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

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BREAKING: President Tinubu Reforms N-Power Scheme, Approves N32.7 Billion for NSIP
President Tinubu has mandated the reform of the N-Power scheme.

Newsone Nigeria reports that 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 also link them directly to the market space and private sector, ensuring that acquired skills translate into viable job opportunities.President Tinubu’s aide while 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 across the country.Olusegun said the President has also approved a sum of N32.7bn for the implementation of 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 fulfil the Renewed Hope agenda,” he concluded.

Meanwhile, Newsone reports that the Federal Government of Nigeria led by then President, Muhammadu Buhari, established the National Social Investment Programme (NSIP) in 2016, to tackle poverty and hunger across Nigeria.

Similarly, the N-Power scheme was set up by the President of Nigeria, Muhammadu Buhari on 8 June 2016, to address the issues of youth unemployment and help increase social development. The scheme was created as a component of the National Social Investment Program (NSIP), to provide a structure for large-scale and relevant work skills acquisition and development and to ensure that each participant will learn and practice most of what is necessary to find or create work.

Applicants are selected and placed in several places known as the primary place of assignment (PPA). These PPA can be found by checking the Npower Deployment Status. Applicants will then be paid specific stipends monthly by the scheme.

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