Npower Update: Disbursement / Backlog, Nexit Loan Disbursement, Batch C Recruitment.
Disengaged volunteers of the Npower programme will have no any other choice but to wait a little longer as the Federal Government sources for Funds to finance the Nexit package
This was disclosed on Good-Morning Nigeria on NTA international, it was clearly stated that, FG is massively sourcing for funds, to finance the Nexit CBN loan package for all interested volunteers
Npower Batch C is already captured in 2021 main budged but the funds for Nexit is in the supplementary budget, which will be financed by the external borrowing
FG Seeks $6.183billion (N2, 343,387, 942,848.00) to finance the 2021 budget deficit
The Npower disengaged volunteers and the incoming batch c will smile soon as the Federal Government intensify effort to boast social spending to reduce unemployment and reduce poverty
The Federal Government is borrowing another $6.183billion (N2, 343,387, 942,848.00) to finance the 2021 budget deficit
The 2021 budget deficit encompasses items of recurrent expenditures and few capital projects. If this borrowing goes according to plan, Nigeria’s external debt will rise by N33 Trillion- DMO
The budget deficit mostly encompasses the FG’s wealth creation and poverty elevation programme, if fund is mobilized, more of these programme would surface
The over 350,000 Survival fund beneficiaries, the 1,000,000 Npower Batch C applicants, the Nigeria Youth Investment Youth Programme, AGSMEIS programme and many others FG programmes would be more lively when the external loan is secured
“President Muhammadu Buhari, on Tuesday, urged the Senate to approve a new external loan of N2, 343,387, 942,848.00, about $6.183billion, for the Federal Government to finance the 2021 budget deficit.
Senate President Ahmad Lawan read Buhari’s letter of request on the floor of the Senate at plenary”
Apparently, the Federal Government is seeking for funds, to execute the NExit loan package to disengaged volunteers
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Umar Sadiya Farouq has assured disengaged volunteers’ to remain patient as the process is slow but will be implemented soonest
In a NTA International talk show, Umar Saidya promised to settle all 5 months owed volunteers as soon as resources are at the disposal of the FG
Npower budget embedded in the Budget of the Ministry of Humanitarian Affairs, Disaster Management and Social Development has been exhausted
The Ministry has planned and forwarded her spending plan to the Federal Government, which will be entrenched in the National Budget
Npower Batch C Captured in 2021 Budget:
Work Starts Jan. Ends Dec 2021
The incoming batch C of the Npower programme will be on-boarded any moment from now
The Ministry of Humanitarian Affairs, Disaster Management and Social Development recently forwarded her 2021 proposed spending plan (budget) to the Federal Government last week
Registration started late June, spanned through the month of July, will officially end the first week of August 2020, two weeks was added
The test portal was opened and more than 6 million registered volunteers took their test, the final shortlisting is on the pipe, only 1,000,000 will be taken in two tranches.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Farouq is pleased to conduct a Free, Fair and Credible recruitment
In no distant time, further instructions will be made known as to the next stage of the recruitment exercise
Applicants are advised to stay tuned to the official page of the programme to get genuine information
Nigerians have welcomed the launch of the Batch C as it would avail the same opportunity to other young Nigerians to learn a skill as well as earn stipends.