The Federal Government has also approved an additional N4500/monthly to all the 200,000 NPower beneficiaries to purchase an electronic Tablet which would be loaded with different applications that would further enhance the skills of the beneficiaries and afford them additional training opportunities during the two-year duration of the job program.
his tablet grant is in conjunction with the Bank of Industry (BoI) who has extended an asset finance of 20 months to each of the 200,000 N-Power beneficiaries.
While each of the beneficiaries after being verified would select their choice of tablet amongst nine different BOI pre-approved vendors, the price ranges from N3,000 to N6,700 monthly deductions for the next 20months.
Therefore in some cases the N4500 tablet grant would cover the full monthly deduction cost while in other cases the graduate authorizes BOI to deduct the additional differential cost from their monthly stipends depending on the tablet chosen.
The Vice President’s Spokesman also noted that 6 of the 9 BOI pre-approved vendors are indigenous local brands in pursuit of the Buhari administration’s push for Local Content.
He said almost 100,000 graduate N-Power beneficiaries have completed their orders for the devices as at press time, adding that the Bank of Industry is in charge of effecting the orders made. The plan is to conduct the order of the devices in two batches of 100,000 each, one after the other.
It was further disclosed that all the 149,669 N-Power beneficiaries now collecting their stipends have been physically verified and deployed, while their given bank account information have also been matched with the Bank Verification Number.
The SSA said that, in December, about 112,475 of the N-Power graduate beneficiaries received the N30,000 monthly stipends, and the number came close to 150,000, both in January and February meaning about that number are now receiving their up-to-date stipends from the N-Power Volunteer Corps.
Akande also noted that now beneficiaries across the 36 States of the Federation, and the FCT have been verified, totaling the 150,000 figure. He said the balance 50,000 of the 200,000 beneficiaries engaged by the FG are those who so far could not be paid for various reasons.
This includes those who were disqualified during verification on the basis of age-over 35, and inadequate academic qualification. The N-Power is for university, polytechnics and College of Education graduates only. There were also some of the selected 200,000 who were ‘no shows’ meaning they simply did not report for verification at all.