400k Npower NEXIT Beneficiaries to be Paid 500k to 5M Naira CBN Loan with No Collateral Npower Exited Volunteers for Batch A&B will soon start receiving alert from the CBN Loan without Collateral Initiative, the Loan amount is Up to 5Million Naira and Lower than 500k Naira, each exited Volunteers that meets the loan requirements will be paid the Money, you’re expected to use the money to expand whatever Businesses you want to engage yourself in, Because you’ll be mandated to pay back every penny you collected of the Loan.
The Federal Government of Nigeria through the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development and the Central Bank of Nigeria have commenced the Transitioning of N-Power volunteers into a robust and reliable economic affiliate programme
According to the Humanitarian Minister, Umar Sadiya Farouq, she said the NEXIT CBN loan portal has officially closed, those trying to register will be not get access, 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”.
“We are processing loan request 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”
She also stressed the need for more time as the government is seeking all means to fund the NEXIT CBN programme, as quoted: “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 reviewing applications, all interested volunteers have been instructed to key-in their interested by registering for the loan, so those that have successfully registered and also that carried out whatever instructions that was given, will be among those to receive the money once the disbursement commences.
Are you having any issues/Challenges pertaining to NEXIT loan or you have questions that needed an urgent response, you can make use of the comment box below this article.