The Federal Government of has
disclosed that N279 billion has already been spent on Nigerian youths under the
N-Power programme since December 2016 when the programme kicked off officially.
The N-Power programme is one of
the National Social Investment Programmes (NSIP) introduced by the current
administration.
The Senior Special Assistant to
the President on Job Creation and Youth Employment, Office of the Vice
President, Afolabi Imoukhuede, stated this while briefing newsmen in Abuja on
Friday
He said the money was spent on
the N30,000 monthly stipend paid to the 500,000 youths engaged under the
N-Power programme.
He said that the first batch of
200,000 youths have earned a total of N180 billion for 30 months from December
2016 to June 2019 with a monthly bill of N6 billion.
The presidential aide further
disclosed that addition N9 billion monthly bill was paid from August 2018 to
June 2019 totalling N99 billion for the second batch of 300,000 youths engaged
under the N-Power programme.
He said, “It is every simple in
talking about amount that has been invested. I am saying that in Batch 1, they
started earning from December 2016, so roughly we invest N72 billion annually
just for Batch 1 alone. That is aside from the gadgets that they get and aside
from all the sponsored trainings that they get.
“For instance, all the training
on agric for N-Agro, training for health for those who are in health, we
sponsor all of that through the federal agencies, ministry of agriculture and
ministry of health.
“So direct in our people is
N30,000 x 200,000 = N6 billion every month for the first batch which started in
2016. So they have been there for over two years, that is N72 billion multiply
by two years or thereabout.
“But since August last year, the
wage bill moved from N6 billion to N15 billion because it’s now 500,000 of them
that earn N30,000 monthly.
“We have been on N15 billion for
almost one year because by end of July it will be one year that we have been
making that investment every month.
“So if you put it together that
just tells you how much investment we have made and like I have said, we don’t
owe anyone because the money is paid directly to them not through a proxy,” he
stated
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