The federal government has said it would commence payment of the nine-month backlog to N-Power beneficiaries in November.
It has also renamed the scheme to the Renewed Hope Job Creation Programme (RHJCP).
The National Programme Manager of the N-Power, Akindele Egbuwalo, disclosed this on Monday.
Egbuwalo said the payment would be done in installments.
He said the funds have been recovered from the existing payment service providers.
A statement signed by the national communication manager of the National Social Investment Programme Agency (NSIPA), Jamaluddeen Kabir, said that Egbuwalo revealed this during a meeting with some N-Power beneficiaries.