Video: Ministry to train exited N-power Beneficiaries for NEXIT Loan disbursement

The Minister for Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk has disclosed that her Ministy will commence a training for the exited Batch A and B N-power beneficiaries in October, 2021.

Farouk broke the news while responding to a question from Bethel  Chigbo during a Chatham House Africa Programme on Wednesday.

The Minister noted that following the collaboration of the Central Bank of Nigeria in the execution of the NEXIT Plan popularly known as NEXIT Loan, the Humanitarian Affairs Ministry is at the point of training the N-power Beneficiaries who have registered and selected skills for the NEXIT Loan Programme.

She further disclosed that the central idea of the NEXIT Plan is to give Soft Loans to the exited N-power Beneficiaries of which 390,000 out of the 500,000 batch A and B N-power beneficiaries have been successfully accommodated in the NEXIT Programme.

Farouk in her statement also noted that about 109,000 of the 500,000 exited Batch A and B N-power beneficiaries are already into entrepreneurship and are doing their businesses.

Speaking on the plans of the Ministry after Training of the exited N-power Beneficiaries, the Minister stated that the beneficiaries will be provided with Starter Packs to enable them start their business after the straining, adding  that her Ministry will also establish their business modules.

The full video of the Minister's Speech during the Chatham House Africa Programme can be accessed here https://bit.ly/3ubR1PZ

The excerpt of the speech on the NEXIT Loan disbursement can be found from the 48th minutes of the Video.

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