GoldenNewsNG
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us
No Result
View All Result
Golden News
No Result
View All Result

NPower Nexit News :  How To Access NEXIT Loan

Enudi Golden by Enudi Golden
January 11, 2024
in Headline, LOAN & INVESTMENT, Npower
Reading Time: 4 mins read
Nexit Portal Login 2023 nexit-fmhds.cbn.gov.ng
4.8k
SHARES
Advertisements

This article is about NPower Nexit News and a simple guide on How To Access NEXIT Loan.

NEXIT Loan: What You Need to Know

Are you a Nigerian youth looking for funding to start or grow your business? The NEXIT Loan program may be the solution you’ve been searching for. In this article, we’ll explain what NEXIT Loan is, who is eligible, how to apply, and more.

What is NEXIT Loan?

NEXIT Loan is a loan program designed by the Nigerian government to support young entrepreneurs and businesses affected by the COVID-19 pandemic. It is an offshoot of the N-Power program, which was established in 2016 to provide employment and skills acquisition opportunities to Nigerian youths.

READ ALSO

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

Who is Eligible for NEXIT Loan?

To qualify for the NEXIT Loan program, you must meet the following criteria:

  • You must be a Nigerian citizen
  • You must be between the ages of 18 and 35
  • You must have a valid BVN (Bank Verification Number)
  • You must have completed the N-Power program or have been disengaged from the program for not more than two years
  • You must have a business idea or an existing business that requires funding

How to Apply for NEXIT Loan

To apply for the NEXIT Loan, follow these steps:

  1. Visit the NEXIT Loan portal
  2. Click on “Apply Now“
  3. Fill in your personal information and other required details
  4. Upload your business plan and other supporting documents
  5. Submit your application

After submitting your application, it will be reviewed by the NEXIT Loan team, and you will be contacted if you are selected for funding.

If you’re interested in applying for a NEXIT Loan, the process is relatively straightforward. Here’s what you need to do:

  1. Go to the N-power NEXIT web portal at https://goldennewsng.com/?s=Nexit+Portalauth/signup.
  2. Enter the email address that you used to register as an N-Power Beneficiary.
  3. Enter and then double-check your password. Remember to never share your password with anyone.
  4. Add your contact information, including your first and last names and BVN.
  5. Double-check the information to make sure it’s accurate before clicking submit. The platform will then take you to a page for email activation.
  6. Type your email address again and select “Resend Activation Mail.”
  7. Wait for the confirmation email that the portal will send you.
  8. Activate your account by clicking the link in the email you received for verification.
  9. Finally, log back into the NEXIT site and fill out all the required fields. Your registration will be successful once you’ve completed this step.

It’s important to note that you’ll need to have all the necessary documents and information on hand when you fill out the application form. This includes your educational qualification credentials, deployment letter from your Place of Primary Assignment (PPA), and a valid means of identification, among other things.

By following these steps and providing accurate information, you can increase your chances of successfully applying for a NEXIT Loan and accessing the funding you need to start or grow your business.

Benefits of NEXIT Loan

The NEXIT Loan program offers several benefits to young entrepreneurs and businesses, including:

  • Access to funding to start or grow your business
  • Low-interest rates and flexible repayment terms
  • Business advisory and support services to help you succeed
  • Opportunity to create jobs and contribute to Nigeria’s economic growth

 

To be eligible to apply for a NEXIT Loan, candidates must meet certain requirements, which include:

  • Being a Nigerian citizen by birth
  • Not currently employed in any government establishment, whether at the state or federal level
  • Being a former N-Power Batch A or B beneficiary
  • Possessing a National Identification Number (NIN)
  • Providing educational qualification credentials
  • Providing a Bank Verification Number (BVN)
  • Providing a deployment letter from your Place of Primary Assignment (PPA)
  • Having a valid means of identification, such as a voter’s card, National Identity Card, Driver’s License, NIN, or International Passport.

If your application is accepted, you can borrow up to 5 million Naira with no collateral required, making this offer quite attractive. However, it’s important to note that the judges will carefully review your business plan to determine your eligibility.

