FG To Enroll 300,000 Applicants, CBN To Give Loan-Sadiya Raises Hope (Confirm If You Are Among the 300,000)
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouk disclosed that about 300,000 Batch A and B volunteers of the Npower program will be processed for the CBN massive loan disbursement program, the largest in Africa
According to Umar Sadiya, the Central Bank of Nigeria (CBN) will give loans to trained applicants, she vividly cleared the air on the number to be engaged
1) 300,000 out of 500,000 Npower exited volunteers have expressed interest in the NEXIT program, 200,000 will be placed as SANEF agent
2) Npower Batches A and B exited volunteers will be trained on different skills of their choice
3) Loans will be given to Npower Batches A and B volunteers at the end of the training, loans will be disbursed by the Central Bank of Nigeria at the end of the quarter (which is around March)
4) 109,000 exited Npower Batches A and B volunteers have become entrepreneurs- See proof here
5) Npower Batch A benefited from the Npower program for about three to four years, while Npower Batch B benefitted for two years.
6) President approves the NEXIT package- See the amount for each Volunteer
See Download Npower NEXIT Training List Batch 1 & 2 ( All 36 States)
“Farouk affirmed the Federal Government’s plan to enroll about 300,000 applicants into a training program, while the Central Bank of Nigeria would give them loans”
She said this to State House correspondents on Thursday during the weekly ministerial media briefing organized by the Presidential Communications Team at the Presidential Villa, Abuja.
See Npower Nexit Training Registration Still Ongoing (Free Interest Loan)
In no distant time, there will be massive training of about 300,000 volunteers, and after the training, Batch A and B volunteers will have the option to choose their loan option as done with the NYIF, Covid-19 loan, and other FG Loan programs
The Minister of Humanitarian Affairs also shed more light on the FG Conditional Cash Program, according to her, poor and vulnerable Nigerians have benefited from the FG N5,000 RRR project, thus eliminating poverty from the poorest of the poor
See Nexit Loan Programme: How to Prepare For Training (Accessing Manual)
“If you look at the people that you are taking this intervention to, N5,000 means a lot to them, because these are poor and vulnerable households, and it changes their status; but for you and me, N5,000 is not even enough for us to buy recharge card; that’s the difference.
“But for these poor people in the communities, they were able to save out of that N5,000; if it’s not making any impact, if it’s not changing their economic status, I don’t think anybody will force them to contribute that N1,000 to provide that vehicle for their use. So, N5,000 goes a long way.
See CBN Empowerment Program 2022/2023 | NEXIT Loan & Training Update
“When people say N5,000 does not save people, that is an elitist statement, because we’ve had causes to go to the field and we have seen these people that when you give them this N5,000, they cried and shed tears because they’ve never seen N5,000 in their lives. So, it goes a long way, it changes their status, and by that, it lifts them from one stage to another.”-Sadiya 2022
If You Have Not Confirmed Your Eligibility, See What To Do
Dial *45665# on any network (N30 fee applied)
Select the NEXIT Option from the drop-down
Insert your BVN or Nexit registered Phone Number
Accept the eligibility message if selected
You can also download or check the list here
Please kindly contact any of the numbers below should your registration issues persist
09220310 or 018888148 (9 am to 4 pm Monday to Friday)