Npower Latest News on payment

Npower March Stipend Payment has commenced

The latest Npower news now is that NASIMS management has commenced payment of Npower March Stipend.

The National Social Investment Management System (NASIMS), has announced that the Npower March stipend has commenced.

The payment of Npower March Stipend Payment comes hours after Npower Batch C beneficiaries accused Buhari’s Minister of Humanitarian Affairs, Sadiya Umar Farouq, of embezzling of funds meant for the salary of N-Power Batch C.

Read Also : Unpaid Npower Stipends:  Beneficiaries Lament, Accuse Buhari’s minister of embezzlement

NASIMS management, in an official statement obtained by Ejes Gist Newspaper, confirmed the payment of Stipend  to Beneficiaries.

The activation of the Npower March Stipend Payment was confirmed by our correspondent through the dashboard of one of the Npower batch c Beneficiaries.

NASIMS Initiates Npower March Stipend Payment

Meanwhile, NASIMS apologised to  Batch C Stream 1 Npower beneficiaries who had a series of payment issues, including FAILED PAYMENT, and promised that once the March Stipend payment is completed, beneficiaries who had issues would be credited also.

Also Read : NYIF loan disbursement latest news update for May 2022

NASIMS management reads as
2022 March Payment Successfully initiated. Crediting of Accounts are expected to follow suit as soon as possible, while all outstanding payment are being resolved and paid out.

See Latest npower news on  Stipend Payment STAGES: Know your status today

All N-Power Batch C1 beneficiaries should Know their status.

  • PENDING  means Validation stage
  • PROCESSING  means Disbursement stage
  • PAID your account has been  credited.

 

Meanwhile, funds are being disbursed by the Nigeria Youth Investment Fund (NYIF) to youth beneficiaries whose applications have been approved by the Federal Ministry of Youth and Sports Development.

 

Less than 14% of the newly shortlisted applicants have responded to emails confirming their approval to receive the soft loan, out of over 25,000 successful candidates expected to be part of the loan. Instructions on how to access the funds are included in the email. The response rate to emails has been extremely low. Others, on the other hand, have had funds deposited into their PFI-designated bank accounts.

 

Shortlisted candidates must respond to communication in order to complete the disbursement process. Those who fail to respond risk losing this opportunity.

 

The Nigerian Youth Investment Fund (NYIF) provides funding to young people who have expressed an interest in starting a business, with amounts ranging from N250,000 to N3m (three million naira), depending on the size of the company and its evaluation.

Nasims has commenced that payment of Npower March Stipend 2022.

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