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774,000 Jobs: FG To Begin Payment Of Stipends To Participants

774,000 Jobs: FG To Begin Payment Of Stipends To Participants

The Nigerian government would soon start making payments to Nigerians who were employed from 774 local government areas of the country under the Special Public Works Programme (SPWP).

The minister of state for labour, Festus Keyamo disclosed in a tweet on Saturday, March 20, that President Muhammadu Buhari has directed the release of the funds for the payment of stipends to the beneficiaries of the programme.

Keyamo further stated that he has asked the National Directorate Of Employment (NDE) to start crediting the accounts of those listed in the scheme.

The minister explained that the participants will be paid using their Bank Verification Number (BVN) in order to prevent fraud or double payments.

He, however, warned that candidates who registered with different names different from those used on their bank accounts should not expect payments.

Meanwhile, unemployment has risen to its highest under President Muhammadu Buhari’s administration, as the National Bureau of Statistics (NBS) put the unemployment rate at 33.3% as of the end of 2020.

This figure highlights the impact of COVID-19 on Nigerians last year. In the second quarter of 2020, Nigeria’s unemployment rate was 27.1%, but six months later, the number of Nigerians unemployed rose to 23,187,389.

Note that during the second and third quarter of last year, Nigeria’s economy had slipped into recession.

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