FG pledges to offset four months N-Power stipend backlog
By Daud Olatunji
ABEOKUTA — THE Federal Government has promised to offset four months arrears of stipends it owed N-Power Build trainees, saying that it would launch a petty trader loan scheme called Trade Money.
Senior Special Assistant to the President on Job creation and Youth employment, Afolabi Imoukhuede said this in Abeokuta at the inauguration of the N-Power training workshop at the Job Centre Initiative, JCI.
Imoukhuede said: “The Federal Government is aware that some of you are yet to get your monthly stipend, this was because some of you had errors in linking your BVN to your account and you received a message in that regard. We want to ensure the right person gets paid.
Let me assure you that at the next payment, some of you will get up to four months arrears of your stipends, it is better to keep hold of your money than to pay it to the wrong person.”
“As part of our poverty strategy, President Muhammadu Buhari will launch a new loan scheme called Trade Money. Apart from the already existing National social investment programmes like Conditional Cash Transfer and Government Enterprise Empowerment programme, GEEP, this new programme will help the petty roasted plantain sell and biscuit seller to assess up to N10, 000 loan to support their business.”