Latest Nasims news on NPower payment of August stipend today, 16th December 2022

Npower Latest News For Today 16th December 2022, NPower Stipend payment update, Npower News, N-Power Stipend News, and Npower July stipend payment, including Npower August Payment News Now the date for Npower August stipend payment, the date for Npower September stipend payment and Latest Information from NASIMS Management can be accessed below.

Latest NPower payment and Deployment news

According to the Npower management team, deployment for N-Power batch C2 has not ended. Deployment is still in process. You will be deployed to your place of primary assignment if you are selected as beneficiary and yet to be deployed.

Another thing Npower said about batch C1 beneficiaries who are yet to receive their August stipend payment is that they are aware of those who haven’t gotten their August stipend. Be rest assured that all pending payments will be reinitiated and you will get your payment. N-Power said.

As regards Npower batch C stream 2 stipends payment like we earlier advised, there is no clue on when payment will begin. But all we can tell you at the moment is to keep your eyes on the payroll tab for changes, once the payroll payment update comes live on the self-service dashboard then you will know that it is time.

To further answer the question some of the batch C1 are asking whether there will be Npower September stipends payment for the batch C1 beneficiaries, well all we can tell you at the moment is to stay updated with Npower official’s news via their social communication platforms.

IDOMA VOICE reports that the Hon. Minister Fed Min of Humanitarian Affairs, Disaster Management, and Social Development Sadiya Umar Farouq was at the National Assembly to further make clarifications to the Senate Committee on Special Duties on her ministry’s budget.

How Npower Batch C1 Can Register for NEXIT Loan After Exit

According to the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, NEXIT (N-EXIT), also known as the NEXIT loan program, is an exit or transition plan designed to provide training and low-interest loans and grants to the beneficiary Npower if the Npower program ends.

The Ministry is working with the Central Bank of Nigeria to provide loans ranging from N250,000 to N3,000,000 through CBN Intervention Programs such as COVID-19 Covered Line of Credit Loan, AGSMEIS Loan and the Nigerian Loan Scheme such as the Nigerian Youth Investment Fund.

The NEXIT loan will initially target existing beneficiaries of Batches A and B of the Npower program and then transition to beneficiaries of Batch C, according to the ministry.

NPower News: FG Reveals Big Plans For NPower Batch C Beneficiaries

The federal government has said that the Npower batch C stream 1 beneficiaries will be moved to the NEXIT loan program of the scheme.

The Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouk said this during her weekly briefing on Wednesday.

She said an effective transition and exit management plan would be made available through the NASIMS Portal for the Batch C Npower Program, allowing beneficiaries to be moved automatically to the NEXIT Loan Program.

In her ministry’s weekly report titled “My Week in Review,” the Minister made this point clear while highlighting

the role that the National Social Investment Management System (NASIMS) platform plays in carrying out the NSIP mandate.

“The Npower programme is a critical component of the FG’s National Social Investment Programme (NSIP) and supports the FG’s vision of lifting 100 million Nigerians out of poverty over 10 years. The objective remains to upskill young Nigerians for employment or entrepreneurship.

“The NASIMS platform will help ensure transparency, institutional memory, and dynamic impact assessment of the N-Power cluster, Batch C, thus providing seamless interaction between the programme and beneficiaries.

“The NASIMS platform will also facilitate seamless beneficiary verification, including an efficient transition & exit management plan that will enable beneficiaries to be migrated automatically to the NEXIT Program for POSSIBLE placement & employment opportunities with FG agencies”, Farouk Stated.