NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries

NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries
NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries

NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries

NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries from the National Social Investment Programme (NSIP) has disbursed N13.3b To 15,246 NPower Beneficiaries.

A total number of 15,246 beneficiaries of both batches A and B beneficiaries of NPower in Kwara state were paid a sum of N13.3 billion before they left the programme.

This is confirmed from the Kwara state Focal Person of National Social Investment Programme, Hajia Bashirah Abdulrazaq,

She confirmed that Npower batch A beneficiaries of the programme were engaged for a period of 42 months and were paid a total sum of N7.4 billion.

Hajia AbdulRazaq further stated that Npower batch B beneficiaries spent about 24 months, saying they received a total sum of N5.7 billion.

Confirming that NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries, she said:

“Non-graduates received the sum of N10,000 every month and were engaged for a period of 24 months with a total sum of over N24 million spent,”.

She also said that the Kwara state government had replicated the youth empowerment programme, which is known popularly as K-Power

This is in order not to throw beneficiaries into the labour market after exiting the Social Intervention scheme like that.

Hajia Abdulrazaq said that about 10,000 people benefitted from “trader moni” programme in the state with over N1.3 billion disbursed to them.

She then went on to lament that the people who got the loans from the program were not willing to repay the loan.

She said:

“Poor masses are not ready to repay the loan after collection because of the attitude of Nigerian to anything from the government thinking it is national cake.

Also, those that disbursed the money do not have records of beneficiaries like phone numbers and addresses.

Thus, making it difficult to track them for repayment.

“The programme is designed to provide soft loans to boost small scale businesses in the markets which Vice President Yemi Osinbajo flagged off sometime last year to support women with N10,000 as soft loans to be paid back and then enjoy the next stage of N50,000.

“Unfortunately, many beneficiaries didn’t pay back or the channel for payment was not identified, therefore, beneficiaries could not fulfill their pledges.

Though, the component is going through restructuring to seeing it achieves its objectives,”

Hajia Abdulrazaq also said that the state government has replicated NSIP scheme in the state, tagged Kwara state Social investment programme, (KWASSIP)

She then added that,

“in view of that, Governor Abdulrazaq keyed into the programme by establishing the following, owo arugbo- stipend for the aged, owo isowo- soft loans to petty traders, ounje ofe -home grown free feeding programme for public primary school pupils and K-Power for the unskilled youth.”

This update that NSIP funds 13 billion Naira To over 15000 NPower Beneficiaries is brought to you by the 9jatalkative News as culled from News Online Nigeria

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Chibuikem Onyinye
Chibuikem Onyinye, a young entrepreneur with a strong drive for success.loves to travel and see new places, write and equally read.