Latest Npower News In Nigeria For Today Tuesday, 5th January 2021 has been compiled by GoldenNewsNg.
N-Power Minister Sadiya Farouq Gives Update On NEXIT Progress
N-Power Minister Sadiya Farouq Has Given Update On NEXIT Progress.
GoldenNewsNg reports that Nneka Ikem, the Special Assistant, Media and Publicity to Sadiya Farouq, the Minister of Humanitarian Affairs, Disaster Management and Social Development has said that Nigerian authorities are moving to the next stage of the N-Power NEXIT.
Providing update about the NEXIT portal registration via her known Twitter handle, the minister’s aide claimed that 14, 000 more exited Batches A and B N-Power beneficiaries have registered for the Central Bank of Nigeria (CBN) Empowerment Options in the last seven days.
This online news medium recalls that Ikem stated that 126, 937 exited beneficiaries from Batches A and B have so far submitted their records for the CBN Empowerment program.
The NEXIT portal was developed “to enable exited N-Power beneficiaries to log on and apply for the various CBN economic empowerment and entrepreneurship options such as the AGSMEIS loan and the Anchor Borrowers Program (ABP),” Minister Farouq had said sometime last year.
Interested N-Power exited beneficiaries are encouraged to log on to the CBN portal for more information. The N-Power NEXIT website portal is http://nexit-fmhds.cbn.gov.ng.”
It was launched in November 2020.
Buhari Confirms Increase Of NPower Beneficiaries To 1Million
President Muhammadu Buhari on Thursday, December 10 confirmed the increase of N-Power beneficiaries from 500, 000 to 1,000,000.
GoldenNewsNg understands that the programme which was founded on June 8, 2016, by the Buhari administration to address the issue of Youth unemployment and help increase social development will now double by 500,000, the initial target of the government.
Important Update On NEXIT E-mail Activation Link
The NEXIT portal is for former Npower beneficiaries (batches A and B) to apply for Central Bank of Nigeria (CBN) Empowerment Options.
However, after the portal was launched, some of the applicants have been having issues completing their NEXIT registration process due to issues with their email activation link.
Such affected persons have now been instructed to forward their details to [email protected] in order to get the issues rectified.
The details are to be sent in the order and format below to [email protected]
N-Power Registration number
Date of Birth
State of Residence
LGA of residence
Address when registering for the N-Power program
Programme: (eg Nteach, Nhealth, Nagro)
Old Email Address
New Email address
Meanwhile, the NEXIT portal itself can be accessed here.
Kwara Govt To Absorb Exited Npower Batch A And B Beneficiaries Into New Scheme
The Kwara State government has declared its intention to absorb exited Npower batch A and B beneficiaries in the state into another scheme.
This was disclosed on Wednesday in a statement in which the state government noted that its decision is to complement the efforts of the federal government in tackling unemployment among youths.
How To Know If Your NEXIT Portal Records Is Uploaded And Submitted Correctly
How To Know If Your NEXIT Portal Records Is Uploaded And Submitted Correctly: For you to Know If you have correctly Uploaded And Submitted Your Records On NEXIT Portal, you must have undergone the three steps involved in the Registration process which we have covered in our previous post How To Successfully Sign Up For Npower NEXIT Opportunities
The latest update given by Nneka Ikem the special assistance media to HM Sadiya Umar Farouq shows that a total of 249,673 exited N-Power beneficiaries from Batches A and B have so far registered for the central bank of Nigeria Empowerment program. Out of the registered beneficiaries, 88,718 have uploaded and submitted their records! We believe that by now the figures cote above will by now increased.
So how do know if you have successfully uploaded and submitted your records? For you to know that, you must have completed the record update written in Tips On How to Update Your NEXIT Portal Record Correctly.
- You must have a login to the NEXIT portal and Sign up as that is the first thing to do
- The Second thing to do during the NEXIT Registration is email verification. You will have to complete the first step which is Sign-up in order to get your email verification link sent to your email inbox
- The Third step after email verification is to login to the NEXIT portal and click on the “Update Record” link to grant you access to update your records on the portal to qualify you the opportunities to access CBN Empowerment options.
Upon completion of your records and submitting them successfully, you will receive a pop up congratulatory message which signified that you have uploaded and submitted your records Successfully.
No Closing Date Set For NEXIT Portal Yet
According to Nneka Ikem, For @npower_ng beneficiaries still awaiting their validation mail, you’ll receive it soon as mails are being sent in batches to prevent the Nexit portal platform from crashing. No deadline yet so please wait patiently.
If have not register yet, visit the Nexit portal to apply, if you have registerered and waiting for email verification, kindly wait patiently, if you are having difficulty, error in registering contact NSIP Team on [email protected].
The Nexit portal is functioning better then when it was launched. We wish all Applicants Success in their NEXIT journey.
