FGN set to clear 4 months nPower payment Arrears - aksu360

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FGN set to clear 4 months nPower payment Arrears

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The Federal Government has promised to offset  4 months arrears of stipends it owed N-Power Build trainees, saying  that it would  launch a petty trader loan scheme called Trade Money. 

The Senior Special  Assistant  to the President on Job creation and Youth employment, Afolabi Imoukhuede said this in Abeokuta at the inauguration of the N-Power training workshop at the Job Centre Initiative, JCI. Imoukhuede said: “The Federal Government is aware that some of you are yet to get your monthly stipend, this was because some of you had errors in linking your BVN to your account and you received a message in that regard. We want to ensure the right person gets paid. Let me assure you that at the next payment, some of you will get up to four months arrears of your stipends, it is better to keep hold of your money than to pay it to the wrong person.” 

As part of our poverty strategy, President Muhammadu Buhari will launch a new loan scheme called Trade Money. Apart from the already existing National social investment programmes like Conditional Cash Transfer and Government Enterprise Empowerment programme, GEEP, this new programme will help the petty roasted plantain sell and biscuit seller to assess up to N10,000  loan  to support their business.

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