The Vice President, Yemi Osinbajo has announced the extends 2016 N-Power beneficiaries’ stipends with the 2-year tenure of the 2016 N-power beneficiaries to end in December 2018, the Federal Government has decided to extend payment of the stipends of the Batch 1 beneficiaries.
A statement by the Senior Special Assistant on Media and publicity to the vice president, Laolu Akande, said that the funds for the continued payments have already been provided for in the 2018 budget.
He said that beyond the payments of stipends, the Federal Government is also exploring further options to seamlessly transition the beneficiaries from the Government job programme to positions where they are able to earn a sustainable income through a plan, designed to enable them to become valuable, all-rounded employees, employers or entrepreneurs.
He said “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 and also partaking 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’
“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 program in an objective, efficient and transparent manner, without the need for ‘connections’ to anyone of influence.
“Based on conservative projections, the N-Power scheme would provide jobs for at least 10 million Nigerians by 2023.
“Since it commenced in 2016, the N-Power scheme, which has beneficiaries in all the LGAs of the 36 States of the Federation and the FCT, has so far, provided jobs for half a million young Nigerian graduates nationwide.
“In addition, all the N-Power beneficiaries were given the opportunity to select and own electronic devices/