The N-Power program is a Nigerian government initiative designed to reduce youth unemployment and poverty. It was established in 2016 by the administration of former President Muhammadu Buhari and has since provided employment and skills training to over a million young Nigerians.
N-Power beneficiaries are paid a monthly stipend, which is the subject of this article. We will discuss the amount of the stipend, how it is paid, and when beneficiaries can expect to receive their payments.
Amount of the stipend
The N-Power stipend is currently N30,000 per month for all beneficiaries. This is a significant increase from the previous amount of N20,000 per month. The increase was announced in 2023 by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq.
How the stipend is paid
The N-Power stipend is paid directly into the bank accounts of beneficiaries. Beneficiaries are required to provide their bank account details during the registration process. The stipend is usually paid on a monthly basis, but there may be delays from time to time.
When to expect payment
N-Power beneficiaries can expect to receive their stipends on the last day of each month. However, there may be delays from time to time, depending on a number of factors, such as the availability of funds and the processing of payments by banks.
The N-Power stipend is a significant source of income for many beneficiaries. It helps them to cover their basic living expenses and invest in their future. The increase in the stipend amount in 2023 was a welcome development for beneficiaries. However, there have been some challenges with the payment of the stipend in the past. The N-Power program is taking steps to address these challenges.
When will I receive my first N-Power stipend?
A: N-Power beneficiaries can expect to receive their first stipend on the last day of the month in which they are deployed to their place of primary assignment (PPA).
How often will I receive my N-Power stipend?
A: The N-Power stipend is paid on a monthly basis.
What happens if my N-Power stipend is late?
A: If your N-Power stipend is late, you should contact the N-Power support team for assistance.
Can I withdraw my N-Power stipend from my bank account?
A: Yes, you can withdraw your N-Power stipend from your bank account. However, you should be aware that some banks may charge a fee for withdrawals.