NEXIT Loan: Anxiety heighten among Batch A and B as October draws to half

The month of October holds a new dawn for the exited Batch A and B Npower beneficiaries as the Humanitarian Affairs Minister, Sadiya Umar Farouk has reaffirmed her commitment in ensuring that the NEXIT Loan Programme becomes a reality.

The Minister in response to an enquiry in September had announced that a training, which forms a compulsory part of the NEXIT Loan disbursement, will commence in October, 2021. 

Also in an answer to frequently asked questions (FAQ) released by the Ministy on Thursday through its official Facebook handle, Farouk reiterated that the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development is collaborating with the Central Bank of Nigeria in offering of possible economic placement and other opportunities to the exited volunteers that meet up with the CBN's selection criteria.

The Ministry added that over 300,000 exited beneficiaries have indicated interest to be on the NEXIT Loan Programme.

FMHDS furthered that following a critical study of the Npower Programme thus far, the Ministry has insisted on working out the pilot phase of the transition plan - the NEXIT Loan, as it collaborates the CBN, and moves to explore other favourable options for the transition of the Npower beneficiaries. 

However, the month of October is tending towards its middle while the Ministry is yet to release a laid down plan for the training of the exited Batch A and B Npower beneficiaries, in full readiness for the NEXIT Loan Disbursement.

The exited Batch A and B Npower beneficiaries had objected to the Training, asserting that the Training was unnecessary as the knowledge and experiences obtained in the course of the Npower programme, are enough to enable them establish any business with the loan when disbursed.

The beneficiaries further alleged that the plan to train them before the NEXIT Loan Disbursement is a calculated plan to further delay the NEXIT Loan disbursement to the qualified candidates.

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