President Muhammadu Buhari was on Thursday, 10th of December, 2020 approved the increase in the number of N-Power beneficiaries from five hundred to one million people.
Buhari made this announcement via his Twitter handle and reaffirmed his plans to lift 100 million Nigerians out of poverty.
He wrote: “We remain committed to the plan to lift 100m Nigerians out of poverty.
“To this end, I have approved an increase in scope of our Social Investment Programme: Doubling of @npower_ng beneficiaries to 1 million; 1 million new @geep_ng beneficiaries & 5 million new pupils for @NHGSFP.”
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, had on November 30 hinted that the number of N-Power beneficiaries would be doubled.
President Buhari inaugurated the N-Power programme on June 8, 2016, with 500,000 direct beneficiaries.
The programme was conceived by the government in a bid to address youth unemployment; and increase social development in the country.
The government planned to spend N400 billion on N-POWER, TRADERMONI and other SIPs in 2021.