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Nasims News on N-Power Payments: Latest Updates for 2023 and 2024

Introduction

The federal government’s N-Power program aims to provide employment opportunities and skills development for Nigerian youths. Since its launch in 2016, the program has empowered over 500,000 young Nigerians with monthly stipends and devices to help them gain skills and experience needed for employment or entrepreneurship. What is nasims news on payment today?

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However, the nasims news on payment today of stipends to N-Power beneficiaries has often suffered delays and backlogs, causing hardship for beneficiaries who rely on the money. This article provides the latest Nasims news and updates on when N-Power volunteers across different batches and streams can expect to start receiving their outstanding payments in 2023 and 2024.

N-Power nasims news on payment today Updates for 2023

November 2023 N-Power Payment Update

  • On November 28, 2023, the federal government announced that it would pay 9 months of N-Power arrears upon conclusion of ongoing restructuring of the program. This is aimed at enhancing efficiency and impact.
  • Minister of State for Health, Hon. Betta Edu stated that N-Power beneficiaries’ payment is expected to resume fully by January 2024 after restructuring is completed.

October & December 2023 Batch C Payment Update

  • In late November, up to 55,256 N-Power Batch C beneficiaries got paid October, November and December stipends through their validation link on NASIMS. This brings hope that further payments will be disbursed soon.

Restructuring and Verification Exercise

  • N-Power notified Batch C Stream 2 volunteers to proceed for their biometric capture at stipulated centers. Salary and stipend payment will be paid in arrears once restructuring is done.
  • The verification exercise aims to validate records and ensure wages are paid to deserving volunteers after assessments.

N-Power nasims news on payment today Projections for 2024

Based on latest NASIMS updates and ministerial promises, we can make informed projections about N-Power nasims news on payment today in 2024:

January 2024 Payment Resumption

  • Batch A, B and C beneficiaries can hopefully start receiving their stipends income from January 2024 onwards, as restructuring and verification winds down.
  • Arrears owed will also start being cleared gradually once payments commence.

Transitioning to N-Excel Platform

  • By mid-2024, Batch B and C volunteers will likely be transitioned to the new N-Excel platform currently being developed.
  • N-Excel aims to equip volunteers with digital skills for employment or entrepreneurship after exiting N-Power program.

Increased Funding & Removal of Payment Backlogs

  • With the streamlining of the program and planned increase in funding, N-Power stipend payments can be more consistent and backlogs cleared by end of 2024.
  • More youths are also expected to be on-boarded into the program to fill quota.

Key Nasims Announcements

Here is a summary of other noteworthy Nasims announcements on N-Power nasims news on payment today:

Batch C Stream 1 & 2 Payment

  • N-Power announced that 1 million Nigerians will benefit from the incoming Batch C stream of the program.
  • Shortlisted applicants for Batch C were also released recently on NASIMS portal.

Guidelines for Payment Update

  • NASIMS provided guidelines for batch C volunteers to successfully update their payment records on the portal. This will enable smooth disbursement.

Conclusion & Next Steps

In conclusion, N-Power stipend nasims news on payment today are slated to improve significantly in 2023 and 2024 according to Nasims updates. After the ongoing restructuring, verification, transition to N-Excel and increased funding, beneficiaries can look forward to more consistent monthly payments starting January 2024.

Volunteers are advised to keep checking the NASIMS portal frequently for latest announcements, ensure their records are duly updated and exercise patience pending payment resumption. The federal government also needs to make good its promises to avoid further hardship for unemployed youths relying on the program.

References

  1. Punch. “One million Nigerians to benefit from N-Power Batch C stream” November 10, 2023
  2. Daily Post. “N-Power: Buhari govt announces date for Batch C stream payment” October 1, 2023
  3. Nairametrics. “55,256 N-Power beneficiaries paid for 3 months” November 30, 2023
  4. Legit.ng. “Govt to pay N-Power beneficiaries January 2024′′ November 29, 2023
  5. Nasims. “Verification Exercise for Batch C2” December 4, 2023

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