RateCaptain
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Subscribe
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us
No Result
View All Result
Rate Captain
No Result
View All Result
Home News

SPW Programme: FG paid N24.8 billion as stipends to 413,630 beneficiaries

Rate Captain by Rate Captain
June 25, 2021
in News
Reading Time: 2 mins read
A A
0
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Minister of State for Labour and Employment, Festus Keyamo, has disclosed that the Federal Government has paid the sum of N24.8 billion as stipends to 413,630 beneficiaries of its Special Public Works Programme.

The Minister disclosed this on Thursday in Abuja during the weekly briefing organised by the Presidential Communication Team, according to the News Agency of Nigeria.

AlsoRead

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

Twitter Acquisition deal temporarily on hold, Says Elon Musk

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

What the Minister is saying:

“As at this morning people have started receiving their payment of N40,000 each; that is for those who have received N20,000 before but for those who had not received before and have finished their work, we are paying them N60,000 each.

“So, you will hear jubilation across the country because of that and this N60,000 will save so many lives across the country.

“This is surely going to reflate the economy because we have designed it in a way that all the Local Government Areas will benefit.

“It is going to boost the economy from the very bottom because the beneficiaries are going to add this money to their businesses.

“So, as at this morning, we have so far paid 413,630 persons out of the 774,000 so we have achieved about 60 per cent.

“All of these people received N60,000 each and the total we have paid is N24,817,800, actual money given to Nigerians for them to cushion the effects of COVID-19 from the grassroots,” Keyamo said.

The Minister, however, said the entire targeted 774,000 beneficiaries may not be achieved because of the peculiarities of the screening process.

What you should know

  • The Special Public Works Department is one of the four (4) core programmes organized by the National Directorate of Employment (NDE), under Nigeria’s Ministry of Labour and Employment.
  • The Ministry revealed that the 774,000 unemployed Nigerians were selected across the 774 local government areas in the 36 states and the FCT for community/environment public works. Each of the beneficiaries of the programme will be paid N20,000 monthly to carry out public works.
Previous Post

Reps invite Amaechi over NPA’s unaccounted N166.9bn

Next Post

World Bank says reforms can raise Nigeria’s revenue to N10 trillion in 3 years

Related News

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

“The Tin Can Island Port is deteriorating” – Mohammed Bello-Koko

by Rate Captain
May 16, 2022
0

The Nigerian Ports Authority has announced the  deteriorating state of the Tin Can Island port, saying that more attention should...

Twitter Acquisition deal temporarily on hold, Says Elon Musk

by Rate Captain
May 13, 2022
0

Elon Musk has announced that his $44 billion deal to acquire Twitter is now on hold. This is coming after...

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

Emirates Airlines announced the adoption of Bitcoin as a Payment alternative

by Rate Captain
May 13, 2022
0

One of the United Arab Emirates (UAE) leading airlines, Emirates Airlines has announced the adoption of Bitcoin as a payment...

After the alleged claim of not being aware of the strike, President Buhari begs ASUU to call off the strike!

After the alleged claim of not being aware of the strike, President Buhari begs ASUU to call off the strike!

by Rate Captain
May 12, 2022
0

President Muhammadu Buhari has appealed to the Academic Staff Union of Universities (ASUU), to consider the plight of the students...

Next Post

World Bank says reforms can raise Nigeria’s revenue to N10 trillion in 3 years

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

MOMAN Debunks Rumor of Aviation Fuel Selling at N700 per Litre

Oil Marketers, Airlines reach loggerheads over local Aviation Price

May 20, 2022

Naira Depreciates at all Markets: Naira Hits N610/$1 at B2B Market

May 20, 2022

Popular Story

  • Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”

    Sterling Bank to face sanctions by APCON over provocative Easter Message “Likening Christ resurrection with Agege Bread”

    0 shares
    Share 0 Tweet 0
Rate Captain

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • FX Rates
  • Commodities
  • Money Market
  • Cryptocurrency
  • Corporates
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.