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 Volunteers Apply for FG Loan without Interest/collateral

Enudi Golden by Enudi Golden
January 11, 2024
in Featured, Headline, Npower
Reading Time: 3 mins read
Nexit News For Today Thursday 30th June 2022
13
SHARES
Advertisements

Npower volunteers, can now apply for loan without interest or collateral

GoldenNewsNg gathered that the Federal Government through the office of the Humanitarian Ministry and the Central Bank of Nigeria have commenced the Transitioning of Npower volunteers into a robust and reliable economic affiliate progreammes

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

READ ALSO

FMYD Opens Registration for Data Protection Training for Youths

DESOPADEC set to Commence N50,000 Bursary Payment

Currently, the nexit portal is massively receiving applications, all interested volunteers have been instructed to key-in their interested by registering for the loan

Registration for the loan programme to officially ends within days, and collation of data will take some time, thereafter disbursement and further instructions will be made known to all disengaged volunteers

“A Portal that will enable Exited N-Power Beneficiaries to apply for Central Bank of Nigeria Empowerment Options has been launched by the Ministry of Humanitarian Affairs, Disaster Management and Social Development”

“The platform which was developed in collaboration with the CBN will enable Exited N-Power Beneficiaries to log on and apply for the various Economic, Empowerment and Entrepreneurship options provided by the CBN”

“The NEXIT portal is to determine the suitability of the beneficiaries for the CBN affiliated programs and is dependent on meeting the criteria and conditions set by the CBN for the said programs”

“The Minister also emphasized that the NEXIT PORTAL will determine the suitability of the beneficiaries for the CBN affiliated programs”-Umar Sadiya Farouq-2020

Many volunteers have being asking series of questions regarding the nexit transitioning programme

Many volunteers have being asking series of questions regarding the nexit transitioning programme

Questions like:

How much loan will been giving to volunteers as start-up capital?

How will the loan be disbursed?

Will the loan come with collateral?

Pay-back period for the loan?

The truth is that, we don’t have much information on these loan programme by the Central Bank of Nigeria, what we do know is that, the Central Bank has handled many of such loan projects in the last 10 year

The Covid-19 pandemic has shown the lending power of the Central Bank, a look to other programmes like

The Covid-19 Nirsal Micro finance Loan, beneficiaries where given huge sums ranging from N500,000 to N10,000,000

The SMEMs Survival programme, a programme created by the Federal Government to reduce the impact of the covid-19 pandemic, beneficiaries were given between N30k, 50k to N1M

The Nigerian Youth Investment Fund with same mission to act as a catalyst in reducing youth restiveness and joblessness following the covid-19 pandemic, beneficiaries will be given between N250, 000 to N50M loan

These entire loans are without collateral, payment period is flexible and the loan is disbursed based on the business intention of the beneficiaries

Some may undergo business orientation and strict monitoring to ensure compliance and success

Same approach will be given to all npower volunteers who showed interest in the CBN loan programme

Same Frequently Asked Questions & Answers

A lot of N-Exit applicants have been asking a lot of questions about N-Exit package. Here are some of these questions and their answers:

When Will Transition Start?

In response to the above question transition has already started in order to massively register applicants in order to provide the loans to the former N-power volunteers.

When Will N-Exit Portal Close?

The N-Exit portal will has no specific date for closure as the registration may span throughout 2021.

Why Is N-Exit Portal Not Accepting Yahoo mail?

This is a wrong notion as the N-Exit portal is accepting yahoo mail but is done in batches.

Will loan be given directly by CBN?

As for the loans they will be given by the CBN once registration and all the necessary process have been completed.

Will all former volunteers have access to these loans?

All former N-power volunteers have access to these loan as it has been made to capture all of them.

Is the N-exit all about loans?

No the N-exit program is not all about loans. It is also an affiliate program where applicants can create a business idea and have it sponsored by the CBN.

Can 14200 owed volunteers apply for N-Exit?

Yes all N-power volunteers will be able to apply for the N-exit program, meanwhile all former 14200 owed volunteers will soon be paid their five months stipend as promised by the minister.

