Why we are deducting beneficiaries’ stipends – N-power

N-Power, Federal Government empowerment scheme, has explained why
stipends of some beneficiries were deducted.

The scheme explained that " Beneficiaries who selected the Tecno and
Speedstar devices incurred additional charges.

This information was contained in a statement on its Twitter handle.

The Statement with the title, 'Deduction in Stipends' reads:

"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 between the months of March and July, 2018."