Latest NPower/Nexit Loan News | Apply For 300k Nexit Loan

The Ministry of Humanitarian Affairs, Disaster Management and Social Development Minister, Hajiya Sadiya Umar Farouk, stated on Thursday during the weekly ministerial briefing organized by the presidential media team that the Federal Government will be providing 300,000 N-Power exited beneficiaries with loan facilities from the Central Bank of Nigeria (CBN) after Nexit vocational training.

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 the end of this quarter, these people will be given 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.

  1. Npower CBN Loan Latest News

The latest news update on the Npower CBN loan is that the batch 1 shortlisted candidates have completed their training and are waiting for the disbursement of the loan.

How to Know Npower Nexit Loan Approval Status?

Only Npower beneficiaries that were shortlisted for Npower Nexit and completed their training are qualified for the Npower Nexit loan.

Npower Nexit Loan Amount?

All the Npower Nexit successful beneficiaries will receive a loan of N300,000 with the help of CBN.
In conclusion, do you want us to notify you of the latest news updates about the Nexit loan distribution starting? Comment below right here now.

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