NPower Rolls Out NEXIT Package, 200,000 Beneficiaries To Be Engaged As Financial Service Operators

The Federal Government’s NPower scheme has rolled out the exit packages (NEXIT) for all beneficiaries of the programme.

With the NEXIT plan package, at least 200,000 exited Npower beneficiaries will be engaged as financial services operators under a Shared Agent Network Expansion Facility (SANEF) scheme controlled by the Central Bank of Nigeria.

Among other things, the NEXIT programme is expected to create a platform for Nigerian owned financial services companies to grow whilst empowering and creating job opportunities for Nigerian youths.

Investors King gathered that over 30,000 Npower volunteers have already been engaged as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme such as Federal Ministry of Agriculture and Rural Development/Agriculture for Food and Job Plan (FMARD AFJP) and the Project for Agricultural Co-ordination and Executive (PACE), while other Npower volunteers be given the alternative of benefiting from the GEEP micro-enterprise loans.

Also, about 200,000 exited Npower volunteers will be enrolled on a programme known as the Shared Agent Network Expansion Facility (SANEF) while at least 30,000 Npower volunteers will be deployed for the Mass Agric programme, a component of the Economic Sustainability Plan (ESP), and other NPower volunteers will be given the opportunity to develop their entrepreneurial skills and start new businesses under a micro-enterprise scheme.

The SANEF programme is a Federal Government initiative operated by the Central Bank of Nigeria, Commercial Deposit Money Banks, Nigeria Inter-Bank Settlement Systems (NIBSS), Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents with the primary aim and goal of accelerating financial inclusion and financial growth and development in Nigeria.

The SANEF, in partnership with the National Social Investment Programme (NSIP) will have 200,000 Npower graduates as its agents under the approved ‘SANEF licensed Super Agents’.

Recall that Investors King had earlier reported that the Federal government had, through its Ministry of Humanitarian Affairs, Disaster Management and Social Development which is handling the scheme, launched a portal for the 500,000 exited beneficiaries to apply for their exit packages.

The minister, Hajiya Sadiya Umar Farouq had encouraged the beneficiaries to exercise more patience and await the result of her efforts.