774,000 Jobs: Participating Banks continue full payment to beneficiaries

The Nigerian Banks selected for the 774,000 Special Public Works Programme have commenced massive Stipend payment to the beneficiaries of the Programme, in a bid to clear all outstanding payments as directed by the Federal Government.  

Access Bank, Fidelity and FCMB had in June commenced the complete payment of N40,000 to participants who had earlier recieved the initial payment of N20,000 and N60,000 to participants who have not received the first, second and third Stipends.

The Minister for State, Labour and Employment, Mr Festus Kayemo had in a statement disclosed that his Ministry discovered irregularies such as accounts not matching BVNs, multiple accounts bearing a single BVN, non-existent BVNs, etc thereby mandating the participating Banks to rectify all issues befor the commencement of the payments.

Other participating banks such as UBA, Heritage Bank etc have, Monday, commenced full payment of N60,000 to the participants after sorting the underlying issues.

As part of the Exit plan for the participants of the Extended Special Public Works Programme, the federal government earlier in July announced its plan to conduct a business training which would enable the participants effectively utilise their 3 months Stipends.

The spokesman of the National Directorate of Employment (NDE), Edmund Onwuliri, disclosed that the Training would be held at each State's Senetorial Zones plus FCT, adding that the Participants are expected to acquire relevant skills that would enable them identify and manage micro and small businesses of their own after they exit the ESPW.

Reports across the federation revealed that some States and Senetorial Zones have concluded the Training while it is yet to begin in some States and Senetorial districts.

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