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Latest NPower News For Today 12th February 2025

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Latest NPower News For Today 12th February 2025 Can Be Accessed Below.

President Bola Tinubu has mandated a reform of the N-Power Scheme to enhance its productivity and impact.

The Npower reform aims to connect youths through training and link them directly to the market space and private sector, ensuring that acquired skills translate into viable job opportunities.

Below is the latest Npower News 2025 Updates for Today…

FG Lifts N-Power Suspension To Begin Payment Of Backlog Soon

The Federal Government has Lifted the N-Power suspension to begin payment of the backlog soon. This was disclosed by the Minister of State for humanitarian affairs and poverty reduction
According to the Minister, the suspension on all social investment programs including the NPower program has been lifted. He stated that the Npower beneficiaries’ bills will be settled and the program would continue.

Grants to vulnerable groups and other NSIPA Programmes will be restored in better forms, he added.

Recall that President Tinubu had earlier suspended the Npower and other NSIP program due to misappropriation of funds by the managers.

With the embargo lifted, the National Social Investment Programme, encompassing Npower, Conditional Cash Transfer, Government Enterprise and Empowerment Programme, and Home Grown School Feeding Programme, can now resume disbursements to its beneficiaries.

This breakthrough provides much-needed relief to those who have been adversely affected by the payment disruptions.

President Tinubu Reforms N-Power Scheme, Approves N32.7 Billion for NSIP

President Bola Tinubu has mandated a reform of the N-Power Scheme to enhance its productivity and impact.

This online news platform understands that the N-Power reform by President Tinubu was disclosed in a post on the micro-blogging site, X formerly known as Twitter by Dada Olusegun, the Special Assistant to the President of the Federal Republic of Nigeria on Social Media.

According to the presidential aide, the Npower reform aims to connect youths through training and link them directly to the market space and private sector, ensuring that acquired skills translate into viable job opportunities.

President Tinubu’s aide, quoting Nentawe G. Yilwatda, the Minister of Humanitarian Affairs and Poverty Reduction of the Federal Republic of Nigeria, said over 100,000 items have been procured to empower youths nationwide.

Olusegun said the President has also approved a sum of N32.7bn for implementing the National Social Investment Program (NSIP) in 2025.

“Through cooperative clusters, Nigerians will benefit from low-interest credits of N300,000-400,000,” he said.

The presidential aide added that the initiative aims to empower vulnerable Nigerians, particularly women and youth, by enabling them to launch or expand small businesses, thus improving their livelihoods.⁠

“2025 promises to be a year of rewards for all Nigerians who have had to go through ongoing economic reforms as the administration seeks to fulfill the Renewed Hope agenda,” he concluded.

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