Over 100,000 N-Power beneficiaries fail NEXIT training selection, as CBN grosses N11.1m from candidates
Hundreds of exited N-Power beneficiaries were not selected for the NEXIT training, which was sponsored by the Central Bank of Nigeria (CBN), and scheduled to begin on March 14, across various states in Nigeria.
On Tuesday, via her Twitter page, Nneka Ikem, the Special Assistant, Media & Publicity, to the Minister of Humanitarian, Disaster Management, and Social Development, Sadiya Farouq, said 370,000 exited beneficiaries indicated interest for the training.
Ripples Nigeria had reported in February that Ikem informed exited Npower beneficiaries to indicate and register their interest in the CBN-backed NEXIT training by dialing a USSD code.
Out of the 370,000 beneficiaries that indicated interest, 140,000 failed the selection process, as Ikem disclosed that only 230,000 will benefit from the March training which is reportedly expected to provide material and financial assistance for their preferred business.
“Only 370,000 @npower_ng exited beneficiaries indicated interest when the portal was opened by @cenbank . 230,000 successfully logged into the USSD code confirming their residences and preparedness for the #NEXIT training programme.” Ikem wrote.
READ ALSO: Nigerian govt unveils plans for expansion of N-POWER scheme
CBN makes millions out of selection process
The process of selection was a revenue source for the Central Bank of Nigeria and the Ministry of Humanitarian, Disaster Management, and Social Development, according to Npower beneficiaries.
During the registeration process, N-Power beneficiaries were charged N30 for using the *45665# code. With 370,000 beneficiaries indicating interest via the USSD code, CBN generated N11.1 million.
In a previous report by Ripples Nigeria in February, it had been projected that the government would generate around N15 million, considering there are about 500,000 exited N-Power beneficiaries across Batch A and B.
The Batch A beneficiaries were initially drafted into the N-Power programme in 2016, while Batch B came in 2017, before both batches exited simultaneously 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...