All beneficiaries have now been moved to the Npower Stipend Payment through Government Integrated Financial Management Information System (GIFMIS) platform and this requires a few more processes.
The delay in payment of the Npower Agro, Npower Build, Npower Teach, Npower Tech is as a result of the movement of Npower beneficiaries to the Npower Stipend Payment through Government Integrated Financial Management Information System (GIFMIS).
Government Integrated Financial Management Information System (GIFMIS) is an I.T based system for budget management and accounting that is being implemented by the Federal Government of Nigeria to improve Public Expenditure Management processes, enhance greater accountability and transparency across Ministries and Agencies. GIFMIS is designed to make use of modern information and communication technologies to help the Government of Nigeria to plan and use its financial resources more efficiently and effectively.
Portal for GIFMIS
The portal is http://gifmis.gov.ng/gifmis/
GIFMIS will be also used in the followings;
- Budget preparation and execution
- Treasury management and reporting
- General ledger and financial reporting
- Procurement, including Commitments, purchase orders, Maintenance of a central supplier register and Support for e-procurement
- Receipting, Accounts Receivable and Revenue Management
- Payments and Accounts Payable
- Inventory and Stock Control
- Fixed Asset Management
- Project accounting
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