Do you remember my post, “2016 Npower to Continue Earning Stipends in the Enhanced Stage to be Announced”? There, I updated you on the Npower report that the 2016 beneficiaries to be “promoted” to the ENHANCED STAGE. Only a few could have believed that story if I didn’t add the official source.
But now, all have known this is really. But something is more real than ENHANCED STAGE as the beneficiaries will continue to collect their N30,000 monthly stipend after completing their two years in the scheme and even before the government announces the alleged next stage.
As if Npower is all about 2016 beneficiaries, the announcement below follows the scheme’s 37 million Naria Impact Series Competition. A competition which aims at awarding best-impacted beneficiaries a million naira from each stage of the nation.
Let’s remind ourselves about how Npower works.
All beneficiaries of Npower 2016 (intakes) are to end their services by November this year – making two years of earning the federal allowee. While some earn a total sum of N720,000 at the end of November, some with certain delay and logistics may earn less than that or beyond November, to complete their own 24 months in service
Most of these beneficiaries are worried they will be left opened to the street and back to square zero if their service day comes to an end – come this November end.
However, they received one of the good news when the support team announced the Federal Government under the administration of President Buhari will continue to engage these people but under a new or sub programme called ENHANCED STAGE.
While waiting for the announcement of this stage, all 2016 intakes believed their payments may cease if the stage is not officially announced before November end.
With the look of things, the alleged stage may not be announced until a later date as it appears lots are being taken into consideration before the stage is opened.
The Good News
However, all hope is not lost – it’s just renewed, as the Npower support team just released a new report that, the 2016 beneficiaries will continue to receive their monthly alerts while the government is working on the modalities the ENHANCED STAGE will take.
Hence, joy is in the air as no need to panic again. Money flows in while you await the next stage.
In a related development, Maryam Uwais, the Special Adviser to the president on the Social Investments Programmes recently opened details of how Npower is financed.
Today, unlike programmes of the past, we are doing things differently. All our 520,000 N-Power youth (both graduate and non-graduate) are selected through an online platform. Their identities are authenticated through their BVN and bank details (submitted online) by NIBSS, after which the names are deployed to the States for physical verification. Our funds are hosted by the Ministry of Budget and National Planning, and once authenticated. wo merely pass the schedule of names to the MBNP, who then submit the funds for payment to their bank accounts, through NIBSS. Neither the States nor the Federal level are able to interface with or interfere in the selection or payment processes, as we are utilising technology for the purpose.
Having said that, some critics have come online to go against the plan of the federal government. Most opined that this was for only political purpose as the APC led government was only trying to bait unsuspecting Nigerian youth to vote for them come 2019.
What is your position on this? Drop your views in the comment section below.
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