Update on NEXIT Loan/Npower Nexit News Today: The Federal Government has stated about 300,000 N-Power exited beneficiaries will enjoy loan facilities from the Central Bank of Nigeria (CBN) after vocational training.
The Minister of Humanitarian Services, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, stated this on Thursday during the weekly ministerial briefing organised by the presidential media team.
She said: “Yes, we have an exit strategy, which we partner with the Central Bank of Nigeria. And out of this 500,000, about 300,000 indicated interest to be put on an exit programme where you can be trained on different skills, skills of their choice and they will be given loans by the Central Bank of Nigeria, for them to start their businesses.
“This we have gone far. We are in the process of training those that have indicated interest. And I’m sure before the end of this quarter, these people will be giving these loans by the CBN.
“As a government agency the ministry, we do not give loans. So, we have to partner with those institutions that can do that.
“Unfortunately, some of these people were not very wise in their savings but for anybody that’s really serious, most of them have saved.
“About 109,000 of the N-Power beneficiaries have become entrepreneurs. They are now employers of Labour and we have evidence of that which can be provided to you.
“This is a very laudable programme, and people have benefited and people are being supported. And we have an exit strategy. And we are on and it’s a continuous process.”
This is a very laudable programme, and people have benefited and people are being supported. And we have an exit strategy. And we are on and it’s a continuous process.”
Source: thenationonlineng.net
Npower NEXIT Loan Amount: NEXIT Scheme is an exit package for the exited Batch A and B Npower beneficiaries of the N Power in partnership with the Central Bank of Nigeria (CBN) to enable them to benefit from the CBN empowerment options.
The amount of the loan is yet to be announce by the Ministry.
Npower NEXIT Loan Training News Today: The date for NEXIT training is February, 2022.
Npower NEXIT Loan Disbursement Update:
Sadiya Farouq discloses that Theyvhave gone far. We are in the process of training those that have indicated interest. And I’m sure before the end of this quarter, these people will be giving these loans by the CBN.