Categories: Business

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

N-Power

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.”