In this blog post, we will take you into the details of this announcement, providing insights into the planned disbursements, recovery of funds, and the broader implications for N-Power beneficiaries.
In a significant development for N-Power beneficiaries, the Federal Government of Nigeria has confirmed its commitment to clearing the long-standing 9-month backlog of payments. This welcome news came from the national program manager of N-Power, Akindele Egbuwalo, who revealed the government’s plans to initiate the payments in November. This transformative program has also been given a fresh name: the Renewed Hope Job Creation Programme (RHJCP).
Transitioning to Renewed Hope Job Creation Programme (RHJCP)
The first revelation by Akindele Egbuwalo is the renaming of the program to the Renewed Hope Job Creation Programme (RHJCP). This name change symbolizes the government’s renewed commitment to job creation and economic empowerment through the N-Power initiative. It sets the stage for a revitalized approach to tackling unemployment issues in Nigeria.
Recovery of Funds from Payment Service Providers
Akindele Egbuwalo further shared that funds for the backlog payments have been successfully recovered from the existing payment service providers. This is a crucial step in the process, as it ensures that the government has the necessary resources to fulfill its promise to N-Power beneficiaries. It demonstrates the government’s financial responsibility and accountability.
Payment in Installments
One important detail unveiled during this announcement is that the payment of the 9-month backlog will be done in installments. While this may raise questions about the exact payment schedule, it is a positive sign that the government is taking steps to address the backlog systematically and prudently. This approach ensures that beneficiaries will receive their payments in a structured and manageable manner.
National Social Investment Programme Agency’s Statement
A statement confirming these developments was issued in Abuja on Monday, October 16, by Jamaluddeen Kabir, the national communication manager of the National Social Investment Programme Agency (NSIPA). This official statement adds an extra layer of credibility to the announcement, emphasizing the government’s transparency and commitment to its promises.
Engagement with N-Power Beneficiaries
Akindele Egbuwalo’s revelation took place during a meeting with some N-Power beneficiaries in Abuja. This direct engagement with the program’s recipients highlights the government’s willingness to communicate openly with the people it serves. It also provides a platform for beneficiaries to ask questions and seek clarification on the payment process.
The Federal Government’s announcement of the impending payment of the 9-month backlog to N-Power beneficiaries under the Renewed Hope Job Creation Programme (RHJCP) is a momentous development. The commitment to clear the backlog, the recovery of funds, and the decision to make payments in installments demonstrate the government’s dedication to the welfare and economic empowerment of its citizens.
With the official statement from the National Social Investment Programme Agency and direct engagement with beneficiaries, transparency and accountability are at the forefront of this initiative. N-Power beneficiaries can now look forward to receiving their long-awaited payments, marking the beginning of a renewed hope for job creation in Nigeria.