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NPower Release Statement on Deduction of Stipends – #NPowerNG


As the payment of march NPower stipends recently commenced, some beneficiaries noticed reductions and this has raised a lot of concerned. However, NPower has released an official statement regarding this as stated below;

Re: Deduction in Stipends

A few beneficiaries will have noticed a deduction in their stipends.

You will recall that the Federal Government entered into a 20-month Assest Finance Agreement with the Bank of Industry for the N-Power devices.

Beneficiaries who selected the Tecno and Speedstar devices incurred additional monthly charges over and beyond the N4,500 monthly device credit voucher of the FG.

Consequently, the additional costs will be deducted from their stipends btw the months of March and July, 2018.

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