The Federal Government has revealed that N279 billion has served its purposes by being spent on Nigerian youths benefiting from the N-Power programme since December 2016 when the programme began.
The N-Power programme is one of the National Social Investment Programmes (NSIP) introduced by the current administration.
Concise News learned that the from Office of the Vice President, Senior Special Assistant to the President on Job Creation and Youth Employment, Afolabi Imoukhuede, disclosed this while addressing newsmen on Friday in Abuja.
Imoukhuede stated that the money was spent on the N30,000 monthly stipend paid to the 500,000 youths engaged under the N-Power Programme.
He revealed that the first batch of 200,000 youths have earned a total of N180 billion for 30 months from December 2016 to June 2019 with a monthly bill of N6 billion.
The presidential aide further said that addition N9 billion monthly bill was paid from August 2018 to June 2019 totalling N99 billion for the second batch of 300,000 youths employed under the N-Power Programme.
“It is every simple in talking about the amount that has been invested. I am saying that in Batch 1, they started earning from December 2016, so roughly we invest N72 billion annually just for Batch 1 alone. That is aside from the gadgets that they get and aside from all the sponsored training that they get,” he said.
“For instance, all the training on Agric for N-Agro, training for Health for those who are in health, we sponsor all of that through the federal agencies, ministry of agriculture and ministry of health.
“So direct in our people is N30,000 x 200,000 = N6 billion every month for the first batch which started in 2016. So they have been there for over two years, that is N72 billion multiply by two years or thereabout.
“But since August last year, the wage bill moved from N6 billion to N15 billion because it’s now 500,000 of them that earn N30,000 monthly.
“We have been on N15 billion for almost one year because by the end of July it will be one year that we have been making that investment every month.
“So if you put it together that just tells you how much investment we have made and like I have said, we don’t owe anyone because the money is paid directly to them, not through a proxy,” the SSA concluded.