N-Power Stipend: Which Bank Has Credited Beneficiaries With ‘Alert’?

n-power-stipend news

Some N-Power beneficiaries (Photo: N-Power/Twitter)

As batch A beneficiaries of the graduate component of the Federal Government’s N-Power scheme confirm to Concise News they have started to receive payment for their outstanding October stipend, we glance at some of the banks that have paid.

Around 200, 000 volunteers across the 36 states of the Nigerian federation plus the Federal Capital Territory (FCT) are participants in a scheme the Muhammadu Buhari administration prides as one of its major achievements.

The duration these pioneer beneficiaries ought to spend have elapsed, but they are told to continue.

However, with the transition talks of late, their fate remains unclear.

As at the time of publishing this report, banks confirmed to Concise News to have credited batch A beneficiaries with October stipend payment are: Union Bank, Fidelity Bank, United Bank for Africa (UBA) and Guaranty Trust Bank (GTB).

Coincidentally, they were paid on President Buhari’s birthday.

The Federal Government in November said it spent N360 billion in two years to pay 500,000 graduates under its N-Power scheme.

The government stated that the payments started in 2016 with graduates employed under the scheme getting N30,000 (approximately 83 US Dollars) monthly stipend.


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Ridwan is a trained communicator who specialises in football and squash. He has been published by African Examiner. He provides professional coverage of general news, politics and sports, and has interviewed some of the biggest names in the field – including the first Nigerian interview with South Africa’s no. 1 male squash player, Jean-Pierre Brits. He is a proud Nigerian and campaigner for #NigeriaIsOurs.

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