Hajiya Sadiya Umar Farouk, Minister of Humanitarian Affairs, Disaster. Management and Social Development, said that about 109,823 people who have benefited from the N-Power scheme are now business owners.
In a statement given on Saturday by her Special Assistant on Strategic Communications, Mrs Halima Oyelade, said that Mrs. Farouk said the beneficiaries of Batch A and B of the N-Power scheme have successfully established their own businesses in their various communities.
She expressed her satisfaction at the positive outcome of the scheme which the beneficiaries gained from, she congratulated them and also said she is looking forward to hearing their success stories of the scheme.
The minister pointed out that President Muhammadu Buhari’s vision of helping 100 million Nigerians out of poverty in the space of ten years will be achieved through creating more opportunities in order to increase the productivity of the Nigerian youths through entrepreneurship or employment.
Mrs Fraouk also stated that the will and vision was very important because the youths make up 70 of the Nigerian population while youth unemployment currently stands at 20% which 4.5 million youths entering the labour market yearly.
Hence, the need to create ways to get them engaged is a top priority of the Buhari administration.
She however, said that starting the enrollment of Batch C was initiated with the need for more youths to benefit from the scheme.
She said that getting only 500,000 beneficiaries within four defeats the aim of Mr. President’s vision, so there is need to increase the number of youth that will benefit through the scheme.
Mrs. Farouk expressed her appreciation of what the beneficiaries have achieved and also acknowledge their efforts and contributions of those who started the scheme before it was transfered to the ministry.
She pointed out that the achievements made were the collective effort of the team and would like for it to continue that way.
She said that the beneficiaries are the models of the scheme, she said they should take advantage of the opportunities provided by the government like the interest free loans and other leverages while using N-Power as a stepping stone.
The Minister noted that some of the challenges facing the scheme includes the delay in the payment if stipends, beneficiaries not showing up in their place of primary assignment and people who are gainfully employed are still accessing the programme.
She said they are currently working on resolving all the outlined issues stated.
The Minister also promised to give the beneficiaries their outstanding payments, she said they are currently working on that and it will be duly communicated to them on their platform.
Ms. Angela Nabu said she got into the scheme without knowing anyone or without having connections with anyone. She said that she is a graduate of agriculture from the University of Ladoke Akintola University.
She said that she had a practical experience when working with the Ogun State Agricultural Development Programm, Ilaro Zone.
She said she was able to start her own fish farm with the money she was being paid from the scheme.
She said she currently owns 12 ponds, and she currently also have people working for her and also, she has trained an IT student and she was willing to train more.
The N-Power scheme was a programme initiated by President Buhari led administration with the purpose of creating more jobs and reducing youth unemployment. So far, the scheme have recorded some success and currently registration is ongoing for the next the next batch who will potentially benefit from the scheme.