Npower Batch C1 Extension News: Exited beneficiaries to be migrated to NEXIT Loan Programme - Farouk

The minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouk, has stated that through the NASIMS Portal launched for the Batch C Npower Programme, there would be efficient transition and exit management plan that will enable beneficiaries to be migrated automatically to the NEXIT Loan Programme.

The Minister made this known in her ministry's weekly update tittled My week in Review while enumerating the importance of the National Social Investment Management System (NASIMS) platform in the implementation of the NSIP mandate.

"The Npower programme is a critical component of the FG's National Social Investment Programme (NSIP) and supports the FG's vision of lifting 100 Nigerians out of poverty over 10 years. The objective remains to upskill young Nigerians for employment or entrepreneurship." 

"The NASIMS platform will help ensure transparency, institutional memory, and dynamic impact assessment of the N-Power cluster, Batch C, thus providing seamless interaction between the programme and beneficiaries,"

"The NASIMS platform will also facilitate seamless beneficiary verification, including an efficient transition & exit management plan that will enable beneficiaries to be migrated automatically to the NEXIT Program for POSSIBLE placement & employment opportunities with FG agencies", Farouk Stated.

Related: Npower Batch C1 Extension News: Npower Batch C1 done and dusted, ministry states

NEXIT (N-EXIT) popularly known as NEXIT Loan Programme is an Exit or Transition Plan which is meant to train and grant soft Loans to Npower beneficiaries after completing their duration in the Npower Programme, according to the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development. 

It is organised by the Ministry in collaboration with the Central Bank of Nigeria, to offer Loan amounts between N250,000 - N3million as obtainable in the CBN Intervention Programmes such as COVID-19 Targeted Credit Facility Loan, AGSMEIS Loan, and the Nigeria Youth Investment Fund Loan Scheme.

The Loan would enable the exited beneficiaries to proceed to an entrepreneurial endeavour which would ensure a sustainable means of livelihood for the Npower beneficiaries.

NEXIT Loan as the name implies began with the exited Batch A and B beneficiaries of the Npower programme, and will progress to the Batch C Npower beneficiaries as indicated by the Ministry.

The NEXIT Loan Programme is a high hope for the exited Npower beneficiaries.

NEXIT Loan Training Programme conducted for the Batch A and B Npower beneficiaries between 15th March, 2022 and 19th March 2022, ensured the training of 75,000 beneficiaries in Entrepreneurship and Business Management, in the 1st Batch of the NEXIT Loan Training.

However, over 300,000 Batch A and B Npower beneficiaries are yet to partake in the NEXIT Loan Training while none of the beneficiaries has recieved any disbursement of the NEXIT Loan till date.

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