About 400,000 Volunteers to Get N650k to N5M without Collateral. The Federal Government through the office of the Humanitarian Ministry and the Central Bank of Nigeria have commenced the Transitioning of Npower volunteers into a robust and reliable economic affiliate program.
The Humanitarian Minister, Umar Sadiya Farouq said, the Nexit CBN loan portal has officially closed, those trying to register will be denied, more than enough time were given to interested disengaged volunteers to show interest
In a televised report on TVC news, the Minister said, they needed time to process over 400,000 applications, the process is cumbersome and required carefulness the minister added
“We are processing loan requests of over 400,000 persons, their various choices in ticking the questions asked in the application portal is sorted out based on the businesses they intend to do, surely more time is needed to ascertain and group the enrollees according to their chosen business choice”
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Sadiya stressed the need for more patients as the government is seeking all means to fund the Nexit CBN programme “The Government is seeking all means to fund the CBN loan affiliate programme. A supplementary budget will be passed this month, those waiting for the loan need to exercise some patient”
The gesture is aimed at providing economic opportunities to volunteers, in line with the Federal Government Agenda to lift over 100M Nigerians from poverty and crime.
Currently, the nexit portal is massively receiving applications, all interested volunteers have been instructed to key-in their interested by registering for the loan.
“A Portal that will enable Exited N-Power Beneficiaries to apply for Central Bank of Nigeria Empowerment Options has been launched by the Ministry of Humanitarian Affairs, Disaster Management and Social Development”
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“The platform which was developed in collaboration with the CBN will enable Exited N-Power Beneficiaries to log on and apply for the various Economic, Empowerment and Entrepreneurship options provided by the CBN”
“The NEXIT portal is to determine the suitability of the beneficiaries for the CBN affiliated programs and is dependent on meeting the criteria and conditions set by the CBN for the said programs”
“The Minister also emphasized that the NEXIT PORTAL will determine the suitability of the beneficiaries for the CBN affiliated programs”-Umar Sadiya Farouq
Excerpts from Umar Sadiya Farouq Statement on NEXIT