FG Urged Not to Disengage Batch A & B Npower Beneficiaries

FG Urged Not to Disengage Batch A & B Npower Beneficiaries: The Federal Government has been urged to jettison its proposal to disengage the N-Power beneficiaries.

Appealing a press briefing in Umuahia, National Chairman of Isun Multipurpose Cooperative Society, Sir Isaac Nkole, said the move would be counter-productive.

He said that the scheme had made tremendous impacts in some key sectors of the economy such as agriculture and education; stressing that any idea to discontinue the programme “is ill-advised and makes no economic sense.

READ ALSO: Kaduna Mortgage Authority Issues Guidelines for Loans

FG Urged Not to Disengage Batch A & B Npower Beneficiaries

Nkole noted that several university graduates had been engaged in teaching primary school pupils through N-Power, a development, he explained, had improved the quality of education in primary schools especially in rural communities.

Loading...

He further argued that disengaging the beneficiaries after giving them hope and little succour for about four years would not only worsen the unemployment situation in the country but lead to increase in crime wave as well as suicide cases.

READ ALSO: IPPIS: FG Directs Bursars to Compile List of Problems Related to Salaries

In his words; ” The introduction of N-Power stands out as one of the best policies of the Federal Government under President Muhammadu Buhari. A lot of graduates have been engaged through the scheme. Some of them are in N-Teach, N-Agro, N-Tax and N-build. I appeal to President Buhari not to listen to anyone advising him to disengage the beneficiary as being speculated that the programme will be stopped by the 26th of this month.

“The questions are; If you disengage these graduates that are helping to improve the quality of education in primary schools, where do you want them to go? Is it to the over-saturated labour market or the crime industry?”

Nkole, however, urged the President not to make the mistake of laying off N-Power beneficiaries because of the grave implications of such action.

READ ALSO: Npower Responds to Complaints from Batch A & B Beneficiaries

He rather urged the President to look for a way of permanently absorbing the beneficiaries into full civil service.

Nkole whose cooperative is in charge of disbursing the Central Bank of Nigeria, CBN COVID-19 loan to households and Small and Medium Enterprises, SMEs, in South East and South-South geopolitical zones, applauded the President for the gesture.

Mr. Nkole who said the loan had seriously assisted several households to recover from the harsh impacts of the COVID-19 pandemic, disclosed that over 2000 persons had benefitted from the scheme in the zones.

Nkole who said Buhari’s administration had made appreciable efforts in the fight against poverty through some laudable programmes like COVID-19 loan, Trader Money, and N-Power, urged the President not to relent.

READ ALSO: Buhari Young Farmers Network Registration 2020 Form [UPDATE]

He promised that the Isun Cooperative Society as one of the accredited cooperative societies in the disbursement of the COVID-19 loan would ensure “it gets to the people in the grassroots equitably”.

“This is the first time the downtrodden in society is getting interest-free federal loans without stress. It’s amazing and it has restored the hope of many homes today.”

Nkole who said beneficiaries in the household category got up to N500,000 per person payable after three years, advised them to invest the money wisely, noting that “it’s a loan and not grant”.

He hinted that disbursement for the SME category would soon commence, and commended Buhari for his commitment in eliminating poverty among Nigerians.


Loading...

Join the Conversation

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related Articles

Access Bank Announces N50billion Interest-free Facility for Businesses

Access Bank Announces N50billion Interest-free Facility for Businesses: Access Bank Nigeria Plc has announced plans to offer N50billion interest-free credit facility to individuals and...

Korean Government Support Scholarships for International Students 2020

Korean Government Support Scholarships for International Students 2020: Korean Government Support Scholarship Program for International Students: For rapid human development, education plays a prominent...

Lagos State SME Recovery Fund Requirements for Looted Stores

Lagos State SME Recovery Fund Requirements for Looted Stores: The Lagos State Employment Trust Fund (LSETF) is currently receiving applications from Small and Medium-sized...

