Ex-N-Power beneficiaries to receive CBN loan

Exited N-Power beneficiaries to get CBN loan – Ex-N-Power beneficiaries will be given loans to pursue their entrepreneurship careers following the Central Bank of Nigeria’s (CBN) NEXIT training, which is scheduled for next week.

The loan will first be made available to 75,600 former Npower beneficiaries, according to the Ministry of Humanitarian Affairs, Disaster Management, and Social Development.

The aforementioned individuals are the first batch of N-Power trainees, according to Nneka Ikem, Special Assistant, Media & Publicity to Minister Sadiya Farouq, in a tweet on Wednesday.

READ: FG Begins SMEDAN ₦1.5m Loan – Apply

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

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.

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