NEXIT Loan: 5 Reasons Beneficiaries of Covid-19/NYIF/AGSMSIS will not Benefit
See Npower Loan & Batch C: 5 Reasons While Volunteers Will Smile Soon
See N-power Nexit E-Training: Mindthegap Join The Virtual Training Now
See National MSME Clinics Grant Award: Https://msmeclinics.gov- Apply
See How to Access New CBN’s Agric Loan (Financing limit N10,000,000)-Apply
See New Update on Survival Fund: N75bn Disbursement begins – Apply Here
NEXIT Loan: 5 Reasons Beneficiaries of Covid-19/NYIF/AGSMSIS will not Benefit: The Nexit loan programme of the Federal Government might not be for all npower nexit volunteers, as many factors may be used to disqualifier even qualified npower volunteers
The registration for the exit loan programme is currently on, and according to data available, more than 400,000 volunteers have registered, signifying interest in the loan programme
Umar Sadiya, the chief anchor of the programme also made it clear, the loan programme, will not be for all volunteers, only volunteers who meet certain criteria and conditions set by the CBN for the said programs
See NEXIT Email/Login Problem: Send Details to www.docs.google/form
Her precise words “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”
“The NEXIT portal is to determine the suitability of the beneficiaries for the CBN affiliated programs and is dependent on meeting the criteria and conditions set by the CBN for the said programs”
“The Minister also emphasized that the NEXIT PORTAL will determine the suitability of the beneficiaries for the CBN affiliated programs”
Let’s uncover many reasons with evidence why many Npower exited volunteers would not benefit from the Nexit loan programme, which is a “stone throw” from now
The Loan is dependent on meeting the criteria and conditions set by the CBN
According to the above words from Umar Sadiya Farouq, the mouth piece of the Government regarding the Nexit loan programme, she made it vividly clear, all not volunteer will scale through with the loan
Some conditions and criteria will be set, and only volunteers who meet them would scale through. Unfortunately, as at this time, there is not known conditions and criteria made available to volunteers
Volunteers should bear in mind, there conditions and criteria will not be different from that of Nigeria Youth Investment Fund, Survival Fund, AGSMSIS and others, where only selected few where chosen out of millions of applicants
See NYIF:Massive Fund Disbursement Ongoing as 239 Get N116M- Check List
A Psychometric Assessment Test Might Be Conducted As A Pre-Qualification For The Loan
The HonorableMinister of Humanitarian Affairs, Disaster Management and Social Development, Umar Saidya Farouq Made crystal clear that a psychometric assessment will be conducted to determine competency and placement
“We have commenced the transitioning of beneficiaries from Batches A and B into CBN schemes and engaging private sector bodies to absorb some of the beneficiaries after the completion of psychometric assessment to determine competency and placement into various opportunities”
Looking at the above statement shows, the Nexit loan programme will come with a price, which many might not be able to pay
The Nigeria Youth Investment Fund, Survival Fund, AGSMSIS and others, came with such huge burdens, where training and some sort of assessment were used to screen out millions of applicants
To be prepared for this study the past Transitioning Batch A & B: Psychometric Test Past Questions and Answers
Beneficiaries of Covid-19 NYIF Survival Fund AGSMSIS will not Benefit
The loan programme is anchored by the Federal Government via the Central Bank of Nigeria, and the policy of the CBN is that, one person cannot benefit from Multiple Federal Government loan programmes
Volunteers who have benefited from Nigeria Youth Investment Fund, Survival Fund, AGSMSIS and others, should not expect anything from the Nexit loan programme
As shown from the picture about, strict warnings was giving to applicant of other CBN Loan Affiliate Programmes
There may be some terms and conditions for the loan, if it is less than 200,000 naira, volunteers may be considered, and so on. For now, no precise information regarding that
CBN has “up-to-date” technology to detect those who have benefited from all government loan programmes
Volunteers on “HOLD/ABSCOND/RESIGNED” Will Not Benefit
Volunteers who resigned and those who were placed on hold and those who absconded should not put their hope on the NExit loan package
Only volunteers “Enrolled as status” will get the loan, the NSIP has made it clear, they have all data of all the volunteers, both the Batch A and B.
All those who were resigned, placed on hold and those who absconded should not waste their time, as their data is hinged on a hybrid computer system
Npower Batch C Are Not Eligible For The Loan