The NEXIT Loan Business Plan consists of ten parts, including

  • personal details,
  • business information,
  • loan information,
  • equipment list,
  • working capital list,
  • product and services,
  • assets list,
  • competitive analysis,
  • management plan,
  • and SWOT analysis.While having a Corporate Affairs Commission (CAC) certificate for your company can improve your chances of obtaining larger loans, it is not required to access the NEXIT Loan. If you don’t have a CAC certificate, you may still be eligible for smaller loans.

In conclusion, if you’re a Nigerian youth looking to start or grow your business, the NEXIT Loan can be an excellent opportunity to access funding and support. However, make sure you meet the eligibility requirements, have a well-thought-out business plan, and are prepared to showcase your managerial skills to the judges.

The NEXIT Loan program is an excellent opportunity for young Nigerian entrepreneurs and businesses to access funding and support to start or grow their ventures. If you meet the eligibility criteria, we encourage you to apply and take advantage of this opportunity to achieve your business goals.

📢 JOIN OUR WHATSAPP GROUP 📢 JOIN OUR TELEGRAM CHANNEL
Previous Post

EFCC Arrest Over 80 POS Vendors Over High Charges

Next Post

NPC Application Showing Pending ? See how to Resolve it

Related Posts

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

Court orders prosecution of auxiliary nurse linked to Mohbad’s death The Coroner’s Court sitting in Ikorodu, Lagos State, has directed...

Read moreDetails

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep allowances to students who have updated their bank...

Read moreDetails

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

The Federal Inland Revenue Service (FIRS) has announced that it will begin full implementation of the National Electronic Invoicing (e-Invoicing)...

Read moreDetails

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

Green Money Projec

Are you a young Nigerian passionate about agriculture or looking to grow a business in agribusiness? The Federal Government has...

Read moreDetails

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

Federal Government has ordered all Nigerian banks to Flag Accounts with Monthly Transactions Over ₦5 million GoldenNewsNg reports that Nigerian...

Read moreDetails

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB has Awarded ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices GoldenNewsNg reports that the Joint Admissions and...

Read moreDetails

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

JAMB Cut Off Mark for Civil Engineering

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities    If you’re planning to study Civil Engineering in...

Read moreDetails

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED GoldenNewsNg reports that the Federal Government has announced...

Read moreDetails

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

Official JAMB Cut Off mark for Medicine and Surgery 2025/2026   If you’re planning to study Medicine and Surgery in...

Read moreDetails

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

JAMB Cut Off Mark For Computer Science

JAMB Cut Off Mark For Computer Science 2025: Requirements And Admission Tips   Are you aiming to study Computer Science...

Read moreDetails
Load More
Next Post
NPC Management Explains Why Most NPC Adhoc Staff Application Status Has remained PENDING

NPC Application Showing Pending ? See how to Resolve it

SEARCH ADS

Latest Posts

Court orders prosecution of auxiliary nurse linked to Mohbad’s death
Crime

Court orders prosecution of auxiliary nurse linked to Mohbad’s death

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above
business

FIRS to Launch Mandatory e-Invoicing System for Businesses with ₦5 Billion Turnover and Above

Green Money Projec
Headline

Green Money Project 2025: How to Apply for FG Youth Agriculture Empowerment Programme

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million
business

FG Orders Banks to Flag Accounts with Monthly Transactions Over ₦5 Million

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices
Education

JAMB Awards ₦710 Million to Six Tertiary Institutions for Outstanding Admission Practices

JAMB Cut Off Mark for Civil Engineering
Education

JAMB Cut Off Mark for Civil Engineering 2025/2026 in Nigerian Universities

NELFUND Begins Disbursement of Upkeep Payments to Students with Updated Bank Accounts
Education

NELFUND Begins Disbursement of Funds to Students in Saapade, MAPOLY, and LASUED

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities
Education

Official JAMB Cut Off Mark for Medicine and Surgery 2025/2026 In Nigerian Universities

JAMB Cut Off Mark For Computer Science
Daily Guides

Official JAMB Cut Off Mark For Computer Science 2025/2026: Requirements And Admission Tips

© 2024 Golden News

  • About Us
  • Advertise with Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms And Conditions
No Result
View All Result
  • Home
  • News
  • Education
  • Business
  • Jobs
  • Daily Guides
  • About Us
  • Advertise with Us

© 2024 Golden News