Latest NPower News Today 31st January 2025

Stay updated with the latest NPower News 2025 updates as of today, 31st January 2025. President Bola Tinubu has mandated a major reform of the NPower program, focusing on connecting youths with job opportunities in the private sector. Key updates include the Batch C2 deployment status, NPower stipend payments, and physical verification requirements. Despite challenges like frozen accounts due to an EFCC investigation, the Renewed Hope agenda promises transformative policies for 2025. Trust Naijaonpoint Media for accurate and timely updates on all things NPower.

Below is the latest Npower News 2025 Updates for Today…

Good News: President Tinubu Mandate NPower Reformation

President Tinubu Mandates Overhaul of N-Power Scheme

President Bola Tinubu has called for a major reform of the N-Power program to make it more effective in empowering Nigerian youth. This update was shared by Dada Olusegun, the President’s Special Assistant on Social Media, through his official Twitter account. The aim is to improve the program’s impact and ensure participants gain skills that lead to real job opportunities.

The newly announced reform focuses on linking young Nigerians to practical job opportunities in the private sector. In addition to training, the program will connect participants directly to the market space, ensuring their acquired skills are put to good use. To support this initiative, over 100,000 items have been procured to help empower youth across the country.

As part of the reform, President Tinubu has approved ₦32.7 billion for the National Social Investment Program in 2025. This funding will help roll out various initiatives, including cooperative clusters, which offer low-interest credit facilities ranging from ₦300,000 to ₦400,000.

These efforts aim to support vulnerable groups, especially women and youth, by helping them start or grow small businesses, thereby improving their standard of living.

The administration’s commitment to the #RenewedHope agenda shows its determination to address ongoing economic challenges while rewarding Nigerians for their resilience. The N-Power program’s reform is a step toward creating sustainable opportunities and improving the lives of many across the country.

If you’re looking to learn more about similar government initiatives, check out resources like the FG Health Accountability Officers Program or the latest N-Power news for January 2025.

 

 

NPower / Renewed Hope 2025: Top 10 Policies To Watch Out For This Year

1. The National Youth CONFAB

The National Youth CONFAB is set to begin in early 2025, marking a major step toward involving young people in governance. This initiative aims to bring Nigeria’s youth and its leaders closer, encouraging collaboration and empowering the next generation. The Ministry of Youth will soon share details on how representatives from across the country will be selected, ensuring a wide range of voices are included.

This policy highlights the administration’s dedication to investing in young people as key drivers of national progress.

2. National Credit Guarantee Company

To boost the economy, the Renewed Hope administration plans to launch the National Credit Guarantee Company by mid-2025. This initiative will make it easier for individuals and key sectors to access credit, encouraging entrepreneurship and economic growth. By offering financial security, the company aims to attract investments in agriculture, manufacturing, and small businesses.

3. Tax Reform Bills Implementation

Tax reforms are a central part of the administration’s economic plans. The Tax Reform Bills, currently being discussed in the National Assembly, are expected to be passed and put into action in 2025. These reforms aim to improve Nigeria’s tax collection system, reduce poverty, control inflation, and make it easier to do business.

By addressing revenue leaks and simplifying tax processes, these changes could help stabilize the economy.

4. Consumer Credit Scheme Phase 2

The Consumer Credit Scheme, one of the administration’s flagship programs, will expand in 2025. After benefiting thousands of civil servants, the scheme will now be available to the general public. This move aims to make it easier for people to access goods, support industrial growth, and improve living standards.

By reducing financial barriers, the scheme could help curb corruption and promote economic inclusion.

5. Infrastructure Commissioning

2025 will see the completion of several major infrastructure projects, including:

• Lagos-Calabar Highway (Phase One)
• 3 Bus Terminal Stations in FCT
• Renewed Hope Cities
• Ajaokuta-Kaduna-Kano (AKK) Gas Pipeline Project
• Kaduna Refinery
• 52MW Maiduguri Emergency Power Project (MEPP)

These projects are expected to improve transportation, energy supply, and urban development, laying the groundwork for long-term economic growth.