How long will the N-Exit program last?

The N-Exit program has no sure date of expiry but it is stated that it will run until 2023.

Who will finance the N-Exit program?

The entire program will be anchored by the Central Bank of Nigeria.

What Kind of Business Ideas will Be Accepted?

The N-Exit program has its own categories of businesses that are accepted and would be funded.

 

 

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

Npower Beneficiaries: Batch A&B to Get Loan without Interest or Collateral-Confirmed

Next Post

Npower NEXIT Portal Closes Soon, See How to Check if your details are Captured

Related Posts

FMYD Opens Registration for Data Protection Training for Youths

FMYD Opens Registration for Data Protection Training for Youths

FMYD Opens Registration for Data Protection Training for Youths The Federal Ministry of Youth Development (FMYD) has announced the commencement...

Read moreDetails

DESOPADEC set to Commence N50,000 Bursary Payment

DESOPADEC Begins N50,000 Bursary Payouts in August

DESOPADEC to Begin Bursary Payment and Commission Completed Projects Across Delta Communities GoldenNewsNg reports that the Delta State Oil Producing...

Read moreDetails

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Hard Skills Mentorship Programme Empowers Young Nigerian Women

Apply Now for Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women following the guidelines below.. Are you a...

Read moreDetails

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards

Nigerian Banks Resume International Transactions on Naira Debit Cards as FX Liquidity Improves GoldenNewsNg reports that after nearly three years...

Read moreDetails

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme More than 51,000 poor and vulnerable residents...

Read moreDetails

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Apply for the FG and Amazon Web Services Digital Skills Program for Nigerians.   GoldenNewsNg reports that the Federal Ministry...

Read moreDetails

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

Lagos State TESCOM Teachers Recruitment 2025

Lagos State Teachers Recruitment 2025 - The Lagos State Government is planning to restore the discipline, structure, ethics, and investments...

Read moreDetails

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows In a strategic move to empower Nigeria’s tech...

Read moreDetails

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

Dollar to Naira Black Market Exchange Rate today, 5th July 2025, can be accessed below.   GoldenNewsNg has obtained the...

Read moreDetails

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Breaking: Court Reinstates Senator Natasha, Slams Senate Over Excessive Suspension

Abuja, FCT – The Federal High Court in Abuja has ordered the Senate to immediately recall Senator Natasha Akpoti-Uduaghan, representing...

Read moreDetails
Load More
Next Post
Npower NEXIT Portal Closes Soon, See How to Check if your details are Captured

Npower NEXIT Portal Closes Soon, See How to Check if your details are Captured

SEARCH ADS

Latest Posts

FMYD Opens Registration for Data Protection Training for Youths
Headline

FMYD Opens Registration for Data Protection Training for Youths

Education

SUG Leaders tasked to join fight against Sexual, Gender Based Violence in Higher Institutions across Niger state

DESOPADEC Begins N50,000 Bursary Payouts in August
Education

DESOPADEC set to Commence N50,000 Bursary Payment

Hard Skills Mentorship Programme Empowers Young Nigerian Women
Headline

Apply Now: Soft Girl, Hard Skills Mentorship Programme Empowers Young Nigerian Women

Nigerian Banks Resume International Transactions on Naira Debit Cards
business

Nigerian Banks Resume International Transactions on Naira Debit Cards

Headline

Over 51,000 Adamawa Residents Receive ₦75,000 Each Through FG Conditional Cash Transfer Programme

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians
Headline

Apply for FG and Amazon Web Services Digital Skills Program for Nigerians

Lagos State TESCOM Teachers Recruitment 2025
Headline

Apply Now: Lagos State TESCOM Teachers Recruitment 2025 | Application Portal, Requirements, and Deadline

FG Partners DBN To Provide Grants To 3MTT Nigeria Fellows
Headline

FG Partners DBN to Provide ₦100 Million Grant to 3MTT Nigeria Fellows

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX
business

Dollar to Naira Black Market Exchange Rate today 5th July 2025 – AbokiFX

© 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