Thursday, March 19, 2020

The State Of The Nation And Its Implication On NPower And NSIP

This might be a trying time to NPower Volunteers and Nigerians as a whole as the global spread of COVID-19 popularly known as Coronavirus which is negatively affecting the global economy and Nigeria economy as well is a cause for concerned.

This latest development on Nigeria Economy which has affected the major source of its revenue probably may have its implication on the NPower programme and the NSIP as a whole because this is where the get finance to fund the programme.

This situation may cause further delays of NPower and NSIP beneficiaries monthly stipends payment and a cut on 2020 budget for NSIP Programme because the Nigerian government has on Wednesday announced some significant changes to its 2020 budget as measures to contain the effect of the outbreak of Coronavirus on the Nigeria Economic.

Oil which is Nigeria foreign exchange earnings and the major revenue generation of the Country is currently under threat with the development in the international market. Nigeria rely on crude oil to finance its budget.

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