Exited N-Power beneficiaries to get CBN loan after NEXIT training
Exited N-Power beneficiaries will be given loans to pursue their entrepreneurship career after the NEXIT training sponsored by the Central Bank of Nigeria (CBN), which is scheduled for next week.
According to the office of the Ministry of Humanitarian affairs, Disaster Management, and Social Development, the loan will first be made available to 75,600 exited Npower beneficiaries.
The aforementioned figure are the first batch of the N-Power training, Nneka Ikem, the Special Assistant, Media & Publicity, to the Minister Sadiya Farouq, revealed in a tweet on Wednesday.
This means 154,400 exited Npower beneficiaries will have to wait for the next batch, as Ripples Nigeria had reported that only 230,000 Nigerians were successfully selected for the CBN-backed training.
READ ALSO: Over 100,000 N-Power beneficiaries fail NEXIT training selection, as CBN grosses N11.1m from candidates
Ikem, however, didn’t reveal the value of the loan each beneficiaries will qualify for, “Training of the first batch of 75,600 @npower_ng exited Beneficiaries from the 36 states and the FCT is proposed to be flagged off next week in Abuja for the five-day entrepreneurial training, which thereafter, qualifies them for loans.” She wrote on Twitter.
The training is expected to educate the participants on entrepreneurship after the exited N-Power beneficiaries complained of being abandoned by the government following their exit from the social intervention programme in 2020.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.
INVESTIGATION: 4 yrs after completion, Kwara PHC facility inactive, rural dwellers in pains
In the middle of the night sometime in September 2019, Fatimah Ballah struggled with severe pains as she tries to...
INVESTIGATION: How Oyo State, contractors spent N1.1bn on water projects, but communities don’t have a drop
Multimillion naira water projects largely initiated by the late Abiola Ajimobi-led state government in Oyo State to benefit over 40...
INVESTIGATION: In Cross River, civil servants retire into poverty as govt looks away, squanders funds on frivolities
Thousands of civil servants in Cross River State struggle to stay alive as they are denied their gratuities and monthly...
Students suffer as contractors abandon Kano school projects after receiving over N70m
In 2019, to improve the condition of public schools in Kano State, the Federal Government disbursed millions of naira to...
SPECIAL REPORT: World Bank road projects go bad in Enugu, as state govt fails to fulfill promise
Counterpart funded road projects between the world Bank and Enugu State government have started to fail, as the state government...