The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has disclosed that the Npower NEXIT training will begin on 14th of March, 2022.
Investors King recalls that the minister of Humanitarian Affairs, Disaster Management and Social Development, Hajia Sadiya Umar Farouq had earlier disclosed that the beneficiaries would get complete their training by the end of the first quarter and get a loan from the Central Bank of Nigeria (CBN).
As part of plans to implement the exit programme, the ministry has collaborated with Entrepreneurship Development Institutes (EDI) for the conduct of the NEXIT Loan Training across States of the Federation.
Investors King gathered that the NEXIT loan training is expected to be held across various states in the country from 14th-18th March 2022. However, training dates may differ across the states.
Meanwhile, Npower beneficiaries of the NEXIT training have been advised to beware of fraudulent messages and emails currently being sent to unsuspecting members of the public.
Also, all the disengaged Npower beneficiaries who have declared their availability for the NEXIT Loan Training will be sent the NEXIT Loan Training Invitation through their Npower Registered Email and/or Npower Registered Phone Number. According to the minister, the Federal government plans to train about 300,000 applicants.
The NEXIT training is an exited strategy for the transition of Npower beneficiaries at the end of their duration in the Npower programme. NEXIT (N-EXIT) Loan was initiated by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development in collaboration with the Central Bank of Nigeria to provide soft Loan amounts between N250,000 to N3million to enable the exited beneficiaries to proceed in a business enterprise after a compulsory NEXIT Loan Training at the end of the Npower programme.
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.
The N-Power scheme is one of the Social Investment Programmes (SIP) of the Muhammadu Buhari administration. It involves the temporary recruitment of unemployed graduates between the ages of 18 and 35 in various sectors including education, agric, among others.
These beneficiaries are employed for a period of two years, during which they are paid a stipend of N30,000.