FG to Start Second Tranche of Payment to 774000 SPW Participants

FG to Start Second Tranche of Payment to 774000 SPW Participants

Are you among the 774,000 SPW Participants and you have not received your payment yet? then you have good news because the Federal Government set to start a second payment of the tranche of stipends of N20,000 to each of the 774,000 participants in its Special Public Works (SPW) programme.

Before we move ahead, if you are among the MSME Survival Fund applicant, FG Urges Verified Applicants To Be Patient As Payment Continues. Click HERE to get full details.

The partial payment of N20,000 stipends to the 774,000 workers started in April which was three months after the programme started.

The Minister of State for Labour and Employment, Festus Keyamo, who is the founder of the programme, admitted that some workers under the programme were having issues with their payments from two banks, though he did not name the banks.

But according to reports, some workers having accounts with Zenith and Heritage banks had not received their first payments because the banks had not met the requirements set by the National Directorate of Employment (NDE), the implementing agency for the programme.

Speaking with The Nation in Abuja yesterday, the minister said until the Bank Verification Number (BVN) of participants of the programme were verified, the Central Bank of Nigeria (CBN) would not credit those accounts.

He said:

“Those who have not received payments from two banks will be paid in due time. Until the two banks fulfil the mandate we gave them to ensure the credibility of the accounts and to make sure we eliminate fraud; until that is approved by us, the CBN will not credit those accounts.

“We want to appeal to everyone, especially those who have not received their first tranche from those two banks, that they will be paid, and everybody will be duly paid before the second tranche begins. And the second tranche will begin soon.

“We don’t want to make errors in haste, especially for me. This is a programme put under my care by Mr President. I want to make sure that it is fraud-free. That is why I am ensuring that all indices of fraud are eliminated in those accounts before they are credited.”

One thousand youths were hired from each of the 774 local government areas in the country as beneficiaries, bringing the figure to 774,000.

It was learnt that N52 billion has been earmarked for the programme, which is expected to last three months, with the funds used for buying equipment, payment of salaries and other logistics. But only N26 billion has so far been released for the programme.

The 774,000 SPW programme was inaugurated on January 5, 2021, to empower young unemployed youths.

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FG to Start Second Tranche of Payment to 774000 SPW Participants