Npower NEXIT News: Exited Batch C1 Beneficiaries To Be Moved To NEXIT Loan Programme – Sadiya Umar Farouk

Npower Nexit News on exited Batch C Stream 1 beneficiaries. The minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouk, stated that a successful transition and exit management plan for the Batch C Npower Program would be made available through the NASIMS Portal, enabling beneficiaries to be transferred automatically to the NEXIT […]

Npower Nexit News on exited Batch C Stream 1 beneficiaries. The minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouk, stated that a successful transition and exit management plan for the Batch C Npower Program would be made available through the NASIMS Portal, enabling beneficiaries to be transferred automatically to the NEXIT Loan Program.

The Minister made this point very apparent while underlining the function that the National Social Investment Management System (NASIMS) platform plays in carrying out the NSIP mandate in her ministry’s weekly report titled “My Week in Review.”

“The Npower programme is a critical component of the FG’s National Social Investment Programme (NSIP) and supports the FG’s vision of lifting 100 Nigerians out of poverty over 10 years. The objective remains to upskill young Nigerians for employment or entrepreneurship.”

“The NASIMS platform will help ensure transparency, institutional memory, and dynamic impact assessment of the N-Power cluster, Batch C, thus providing seamless interaction between the programme and beneficiaries,”

The NEXIT (N-EXIT), also known as the NEXIT Loan Programme, is an Exit or Transition Plan created to train and provide soft Loans to Npower beneficiaries after their participation in the Npower Program has ended, according to the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development.

AGSMEIS Loan, COVID-19 Targeted Credit Facility Loan, and Nigeria Youth Investment Fund Loan Scheme are a few of the CBN Intervention Programmes that the Ministry has arranged in collaboration with the Central Bank of Nigeria to offer loans in the amount of N250,000 to N3,000,000.

The outgoing beneficiaries would have the chance to pursue a business venture with the loan, providing the Npower recipients with a reliable source of income.

“The NASIMS platform will also facilitate seamless beneficiary verification, including an efficient transition & exit management plan that will enable beneficiaries to be migrated automatically to the NEXIT Program for POSSIBLE placement & employment opportunities with FG agencies”, Farouk Stated.

The NEXIT Loan began with the departing Batch A and B participants of the Npower program, as its name implies, and will continue to the Batch C beneficiaries as the Ministry stipulates.