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Latest Update: March Npower Stipend Payment To Begin

The Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development is committed to ensuring that all outstanding stipends owing to Batch C Stream 1 Npower Program recipients are paid as soon as possible.

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The Ministry’s unrivaled efforts resulted in a significant success in the payment of the February stipend to Batch C Npower beneficiaries, which was just begun three days ago.

Many Batch C Npower users who got their February stipend were astounded by the rapidity with which their bank accounts were credited just days after the National Social System (NASIMS) declared the start of the Investment Management payment process on April 28, 2022.

It is in the best interests of the Humanitarian Affairs Ministry that all pending stipends, such as those for the months of March and April, are paid in full to the recipients without further delay, and that they are paid one by one, according to NASIMS.

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Now that the February Stipend has been paid, the March Stipend payment will be launched as soon as possible, and the crediting of beneficiaries’ bank accounts will be enabled as soon as possible, since lingering technical concerns that have been delaying the payment are almost entirely resolved.

Meanwhile, Batch C Stream 1 Npower beneficiaries who bank with United Bank of Africa (UBA) have decried the bank’s unjustified delay in crediting the Npower beneficiaries’ UBA Bank Accounts.

While other Npower beneficiaries working with financial institutions such as Access Bank, First Bank, Zenith Bank, and others have praised UBA for speedy payment of their February stipends, the affected Batch C Npower beneficiaries have complained that UBA has been slow in crediting their bank accounts for the months of January and February 2022.

The affected Npower beneficiaries urged UBA management to rectify all issues preventing them from receiving their payments and credit their bank accounts as soon as possible, so as not to add to the already stressful situation.

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So far, so good; the Bach C Stream 1 Npower Program’s deadline is only four months away.

According to accurate records, the Batch C Stream 1 Npower Program will end in August 2022, and the processes for enrolling beneficiaries in the CBN AGSMEIS/NEXIT (NEXIT) Loan Programme, where exited Npower beneficiaries can take out loans ranging from N250,000 to N3 million to embark on a life-changing entrepreneurship journey, will begin.

Have you been putting money aside from your monthly stipend of N30,000? How much money have you managed to save? What are your difficulties? Please share your thoughts in the comments box below to help the administration make better decisions.

Note: The Npower Batch C Stream 2 program, which includes about 490,000 Npower recipients, has yet to begin its one-year program.

This information was first published on nyscinfo.comDMCA PROTECTED.

Source: Nyscinfo

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4 Comments

4 Comments

  1. Rosemary

    at

    Thanks for this update
    Honestly regarding d challenges we have on saving out of 30k I personally didn’t bcos I have family and also d manner in which d stipends are paid,is not encouraging ,if got this month u are not sure of d nest month ,in dat case will u stave ur children and save?

  2. Okwudili Agbo

    at

    How I received stipend for February without receiving the January payment? This is confusing and I want to use this medium to formally inform the nasims management of this development. I want to know what should be my expectations. thanks

  3. Okwy Agbo

    at

    Some of us who bank with UBA have not received any stipend from January till now.please is the problem coming UBA or nasims management?
    Secondly,the country’s economic system is nothing to write home about, not encouraging, the high cost of almost everything in this country could not allow anyone to save from the stipend. thanks

  4. Sikiru Ridwan Abiodun

    at

    Due to the delay of payment which is not actually the month expected to paid like paying January in month of April .well the money is useful for someone special thing in my life
    Thanks to NASIMS.waiting for the loan program.

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