The Presidency says no fewer than 30,000 N-Power beneficiaries have been hired as Agric enumerators in the N-Power programme.
The N-Power, cash-for-work programme, inaugurated by President Muhammadu Buhari in 2016 with 500,000 of direct beneficiaries, is spread across the key industries targeted by the programme – Agriculture, Health, Education, and Tax.
Laolu Akande, Senior Special Assistant to the President on Media and Publicity, Office of the Vice President, disclosed this in a statement in Abuja. Akande said that Ministers and heads of agencies reported further progress in the implementation of the Federal Government’s Economic Sustainability Plan (ESC) as Vice President Yemi Osinbajo presided over ECS’s meeting on Monday at the Presidential Villa.
Highlights of the N-Power reports presented to the committee included the release of N37 billion for the Micro Small and Medium Enterprises (MSMEs Survival Fund).
The Survival Fund covers such schemes like N50,000 Payroll Support for three months to over 300,000 beneficiaries; one-time grants of N30,000 each to about 100,000 artisans, and 100,000 business name registrations paid for by the Federal Government. Amb. Maryam Katagum, the Minister of State for Industry, Trade and Investment, reported the progress of the Survival Fund to the committee.
The Central Bank Governor (CBN), Godwin Emefiele, reported on the bank’s intervention including disbursement of over N192 billion for household/MSMEs grants to 426,000 beneficiaries of N-Power across the country.
He there said there were plans to do over N100 billion more in that category named Targeted Credit Facility.
Emefiele said that under the collateral-free Agric-Business/Small and Medium Enterprise Investment Scheme in the N-Power programme, there were ongoing grants of concessionary loans from between N150, 000 to N2.5million. In that category, the CBN governor disclosed that over N106 billion had been disbursed so far to over 27,000 beneficiaries.
In the Agric sector, Agriculture and Rural Development Minister, Alhaji Sabo Nanono, reported that under the Economic Sustainability Plan (ESP), a total of 5.4million farmers had been numbered to get the support under the plan.
For the purposes of funding through the CBN, the Minister disclosed that 2.9million of the farmers had their BVN enrollment validated. “Also, the clearing of 3,200 hectares of land for farming is ongoing in several states including Edo, Plateau, Ekiti, Cross River, Ogun, Kaduna, Kwara, and Osun States.
“While rural road constructions have reached about 28 per cent completion covering 344 kiliometres linking about 500 markets across the country.’’
Dr Isa Pantami, Minister for Communications and Digital Economy, also briefed told the ESC that broadband penetration in the country had moved from 38 per cent in 2020 to 45 per cent at present.
Recall that in December 2020 the federal government increased the number of N-Power beneficiaries to one million, up from 500,000 under the National Social Investment Programmes (NSIP) The first batch (A) began with over 200,000 young Nigerians in 2016, while the second batch (B) had about 300,000 that kicked off in August 2018.