The federal government has approved the sum of N4,500 each for the 200,000 beneficiaries of N-Power Volunteer Corps.
The approved fund is for the purchase of an electronic tablet device which would be loaded with different applications that would aid further training opportunities during the two-year duration of the job program.
At the moment, a total of 149, 669 Nigerian graduates registered under the N-power programme are collecting their monthly stipends of N30,000 each having been physically verified and deployed across the 36 states and FCT
The announcement was made by the senior special assistant on media and publicity to Vice President Yemi Osinbajo, Laolu Akademi.
While each of the beneficiaries after being verified would select their choice of device amongst nine different BOI pre-approved vendors, the price ranges from N3,000 to N6,700 monthly deductions for the next 20 months.
Therefore in some cases the N4,500 device grant would cover the full monthly deduction cost while in other cases the graduate authorizes BOI to deduct the additional differential cost from their monthly stipends depending on the device chosen.
It was further disclosed that all the 149,669 N-Power beneficiaries now collecting their stipends have been physically verified and deployed, while their given bank account information have also been matched with the Bank Verification Number.
In December, about 112,475 of the N-Power graduate beneficiaries received the N30,000 monthly stipends, and the number came close to 150,000, both in January and February meaning about that number are now receiving their up-to-date stipends from the N-Power Volunteer Corps.