NPower addresses the challenge of youth unemployment by providing a structure for large scale and relevant work skills acquisition and development while linking its core and outcomes to fixing inadequate public services and stimulating the larger economy.
With the 2-year tenure of the 2016 Npower beneficiaries to end in December 2018, the Federal Government has decided to extend payment of the stipends of the Batch 1 beneficiaries.
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A statement by the Senior Special Assistant on Media and publicity, 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 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 NPower 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 NPower 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 NPower beneficiaries were given the opportunity to select and own electronic devices/tablets for continuous learning as they grow, depending on the selected vocations of entrepreneurship, and to boost the Knowledge Economy.” he said