6. Special Agro Processing Zones/Green Imperative

The federal government will launch Special Agro Processing Zones in six states in partnership with the African Development Bank. These zones aim to boost food production and create large farming hubs. Additionally, the Green Imperative initiative will provide farmers with access to modern equipment and training, ensuring sustainable farming practices at the local level.

7. Full Implementation of Local Government Autonomy

The Supreme Court’s decision on local government autonomy will be fully enforced in 2025. This policy will allow the federal government to send funds directly to local governments, bypassing state interference. By strengthening local governance, the initiative aims to improve service delivery and development in communities.

8. National Livestock Program

The newly created Ministry of Livestock will introduce a National Livestock Program in 2025. This initiative seeks to tap into the potential of Nigeria’s livestock sector, particularly in the North. By addressing conflicts between farmers and herders and promoting sustainable practices, the program aims to boost the economy and reduce poverty.

9. Introduction of the New National Identification Card

The AFRIGO Card, proposed by the National Identity Management Commission (NIMC), will be launched in 2025. This card will serve as a national ID, a payment tool, and a way to access government services. By improving financial inclusion and simplifying identification processes, the AFRIGO Card could transform Nigeria’s digital economy.

10. Renewed Hope Creative Villages

To support Nigeria’s creative industry, the administration will establish Renewed Hope Creative Villages in every state. These hubs will preserve historic sites, promote arts and culture, and create thousands of jobs. By working with state governments, the initiative aims to turn the creative sector into a major contributor to the economy.

Current Status of N-Power

In an interview on Arise TV, the Minister explained that the Economic and Financial Crimes Commission (EFCC) has frozen N-Power accounts due to ongoing investigations on the alleged theft and allegations of mismanagement of funds by the former ministers. These frozen accounts have delayed the disbursement of funds and other program activities.

The Minister assured the public that efforts are underway to resolve the issues and resume full operations of the program once investigations are concluded.

Reforming the N-Power Program

The Minister highlighted plans to revamp the NPower scheme by ensuring that trained beneficiaries are connected to market opportunities after completing their training.

A pilot phase of the new initiative is scheduled to begin in January 2025. This includes collaborations with Innoson Vehicles and another automobile company to train young Nigerians in automobile mechanics.

Expanding Opportunities

Beyond automobile mechanics, the government also aims to extend similar training opportunities to other sectors such as agriculture. These initiatives are designed to equip participants with skills that directly match market demands, increasing their chances of sustainable employment.

No Immediate Backlog Payments

Addressing concerns about backlog payments to NPower beneficiaries, the Minister clarified that no payments would be made until the EFCC investigation concludes. Unfortunately, this means there will be no payments before the Christmas period.

Latest NPower News

House of Representatives Request to Unfreeze NSIP Accounts

Naijaonpoint Media gathered that the House of Representatives has called on President Bola Ahmed Tinubu to direct the Minister of Finance, Wale Edun, to unfreeze the accounts of the NSIP Agency. Stating that the funds are needed to resume  N-Power operations, including paying beneficiaries’ backlogs and facilitating ongoing training and skill development initiatives.

Fire Outbreak at NSIP Warehouse in Abuja

On Thursday, December 5, 2024, a fire gutted the NSIP warehouse in Idu, Abuja, destroying training tools valued at billions of naira. These materials were intended for use by N-Power beneficiaries, particularly those in vocational training streams. While investigations into the fire’s cause are ongoing, this loss further complicates the program’s operations.

Addressing Financial Mismanagement Allegations

The N-Power program was suspended earlier this year (2024) due to allegations of mismanagement by its handlers. The freezing of accounts and subsequent financial audits were efforts to restore accountability and transparency within the system.

Conclusion

The NPower program 2025 is undergoing reforms under President Tinubu’s Renewed Hope agenda, aimed at empowering Nigerian youths with practical skills and job opportunities. While challenges like the EFCC investigation and frozen accounts have caused delays, initiatives such as the National Youth CONFAB, Special Agro Processing Zones, and the AFRIGO Card promise a brighter future. Stay tuned to Naijaonpoint Media for the latest updates on NPower Batch C2 deployment, stipend payments, and more as the program evolves to meet its goals.