Categories: Business

One million Nigerians now to benefit from N-Power programme – FG

  • Increases cash transfer beneficiaries to 32 million

The Federal Government says it is set to double the beneficiaries of the N-Power programme from 500,000 to one million.

It also wants to expand the number of those benefitting from the conditional cash transfer programme from 13 million to 32 million.

President Muhammadu Buhari disclosed this in a message to commemorate the workers’ day celebration on Saturday.

He said the expansion of the N-Power programme would ensure job creation and poverty alleviation as well as cushion the effects of the COVID-19 pandemic on Nigerians.

Buhari’s message read in part, “We also have put in place some socio-economic policies, which also include Conditional Cash Transfer for the vulnerable poor from 2.6 million households (13 million persons) to 7.6 million households (about 32 million persons).” his message read.

“COVID-19 Rapid Response Register (RRR) for urban Poor, which now has 4.8 million households (20 million persons) which also include urban poor/working class.

“Also, through the Federal Ministry of Industry, Trade and Investment, there is the Entrepreneur Support Programme and, this even includes the vulnerable workers amongst the urban poor.

“We also have the Artisan Support Fund, Payroll Support Fund for small scale businesses, Business Formalisation aimed at encouraging micro, small and medium enterprises by offering free registration for upcoming businesses by the Corporate Affairs Commission.

“There is also Guaranteed Off-take Stimulus Scheme for Small Medium Enterprises for producers of hygienic products and packaged food to encourage entrepreneurship and industries.”

He added that in securing jobs, the government was promoting social protection and people’s welfare.

“We also know that social protection gives you peace of mind and hope for a better future,” the President told the workers.

“It also ensures access to health care and income security for all and provides for you and your family when sick, unemployed, injured, pregnant or too old to work.”

Trends Admin

Recent Posts

BREAKING: Super Eagles qualify for AFCON 2025

BREAKING: Super Eagles qualify for AFCON 2025 The Super Eagles of Nigeria have secured their…

10 hours ago

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight

Disaster averted as bird strike hits Abuja-Lagos Air Peace flight    An Abuja-Lagos flight was…

12 hours ago

NNPC achieves 1.8mbpd crude oil production

NNPC achieves 1.8mbpd crude oil production The Nigerian National Petroleum Company Limited (NNPC Ltd) and…

12 hours ago

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year

BREAKING: FEC proposes N47.9 trillion budget for 2025 fiscal year The federal government has unveiled…

12 hours ago

EFCC arrests ex-NCMB boss over $35m energy project fraud

EFCC arrests ex-NCMB boss over $35m energy project fraud The Economic and Financial Crimes Commission (EFCC)…

12 hours ago

FG gets fresh $134m loan from AfDB for agric projects

FG gets fresh $134m loan from AfDB for agric projects The Federal Government has secured a…

12 hours ago