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Home»Loans»Npower ₦3m Loan Flagged Off, 467,183 to Benefit

Npower ₦3m Loan Flagged Off, 467,183 to Benefit

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THE federal government has begun entrepreneurial training of 467,183 out of the 500,000 beneficiaries of the N-Power scheme captured in exited batches A and B.

The batches were exited last year after over two years to pave way for another set of beneficiaries of the National Social Investment Programme,NSIP of the government.

The trainees who are from all states of the federation, would be trained on empowerment skills with a view to accessing loans from the Central Bank of Nigeria,CBN, to establish businesses of their own.

Contents

  • 1 READ: Over 5, 000 farmers to get N3m CBN Loan
  • 2 READ: Small scale Businesses Loan up to ₦2m

READ: Over 5, 000 farmers to get N3m CBN Loan

The development was in fulfilment of the promise made by the Minister of  Humanitarian Affairs, Disaster Management and Social Development,Hajia Sadiya Umar Farouq,to establish an exit programme for the N-Power beneficiaries.

Under the programme, otherwise known as NEXIT Programme,the N-Power beneficiaries are to get loans from the Central Bank of Nigeria, upon training.

Speaking at the flag-off of the NEXIM CBN Agric Business,Small and Medium Enterprises Scheme,AGSMES scheme in Abuja, Monday,the minister explained that,”The N-Power programme is key to helping young Nigerians acquire and develop life-long skills that ensure they become solution providers and entrepreneurs in their communities.”

“The N-Power programme is a critical part of the National Social Investment Programmes domiciled in the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development (FMHADMSD) and designed to achieve the National objectives of poverty reduction and job creation,”she added.

READ: Small scale Businesses Loan up to ₦2m

Explaining that N-Power has three core segments, namely:”N-Power Volunteer Corps – the Graduate programme;

N-Power Build – Non graduate programme and N-Power Knowledge – Which is a non-graduate programme and embodies the N-Tech Hardware, N-Tech Software and the N-Creative training programme”,she said:”Recently, more segments have been embedded into the N-Power programme such as the N-Skills which is for youth with no formal education who would be trained in different vocational skills and trades.”

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Previous ArticleN400,000 Grant for young Entrepreneurs – This is not Loan Application
Next Article ₦200m Interest-Free Loan by Lagos State Government Finally Begins

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