CBN Programs: 10 Facts on Economic, Empowerment & Entrepreneurship Volunteers Must Know
See Transition: MHDMSD Launches Portal for Transiting Batch A&B into CBN Empowerment
CBN Programs: 10 Facts on Economic, Empowerment & Entrepreneurship Volunteers Must Know: The Federal Government yesterday, through the office of the Umar Sadiya, the Minister of Humanitarian Affairs, Disaster Management and Social Development over transition has dished out plans for the exited Npower volunteers disengaged since June 2020
See CBN Programs is for Volunteers that Meet Certain Conditions- See Conditions
In a statement through the Special Adviser Ministry of Humanitarian Affairs, Disaster Management and Social Development over transition, Mrs Nneka Nkem, stated CBN intervention programmes that will keep volunteers at work into meaningful ventures
“A Portal that will enable Exited N-Power Beneficiaries to apply for Central Bank of Nigeria Empowerment Options has been launched by the Ministry of Humanitarian Affairs, Disaster Management and Social Development.
“The platform which was developed in collaboration with the CBN will enable Exited N-Power Beneficiaries to log on and apply for the various Economic, Empowerment and Entrepreneurship options provided by the CBN”
But there are many questions begging for answers on this purported Economic, Empowerment and Entrepreneurship (3Es) options, this article will unveil many facts on the aforementioned subjects in clear terms
It Is An Entrepreneurship And Private Sector Development
The Economic, Empowerment and Entrepreneurship (3Es) options is meant to imbibe the spirit of entrepreneurship and self development in the private sector domain, this initiative will help exited volunteers to be self reliant and have business of their own after training and funding
Since government cannot absorb volunteers into the MDAs, giving volunteers the needed Skills, Training and Funds for Entrepreneurship and Private Sector Development is a weapon to economic sustainability
It will Reduce Labor market Stress and Boast Complimentary Work
The Economic, Empowerment and Entrepreneurship programmes will provide Favorable, Equal access and Job opportunities for Skilled and Unskilled, Men and Women, Weak and Strong etc
Thus, reduces the labor market burdens and further complimentary work effort by volunteers
See Transitioning Batch A & B: Psychometric Test Past Questions and Answers
Human capital, Social Protection and Rural development and Agriculture
The Economic, Empowerment and Entrepreneurship (3Es) options will pave way for jobs for hundreds of thousands of volunteers, therefor saving as social protection for unpaid volunteers
The Federal Government may not continue to give exited volunteers the 30,000 naira monthly stipends henceforth, but the The Economic, Empowerment and Entrepreneurship (3Es) initiative will ensure that volunteers create wealth for themselves and employ others
More of the Economic, Empowerment and Entrepreneurship (3Es) will address rural development and Agriculture, thus mitigating food insecurity in Nigeria
Volunteers Will Be Trainned, Monitored Before Cash Will Be Disbursed For Well Established Entrepreneurs
The Economic, Empowerment and Entrepreneurship (3Es) is a plan meant to Train and Monitor volunteers in various Economic, Empowerment and Entrepreneurship ventures like:
- Real Estate
- Hospitality
- Information & Communication Technology (ICT)
- Creative industry
- Finance (agency banking)
- Agriculture & Agro processing
- Transport and Logistics
- Retail (e-commerce)
After training and certifications, volunteers will be giving funds to establish their businesses- A move well praised by Nigerians
Funds are disbursed in tranches subject to performance
To ensure accountability and sustainability, volunteers will be giving funds in tranches to monitor their progress and commitment………….
