The Federal Government has indicated its readiness to continue the payment of stipend to beneficiaries of the N-Power 2016 Batch 1 beyond December this year.
A statement issued to confirm the position of government on the extension of the stipend payment by Senior Special Assistant to the President on Media and Publicity Office of the Vice President, Laolu Akande, indicated that funding for the continued payment had been captured in the 2018 budget.
He stated that in addition to payment of the stipend, government was also exploring further options to move the beneficiaries from the government job programme to position them where they would able to earn sustainable incomes.
The Presidential aide stated that the transition would be through a plan, designed to enable them become valuable, all-rounded employees, employers or entrepreneurs.
He clarified: “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”, Akande added.
According to him, based on conservative projections, the N-Power scheme will provide jobs for at least 10 million Nigerians by 2023.
He hinted that since the scheme which had beneficiaries in all the LGAs of the 36 States of the Federation and the FCT commenced in 2016, it had so far provided jobs for half a million young Nigerian graduates nationwide.
Akande maintained 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 nation’s knowledge economy.
