An additional N4500 has been approved by the FG as a grant to purchase skill enhancing electronic gadgets for beneficiaries of the N-Power initiative.

The Federal Government has added an additional N4500 grant to the beneficiaries of the N-Power Volunteer Corps as 150,000 of the 200,000 engaged graduates have confirmed getting their N30,000 monthly stipends.

Laolu Akande, Senior Special Assistant on Media & Publicity to the President, Office of the Vice President made this disclosure while giving an update today on the Social Investment Programmes of the Buhari administration.

Akande revealed that at the last count 149, 669 Nigerian graduates of the 200,000 engaged by the Federal Government under the N-Power Volunteer Corps are now collecting their monthly stipends of N30,000 monthly having been physically verified and deployed across the 36 states and FCT.

Explaining the new addition, Akande said the FG approved the additional N4500/monthly to all the 200,000 N-Power beneficiaries to purchase an electronic device which would be loaded with different applications that would further enhance the skills of the beneficiaries and afford them additional training opportunities during the two-year duration of the job program.

In his words: “This device grant is in conjunction with the Bank of Industry (BoI) who has extended an asset finance of 20 months to each of the 200,000 N-Power beneficiaries.

“While each of the beneficiaries after being verified would select their choice of device amongst nine different BOI pre-approved vendors, the price ranges from N3,000 to N6,700 monthly deductions for the next 20months.

“Therefore in some cases the N4500 device grant would cover the full monthly deduction cost while in other cases the graduate authorizes BOI to deduct the additional differential cost from their monthly stipends depending on the device chosen,” he said.

He said almost 100,000 graduate N-Power beneficiaries have completed their orders for the devices as at press time, adding that the Bank of Industry is in charge of effecting the orders made. The plan is to conduct the order of the devices in two batches of 100,000 each, one after the other.

Akande noted that 6 of the 9 BOI pre-approved vendors are indigenous local brands in pursuit of the Buhari administration’s push for Local Content.

On the remaining beneficiaries who are yet to collect their monthly stipends, Akande explained the reasons behind the delay.

“The balance 50,000 of the 200,000 beneficiaries engaged by the FG are those who so far could not be paid for various reasons. These include those who were disqualified during verification on the basis of age-over 35, and inadequate academic qualification. The N-Power is for university, polytechnics and College of Education graduates only. There were also some of the selected 200,000 who were ‘no shows’ meaning they simply did not report for verification at all,” he explained.

Explaining further, Akande said: “Others who could not be paid were those whose personal information details were faulty, including those whose marital status have changed. There are also those who used different names and differing personal information. And lastly there are also those whose banking information simply do not match with their BVN banking records.

“In the case of those whose marital status have changed, Akande explained that their information is now being updated through the various States and FCT Focal Persons and then they would be represented for payment. He also disclosed that those who have sought redeployment to other states are among the 50,000 and in such cases, they will be considered alongside those to be replaced from the N-Power waiting list where necessary.

“The process for the replacement of those who did not show up and those disqualified would also resume shortly to bring the number back to 200,000 for the first batch of the 500,000 promised by the Buhari administration,” he said.

It was further disclosed that all the 149,669 N-Power beneficiaries now collecting their stipends have been physically verified and deployed, while their given bank account information have also been matched with the Bank Verification Number.

The SSA said that, in December, about 112,475 of the N-Power graduate beneficiaries received the N30,000 monthly stipends, and the number came close to 150,000, both in January and February meaning about that number are now receiving their up-to-date stipends from the N-Power Volunteer Corps.

Akande also noted that now beneficiaries across the 36 States of the Federation, and the FCT have been verified, totaling the 150,000 figure.

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...this N-POWER scheme appears more successful that the YOUWIN crap of the previous administration...kudos to the present administration!

For those of us in Ondo state who were physically verified Dec. 2017, we're yet to receive sms nor posted, no gadgets, no feedback. Still waiting though.

Have the 2017 candidate started receiving anything?

aminta2:
Have the 2017 candidate started receiving anything?

I don't understand this news. Are they talking about we that got verified in December 2017?

We have not been paid joor.

I seem not to be understanding the quoted statement here... Please can someone help out.......


“Therefore in some cases the N4500 device grant would cover the full monthly deduction cost while in other cases the graduate authorizes BOI to deduct the additional differential cost from their monthly stipends depending on the device chosen,” he said.

MummyIMadeIt:
I seem not to be understanding the quoted statement here... Please can someone help out.......


“Therefore in some cases the N4500 device grant would cover the full monthly deduction cost while in other cases the graduate authorizes BOI to deduct the additional differential cost from their monthly stipends depending on the device chosen,” he said.

the price for the device is to be paid by the FG across 20months at the cost of 4500 per month, which is equal to 90000 for the device grant, but some devices to be distributed cost up to 110000naira like the speedstar tablet, so the volunteers that chose any device that exceeds N90000 will have to pay the difference spread across 20months frm his stipend, so it will nw be 110000-90000=20000. 20000/20=-1000 frm your allawee for 20months for choosing a device above 90000.

SUPERPACK:
the price for the device is to be paid by the FG across 20months at the cost of 4500 per month, which is equal to 90000 for the device grant, but some devices to be distributed cost up to 110000naira like the speedstar tablet, so the volunteers that chose any device that exceeds N90000 will have to pay the difference spread across 20months frm his stipend, so it will nw be 110000-90000=20000. 20000/20=-1000 frm your allawee for 20months for choosing a device above 90000.

Ok thanks alot.... More like a subsidy

OK ,but what is the plan for the beneficiaries @ the end of the program .

honestivo:
OK ,but what is the plan for the beneficiaries @ the end of the program .

There is a parable in my place that says ,goat that has put head in a put of food ,will fine it difficult to removed it.

MummyIMadeIt:


Ok thanks alot.... More like a subsidy

we call it tool grant, because devices like samsung, afri-2-in 1, z-pad, and brian npower tab are totally free because they are under 90000.

efficiencie:
...this N-POWER scheme appears more successful that the YOUWIN crap of the previous administration...kudos to the present administration!

yes

honestivo:
OK ,but what is the plan for the beneficiaries @ the end of the program .

they will settle all

Topman0001:
For those of us in Ondo state who were physically verified Dec. 2017, we're yet to receive sms nor posted, no gadgets, no feedback. Still waiting though.

very soon

Topman0001:
For those of us in Ondo state who were physically verified Dec. 2017, we're yet to receive sms nor posted, no gadgets, no feedback. Still waiting though.

hmmm

They hv started it