Npower Batch C: All outstanding Stipends will be paid, NASIMS reiterates, set to commence January Stipend Payment

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The National Social Investment Management System  (NASIMS) has reassured us that all outstanding Stipends owed to the beneficiaries of the Batch C Stream 1 Npower Programme would be cleared while acknowledging their patience with the payment delay, which has been persistent, since the inception of the Batch C Stream 1 Npower Programme.

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The Npower Management announced the initiation of the January 2022 Payment to the beneficiaries on Friday, and made the assurance, noting that crediting the Npower Batch C Stream 1 beneficiaries’ Bank Accounts should be expected at the shortest possible time.

In addition to January, February and March 2022 Stipends which have been unpaid, a handful of the Batch C Stream 1 Npower beneficiaries are yet to receive Stipends for a few months in 2021, while very many have been paid for the months in 2021.

“While the January payment process has been initiated and crediting of accounts is expected to begin at the shortest possible time, kindly note that all 2021 outstanding payments will be cleared while current payments are in progress. Despite the challenges encountered, we appreciate your patience so far”, NASIMS stated.

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SEE ALSO: Latest news on NEXIT Batch 2 Shortlisting

The Batch C Npower Programme which commenced towards the end of August 2021, has had the beneficiaries receive 4 Months of Stipend of N30,000 each from September 2021, in the 1 year Batch C Npower Programme.

Considering the design of the Batch C Npower Programme by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, the beneficiaries would receive their last Stipend payment in August 2022, which would mark the termination of the one year Npower Programme and possible transition to NEXIT (NEXIT loan) Programme.

NEXIT (N-EXIT) popularly known as NEXIT Loan Programme is an Exit or Transition Plan which is meant to train and grant soft Loans to Npower beneficiaries after completing their duration in the Npower Programme, according to the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development.

SEE ALSO: Nexit News: Second Batch Nexit Training Date And Shortlist

It is organised by the Ministry in collaboration with the Central Bank of Nigeria, to offer Loan amounts between N250,000 – and N3million as obtainable in the CBN Intervention Programmes specifically AGSMEIS Loan.

CBN/NEXIT AGSMEIS Loan has started with the exited Batch A and B beneficiaries of the Npower programme and will progress to the Batch C Npower beneficiaries as indicated by the Ministry.

By end of April 2022, the Batch C Stream 1 Npower beneficiaries would have only but 4 Months to exit the Npower programme, and join the NEXIT Loan race.

Meanwhile, the Batch C Stream 2 Npower Programme which would engage 490,000 Npower beneficiaries in fulfilment of President Mohammed Buhari’s decision to extend the Batch C Npower Programme to 1 million Nigerians, is yet to commence.

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Originally published by myinfoclock

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