneficiaries of Npower to be checking their phones for the payment of the federal government grant while awaiting for Npower payment.
According to Npower News, the National Coordinator of Npower said that the EXCOS are planning to go to Abuja to process the payment of the stipend being owed beneficiaries of Npower and to seek and appeal to the federal government to allow beneficiaries of Npower to apply for Npower batch d which will kick off by June.
Watch video here > https://www.facebook.com/100070134780663/posts/pfbid02YEbqsCh7qJWZNWR8YfJK37pVvM5t85pJs4f8KiWBZaAMKzRgmFJTJa4WWsmQGNDxl/?app=fbl

Curdlebug:
How can one check if he is been selected to get the grant?

Check the federal government grant portal