Latest Updates on NEXIT Loan Training

Latest Updates on NEXIT Loan Training.

The NEXIT Programme has already been initiated, and it is currently been run by an independent consultant.

Out of 467,183 trainees who indicated interest, 75,600 was expected to participate in the first phase of the orientation programme, leading to the collection of loans of up to three million (3 million) Naira from the Central Bank of Nigeria.

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NEXIT applicants are advised to remain calm and not to panic because every NEXIT applicants will be trained. They will be training batch 1, training batch 2, training batch 3, training batch 4 until everyone is trained.

 

Preparation for the NEXIT Training Batch 2 is ongoing, The Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development will officially announce the date in due time. If you haven't confirmed your availability for the training yet, dial *45665# don't forget to use MTN line.

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NEXIT Loan Training as many perceived is not only the Physical presence in the NEXIT Loan Training Centre but also encompasses other procedures, during and after the Physical Training, which are part of the Criteria for accessing the NEXIT Loan.

 

Among these Procedures are "Submission of Business Plan" and "Assessment of Business Plan". These two are the key components of the NEXIT Loan Training and major criteria for getting the NEXIT Loan.

 

The Minister for Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk, noted during the flag off of the NEXIT Loan Training in Abuja that for ease of coordination, the NEXIT Loan Training will be conducted in Phases.

 

With the number of 75,000 exited Npower beneficiaries in the Training Batch 1 of the NEXIT Loan Training, there are not less than 1000 beneficiaries in each State and about 500 beneficiaries for each participating Entrepreneurship Development Institute (EDI). 500 or more beneficiaries per EDI are not small numbers to manage as regards the NEXIT Loan Training, Submission of Business Plan and the Business Plan Assessment.

 

Training another Batch of 75,000 NEXIT beneficiaries while the Training Batch 1 is ongoing would still mean more delay as the processes of NEXIT Loan Training, Business Plan Submission and Business Plan Assessment must be conducted on each trained beneficiary before concluding on the number of beneficiaries eligible for the NEXIT Loan Disbursement.

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Sadiya Umar Farouq