Npower Stipend

What Is Npower Stipend 

Npower Stipend is the sum of money paid to Npower beneficiaries for work or training completed within a particular month, the stipend for Npower graduate categories is ₦30,000 while the stipend for non graduate categories is ₦10,000. 

How Npower Stipend Is Paid 

Npower beneficiaries receive their stipend from the Central Bank of Nigeria through the Nigeria Inter Bank Settlement Scheme after the stipend has been approved by the Ministry For Humanitarian Affairs. 

When Npower Stipend Is To Be Paid 

Npower beneficiaries receive their stipend when their payroll tab is updated with payment data, once the payroll tab is updated with payment data then the Npower beneficiary's payment has been initiated, stipend payment all things being equal is supposed to be made at the end of the month after payroll has been cut off every 21st of the stipend payment month, payroll cut off is a situation whereby eligible Npower beneficiaries' lists due for payment are submitted to Central Bank of Nigeria and NIBSS (Nigeria Inter Bank Settlement Scheme) to effect payment, but due to bank network issues and payment processing issues the stipend payment might take a little longer. The stipend is transferred electronically either through National Electronic Funds Transfer (NEFT), NIBSS Instant Payment (NIP), depending on the mode of payment transfer the stipend payment might be slower or faster most times NIP transfers are faster than NEFT transfers. 

Who Will Get The Npower Stipend 

All Npower beneficiaries that have completed their Npower registration, Npower screening process, biometrics, Npower physical verification, Npower deployment, have uploaded their deployment letter and have started working at their places of primary assignments.

Where The Npower Stipend Payment Will Be Made

Npower beneficiaries' stipend will be credited to Npower beneficiaries' bank account, and once credited it will appear as 'paid' on the Npower beneficiary's payroll tab under the payment status.