List Of CBN Empowerment And Entrepreneurship Options For NEXIT
GoldenNewsNg reports that the Government of Nigeria has given a new update regarding nexit opportunities.
According to the update shared on Twitter by the Nigeria Government, which states that the central bank of Nigeria in collaboration with the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has developed a portal to enable exited npower_ng beneficiaries to log on and apply for the various CBN economic empowerment and entrepreneurship options such as:
- The AGSMEIS loan
- The Anchor Borrowers Program (ABP) and
- BOI GEEP loan
AGSMEIS is a federal government intervention funding scheme through CBN that promotes Agric businesses as a vehicle for sustainable economic development and employment generation
Anchor Borrowers’ Program (ABP): The Central Bank of Nigeria (CBN) in line with its developmental function established the Anchor Borrowers’ Program (ABP). The Program which was launched by President Muhammadu Buhari (GCFR) on November 17, 2015, is intended to create a linkage between anchor companies involved in the processing and smallholder farmers (SHFs) of the required key agricultural commodities. The program thrust of the ABP is the provision of farm inputs in kind and cash (for farm labor) to smallholder farmers to boost production.
If you look at the above statement carefully, you will know that the Nigeria youth investment fund NYIF could be part of the CBN Nexit opportunities.
The Government of Nigeria has advised Interested N-Power exited beneficiaries to log on to the CBN portal for more information. The NEXIT portal URL is https://nexit-fmhds.cbn.gov.ng
What we are hoping for is to see that volunteers are not discriminated against based on their age if not, many volunteers will not meet the criteria.
Buhari moves forward with goal of lifting 100m Nigerians out of poverty, unveils new plans
GoldenNewsNg report that in the effort of the president , Buhari to get to reduce the unemployment level among the youths in Nigeria, Buhari has approved the increase of N-Power beneficiaries by one million.
GoldenNewsNg gathered that the president also approved the expansion of the Government Enterprise and Empowerment Program (GEEP). This was disclosed on Thursday, December 10, via his verified Twitter handle @MBuhari, adding that the move was aimed at fulfilling his promise of lifting 100 million Nigerians out of poverty.
President Buhari emphasised that five million pupils would be added into the National Home-Grown School Feeding Program (NHGSFP).
President Muhammdu Buhari says he is ready to lift 100 million Nigerians from poverty before he leaves office in 2023.
8. Nigerian govt plans to spend N400 billion on NPOWER in 2021
For 2021 fiscal year, the Nigerian government, under the ministry of humanitarian affairs, has proposed to spend N400 billion on its social investment programmes (NSIP).
According to report gathered by GoldenNewsNg , This comprises a total recurrent expenditure of N350 billion and N50 billion for capital spendings, according to a document submitted to the National Assembly by its joint committees on poverty alleviation.
A document showed that while the proposed recurrent expenditure for next year would remain unchanged, the estimate for personnel cost was increased by 2.31 per cent, from N166.3 billion in 2020 to N170.1 billion in 2021.
This increase is “because of (an) increase in the number of NPOWER (NTEACH Hub) beneficiaries from 400,000 to 450,000,” the document said.
More than half of the total proposal for recurrent expenditure (that is 52.6 per cent) would be used for the implementation of programme components of the Job Creation Unit (JCU), including N-Power and Innovation Hubs.
This means that NPOWER and its affiliate sub-programmes on job creation for the enrolment of 450,000 N-Power volunteers and training, tooling and mentoring of 54,000 non-graduate beneficiaries would cost about N200.3 billion.
Verification Notice for N-Power Beneficiaries Omitted From Payments
The Ministry of Humanitarian Affairs, Disaster Management and Social Development has directed Batches A and B Beneficiaries of the N-Power Programme who were earlier omitted from Payment of their stipends to report to their various State Focal Persons for verification and re-validation.
The directive was given by Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Umar Farouq as efforts to resolve unpaid stipends withheld due to discrepancies in records of the beneficiaries are almost being concluded.
Investigations conducted by the Office of the AGF following the omission of some N-Power beneficiaries from payment of stipends indicated that some beneficiaries were also drawing salaries from other Federal Government MDAs
However, the minister has directed that opportunity be given to the affected beneficiaries to verify and re-validate their eligibility so that qualified beneficiaries can be paid for their participation in the N-Power Programme.
Beneficiaries are thereby directed to report to their State Focal Persons immediately with their bank account details including bank statements from March 2020 to date, NYSC Discharge Certificates, birth certificates and other related screening documents.
FG Opens NEXIT Portal For Npower Batch A And B Beneficiaries
The federal government has started sending mail notifications to batch A and B beneficiaries of the Npower scheme to enable them to access the NEXIT portal.
This was disclosed on Monday by Nneka Ikem, Special Assistant, Media & Publicity to the Hon Minister of Humanitarian Affairs, Disaster Management, and Social Development, Hajiya Sadiya Farouq.
Source : GoldenNewsNg