N-Power NEXIT: FG CBN NEXIT speaks on loan disbursement, and gives significant assurance.
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The Federal Government of Nigeria has assured certain N-Power Batch A&B beneficiaries that their NEXIT loan disbursement will start soon.
The promise was made by Sadia Farooq in a statement issued yesterday in Abuja by Nigeria’s Minister for Humanitarian Affairs, Disaster Management and Social Development, Roda Ilya, Deputy Director of Information, the online news outlet reports.
Assuring that the CBN Next Loan disbursement process for the eligible applicants was almost complete, the Minister noted that physical verification for the Enpower Batch C Stream 2 beneficiaries was also in progress.
According to him, all the approvals have been done and the process for disbursement of NEXIT loan will start soon. Sadia also appealed to all the applicants to be patient and keep their accounts authentic.
According to the Minister; “The delay in disbursement of loan was due to a change in government policy of migration from REMITA platform system to GIFMIS payment system which eventually required the former beneficiaries to be offloaded to the new system before being uploaded, reviewed and finalized by Social. Occurs. Investment Program (SIP).
“I am sorry for any inconvenience caused by this delay in disbursing loans to the neglected N-Power volunteers who have proved their mettle as patriotic Nigerians.
“I assure all applicants that GIFMIS is already uploading beneficiaries into the system and hopefully in the next few days, all eligible applicants will receive good news.”
Recall that this online news outlet had earlier reported that the Federal Government of Nigeria on Wednesday, March 14, 2022 flagged off the CBN NEXIT business loan for the disqualified beneficiaries of the N-Power program to successful NEXIT applicants under the Npower scheme. CBN will be received. Debt up to N3 million.
Meanwhile, today is the 98th full day after the first batch of ineligible beneficiaries of the federal government’s N-Power program completed their training and successfully uploaded the required business plan, yet nothing has been done about the proposed CBN NEXIT business loan.