Hope Rekindled as Batch A & B Get CBN loan in the Npower Programme

Hope Rekindled as Batch A & B Get CBN loan in the Npower Programme

Hope Rekindled as Batch A & B Get CBN loan in the Npower Programme: The FG CBN loan application Portal launched on November 30th 2020 has officially come to an end, the Senior Special Assistance to the Humanitarian Minister, Mrs Nkem, twitted

Disengaged Npower volunteers’ Data would be collated and processed within some weeks, and further instructions would be given to volunteers

See Dangote Ultra-Modern Skills Acquisition Centre Calls for Application- Apply

See Collation/Sorting of Nexit Application At Npower Situation Room Begins

See Latest Update On Npower-NEXIT CBN Loan & 5 Months Backlog Stipends

The Npower situation room is already sorting out volunteers registered with the Nexit portal. Massive collation of data is ongoing

Not all volunteers will get the loan. “The Honourable Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk had in a statement stated that out of the 500,000 exited Batch A and B N-power Beneficiaries, 200,000 beneficiaries will be engaged as financial services operators under the Shared Agent Network Expansion Facility (SANEF); 30,000 to be engaged beneficiaries as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme while others will have the option of benefiting from the Government Enterprise and Empowerment”

The Situation room is now sorting all volunteers who will be placed on the three segment of the FG transition plan for all disengaged volunteers

• 30,000 to be engaged beneficiaries as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme
• 200,000 beneficiaries will be engaged as financial services operators under the Shared Agent Network Expansion Facility (SANEF)
• 270,000 will be given the option of benefiting from the Government Enterprise and Empowerment CBN loan Programme  

IF YOU ARE YET TO REGISTER FOR THE NEXIT CBN LOAN: SEE THIS

Volunteers will be given between 250k to 800k naira, just like any other FG CBN loan programme, disbursement would be based on business volunteers are willing to venture into

The Covid-19 Nirsal Micro Finance Bank loan Programme, the Nigeria Youth Investment Fund (NYIF), the Agri-Business Small and Medium Enterprise Investment (AGSMEIS) and other loan programmes saw between 250,000 to 800,000 given to applicants each

The Npower Nexit programme will be no exception to this goodwill, details on the repayment plan is sketchy and largely unknown as at now

But what we do know is that; in no distant time, further instructions would be made known to all disengaged volunteers regarding the subject

The CBN loan would be given without collateral:  SEE MORE DETAILS HERE

SEE HOW MUCH VOLUNTEEERS WOULD GO HOME WITH

5 Months Backlog: 8,900 Volunteers To Get N150, 000 Each Next Week

The Federal Government through the Humanitarian Minister, Umar Sadiya Farouq, made a remarkable achievement by successfully verifying the bank statements of 8,900 persons with the last three months

It is worthy to mention that, over 14,200 disengaged volunteers were not paid their five months stipends as a result of GIFMIS, flagging off volunteers in error

The Senior Special Assistance and Media aid to the Humanitarian Minister, Mrs. Nkem, broke the news this today, the 7th of April 2021

Other owed volunteers not captured in the 8900 volunteers are to be patients as verification of bank details and other credentials submitted are ongoing, the ministry assured

5,300 volunteers will not be among the first batch of payment, but after the completion of the bank statement and other credentials, the fate of over 5300 owed volunteers would be ascertained

For now, no one knows if the leftover of the 14,200 would be paid any time soon

Disengaged volunteers have been begging the Federal Government to pay all her outstanding debt of stipends owed to volunteers since last year, not until today, a statement was made in that regard

Sadiya Umar has said, only legitimate claims will be paid after verification of bank details and credentials,

Words of Sadiya Umar regarding the 5 months backlog payment sometimes last year

“From the consolidated list of beneficiaries we received from the OAGF in September, the 14,200 beneficiaries with arrears of stipend were flagged for receiving a monthly payment from other MDAs, particularly from the NYSC”

“It is possible that the 14,200 beneficiaries used their NYSC allowance bank accounts for N-Power and GIFMIS payment platform picked them for double payment”

“The 14,200 affected beneficiaries will present their NYSC certificates for final verification after which we will present an updated list to OAGF to pay off their 5 months arrears”

“All legitimate claims and those on verified list will be paid before the end of the year”