Minimum wage: did it also increase Npower beneficiaries’ stipends – President Muhammadu Buhari a few days ago signed the new national minimum wage bill of N30,000 into law which according to sources within the presidency takes immediate effect nationwide.
Ever since the passing into law of the new national minimum wage there has been a lot of rumours especially on social media that the new development has resulted in the increment of the monthly stipend of the federal government social intervention program, the Npower.
The rumor has it that the Npower monthly stipend has been increased from the regular N30,000 to N50,000 as a result of the raise in workers’ salaries across boards.
Checks by Financial Watch to ascertain the facts of the matter shows that although the federal government has fully implemented the new minimum wage across boards, but there are no official statements from the federal government on whether the Npower stipend has been increased to N50,000.
Participants are hereby advised to be patient as they await their next monthly stipend which will definitely confirm if there have been any changes or not.
The Npower is a Federal Government of Nigeria programme under the social investment programme for job creation and empowerment initiatives. It is a programme of the FGN to help reduce unemployment by helping them to create jobs and engaging them in activities while unemployed.