Lagos State SME Recovery Application for Looted/Vandalized Businesses

Lagos State SME Recovery Application for Looted/Vandalized Businesses: Are you a Lagos based business and your store got looted/vandalized during the curfew? LSETF is...

N75 Billion Nigeria Youth Investment Fund (NYIF) Portal Registration

N75 Billion Nigeria Youth Investment Fund (NYIF) Portal Registration: Are you looking for the application portal for Nigeria Youth Investment Fund (NYIF) Bank loan?...

NYIF Application Portal Login & Registration – www.nyif.nmfb.com.ng

NYIF Application Portal Login & Registration - www.nyif.nmfb.com.ng: NYIF registration portal is currently open to eligible Nigerian Youths to apply for the Federal Government’s...

Get in Touch

496FansLike
174FollowersFollow
398FollowersFollow
167FollowersFollow

Latest Posts

Access Bank Announces N50billion Interest-free Facility for Businesses

Access Bank Announces N50billion Interest-free Facility for Businesses: Access Bank Nigeria Plc has announced plans to offer N50billion interest-free credit facility to individuals and...

Korean Government Support Scholarships for International Students 2020

Korean Government Support Scholarships for International Students 2020: Korean Government Support Scholarship Program for International Students: For rapid human development, education plays a prominent...

Lagos State SME Recovery Fund Requirements for Looted Stores

Lagos State SME Recovery Fund Requirements for Looted Stores: The Lagos State Employment Trust Fund (LSETF) is currently receiving applications from Small and Medium-sized...

Lagos State SME Recovery Application for Looted/Vandalized Businesses

Lagos State SME Recovery Application for Looted/Vandalized Businesses: Are you a Lagos based business and your store got looted/vandalized during the curfew? LSETF is...

N75 Billion Nigeria Youth Investment Fund (NYIF) Portal Registration

N75 Billion Nigeria Youth Investment Fund (NYIF) Portal Registration: Are you looking for the application portal for Nigeria Youth Investment Fund (NYIF) Bank loan?...

What's Trending

NDA Application Form 2020/2021 – 72nd Regular Course Admission

NDA Application Form 2020/2021 - 72nd Regular Course Admission : Applications are invited from suitably qualified candidates for admission into the Nigerian Defence Academy...

Npower Registration Portal 2020 – https://npower.fmhds.gov.ng/signup

Npower Registration Portal 2020 – https://npower.fmhds.gov.ng/signup: The 2020 N-Power application portal (https://npower.fmhds.gov.ng/signup) opened for registration at 11.45 pm on June 26th, 2020, to all...

Civil Defence Shortlisted Candidates 2019/2020 Download PDF

Civil Defence Shortlisted Candidates 2019/2020 Download PDF : NSCDC Shortlisted Candidates 2019: Nigeria Security and Civil Defence Corps Recruitment shortlisted candidates is Out you...

npower.fmhds.gov.ng Signup- Npower Batch C Registration Portal [LOGIN]

npower.fmhds.gov.ng Signup- Npower Batch C Registration Portal : NPower Recruitment 2020 has began. See requirements, academic qualifications, Npower recruitment application registration form procedures via...

JAMB Result 2020 is Out : Check Your UTME Results www.jamb.org.ng

JAMB Result 2020 is Out : Check Your UTME Results www.jamb.org.ng : JAMB Results 2020 Online Checking Steps | www.jamb.org.ng – First of all,...

Download Nigeria Civil Defence List of Shortlisted Candidates 2019

Download Nigeria Civil Defence List of Shortlisted Candidates 2019 : NSCDC Shortlisted Candidates 2019. Download the Nigeria Civil Defence (NSCDC) Recruitment List of Shortlisted...

Npower Batch C Login Portal – www.npower.gov.ng | NPVN Dashboard

Npower Batch C Login Portal - www.npower.gov.ng | NPVN Dashboard: Here is N-power Portal Login npvn.npower.gov.ng/login 2020/2021 for Batch C Recruitment exercise. Login to...

Subscribe For Latest Updates

Signup for our newsletter and get notified when we publish new articles for free!




Enable Notifications    Ok No thanks