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Npower Nexit cbn Loan: 109,000 Batch A & B Will Not Get the Loan


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It has been stated clearly that, only 309,000 disengaged volunteers of  Batch A and B would benefit from the Npower CBN loan programme, this was confirmed by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq

390,000 volunteers are already accommodated in the Nexit, while 109,000 are entrepreneurs already, there is no provision for those who are already engaged


“By next month, we should start the process of training them on their preferred skills. We are working with the CBN to support them with soft loans and out of the 500,000 exited N Power beneficiaries, about 390,000 of them have successfully been accommodated into the NEXIT programme while about 109,000 are already on their way to entrepreneurship on their own even before we started the NEXIT”


More than 109,000 Batch A and B beneficiaries of the N-Power Programme have gone on to establish thriving small businesses from their stipends.

It is not clear if 109,000 volunteers already engaged in various businesses would benefit from the Npower CBN loan programme.

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