Latest Update on NEXIT Loan Training Batch I, II and Disbursement

Latest Update on NEXIT Loan Training Batch I, II and Disbursement

 

In todays NEXIT Loan news, we will share with you the latest updates on NEXIT Loan Training Batch I and II, including disbursement for NEXIT Loan Batch I.

 

Hajiya Sadiya Umar Farouck, Minister, Ministry of Humanitarian Affairs, Disaster Management and Social Development, stated on Thursday during the weekly ministerial briefing organized by the presidential media team that the Federal Government will be providing 300,000 N-Power exited beneficiaries with loan facilities from the Central Bank of Nigeria (CBN) after NEXIT loan vocational training.

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She said: “Yes, we have an exit strategy, which we partner with the Central Bank of Nigeria to give loans to NEXIT beneficiaries. 467,183 indicated interest to be put on an exit programme where they can be trained on different skills, skills of their choice and they will be given loans by the Central Bank of Nigeria, for them to start their businesses.

 

The Ministry has gone far on this. We are in the process of training this second NEXIT Loan batch of those that have indicated interest. And I’m sure before the end of this quarter, the NEXIT loan applicants will be given these loans by the CBN.

 

As a government agency the ministry, we do not give loans. So, we have to partner with those institutions that can do that.

 

Unfortunately, some of these people were not very wise in their savings but for anybody that’s really serious, most of them have saved.

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About 109,000 of the N-Power beneficiaries have become entrepreneurs. They are now employers of Labour and we have evidence of that which can be provided to you.

This is a very laudable programme, and people have benefited and people are being supported. And we have an exit strategy. We are on it and it’s a continuous process.

 

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Latest Update on NEXIT Loan Training Batch I, II and Disbursement