Business & Economy

Sadiya Umar Farouk Reveals When 300,000 NPower Exited Beneficiaries Will Get CBN Loan

300,000 NPower exited beneficiaries to get CBN loan soon

The Federal Government has stated about 300,000 NPower exited beneficiaries will enjoy loan facilities from the Central Bank of Nigeria (CBN) after vocational training.

Brand News Day Nigeria reports that the Minister of Humanitarian Services, Disaster Management and Social Development, Hajiya Sadiya Umar Farouk, made this disclosure on Thursday during the weekly ministerial briefing organised by the presidential media team.

READ: Latest NPower News On Stipends Payment For Today Friday, February 18, 2022

According to her, About 109,000 of the NPower exited beneficiaries have become entrepreneurs. They are now employers of Labour and we have evidence of that which can be provided to you.

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NPower News: Hajiya Sadiya Umar Farouk

Sadiya Umar Farouk said: “Yes, we have an exit strategy, which we partner with the Central Bank of Nigeria. And out of this 500,000, about 300,000 indicated interest to be put on an exit programme where you can be trained on different skills, skills of their choice and they will be given loans by the Central Bank of Nigeria, for them to start their businesses.

Sadiya Umar Farouk Reveals When 300,000 NPower Exited Beneficiaries Will Get CBN Loan

“This we have gone far. We are in the process of training those that have indicated interest. And I’m sure before the end of this quarter, these people will be given these loans by the CBN.

READ: NPower News: What To Know About NEXIT Training Date Text Message Going Rounds

“As a government agency the ministry, we do not give loans. So, we have to partner with those institutions that can do that.

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READ: TEACHING ‘SPEAKING’ AS A COMMUNICATIVE SKILL – Ganiu Bamgbose, PhD

“About 109,000 of the NPower beneficiaries have become entrepreneurs. They are now employers of Labour and we have evidence of that which can be provided to you.

“This is a very laudable programme, and people have benefited and people are being supported. And we have an exit strategy. And we are on and it’s a continuous process.”

READ: NPower News: Nasims Begins Payment Of NPower Stipend For December

Meanwhile, Nasims has Commences Payment Of NPower December Stipend to NPower Beneficiaries, BrandNewsDay confirmed.

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Brand News Day Nigeria reports that the Management of Npower Programme Nasims has said that it has commenced the payment of Npower batch C1 December stipend today 16th February 2022. Read details below:

READ: NPower News: LASG Holds Online Awareness For Registered NPower Beneficiaries

PAYMENT OF NPower DECEMBER STIPEND.

NPower News: Nasims Begins Payment Of NPower Stipend For December

Nasims said:
”Please be informed that the payment of the December stipend was just recommenced early today and is in progress. While October and November outstanding are being sorted out and expected to be paid as backlog, kindly be patient and wait for your payment.
”Stay tuned for authentic information! Thank you!”

So we advise Npower batch C stream 1 beneficiaries to remain calm while they wait patiently for their December alert to drop.

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