Post by Trade facilitator on Mar 10, 2022 12:13:13 GMT 1
300,000 N-Power Beneficiaries To Get CBN Loan – Federal Government Of Nigeria (FGN)
There was an exit programme for about 300, 000 N-Power beneficiaries to get loans from the Central Bank of Nigeria (CBN). This was revealed by the Minister of Human Affairs and Social Development, Hajia Sadiya Umar Farouk.
This was made known during the weekly ministerial briefing organized by the Presidential media team that the Federal Government will be providing 300, 000 N-Power exited beneficiaries with loan facilities from the Central Bank of Nigeria (CBN) after exit vocational training.
She 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.
This we have gone far. We are in the process of training those that have indicated interest. And I am sure before the end of this quarter these people will be given these loans by the CBN.
As a government agency, the ministry, we do not give loans. So, we have to partner with those institutions that can do that.
Unfortunately, some of these people were not wise enough in their savings, but for anybody that is really serious, most of them have saved.
About 109, 000 of the N-Power 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.”
What is N-Power and how relevant is it to the country?
The N-Power programme is a programme of the Federal Government of Nigeria (FGN) initiated by the President of Nigeria, Muhammadu Buhari with a Motto, “Empowering Nigerian Youths for Prosperity” started since June 8th, 2016, to tackle issues of youth unemployment and improve social development of young people in Nigeria.
The programme was designed as a segment of the National Investment Programme (NSIP), to give Nigerian youths an opportunity to develop relevant work skills, empowering them to such an extent that each participant will learn and practice most of what is necessary to find or most importantly create work.
What are the objectives and focus of the N-Power programme?
Requirements for applicants under the N-Power programme are simple and straight forward without ambiguities. The programme is primarily aimed at making the youths of the nation employable by skill enhancement, employs a strategic learning-work-entrepreneurship culture in youths between the ages of 18-35.
How do you as a youth apply for the programme?
Interested youths are to apply for the N-Power programme through the N-Power portal: www.portal.npower.gov.ng
To create a level playing ground, for every youth, applications are done online. Selections are also carried out automatically via the portal. To ensure accountability, applicants’ details are required alongside bank details and their Bank Verification Number (BVN).
What is the salary?
N-Power participants are not paid salary, but they collect stipends of N30, 000 per month. Additionally, the participants are given devices with relevant content for continuous learning to facilitate their ability to successfully implement the selected vocation and enable them take back ownership of their lives.
If you are among those exiting the programme and you have received your training and loan facility, this is to inform you that our company is one of the best companies in Export and Importation businesses in Nigeria today, we train individuals and corporate organizations on how to do Export, Major and Mini Import business the right way; if you are interested, please contact the admin of this forum now.
There was an exit programme for about 300, 000 N-Power beneficiaries to get loans from the Central Bank of Nigeria (CBN). This was revealed by the Minister of Human Affairs and Social Development, Hajia Sadiya Umar Farouk.
This was made known during the weekly ministerial briefing organized by the Presidential media team that the Federal Government will be providing 300, 000 N-Power exited beneficiaries with loan facilities from the Central Bank of Nigeria (CBN) after exit vocational training.
She 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.
This we have gone far. We are in the process of training those that have indicated interest. And I am sure before the end of this quarter these people will be given these loans by the CBN.
As a government agency, the ministry, we do not give loans. So, we have to partner with those institutions that can do that.
Unfortunately, some of these people were not wise enough in their savings, but for anybody that is really serious, most of them have saved.
About 109, 000 of the N-Power 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.”
What is N-Power and how relevant is it to the country?
The N-Power programme is a programme of the Federal Government of Nigeria (FGN) initiated by the President of Nigeria, Muhammadu Buhari with a Motto, “Empowering Nigerian Youths for Prosperity” started since June 8th, 2016, to tackle issues of youth unemployment and improve social development of young people in Nigeria.
The programme was designed as a segment of the National Investment Programme (NSIP), to give Nigerian youths an opportunity to develop relevant work skills, empowering them to such an extent that each participant will learn and practice most of what is necessary to find or most importantly create work.
What are the objectives and focus of the N-Power programme?
Requirements for applicants under the N-Power programme are simple and straight forward without ambiguities. The programme is primarily aimed at making the youths of the nation employable by skill enhancement, employs a strategic learning-work-entrepreneurship culture in youths between the ages of 18-35.
How do you as a youth apply for the programme?
Interested youths are to apply for the N-Power programme through the N-Power portal: www.portal.npower.gov.ng
To create a level playing ground, for every youth, applications are done online. Selections are also carried out automatically via the portal. To ensure accountability, applicants’ details are required alongside bank details and their Bank Verification Number (BVN).
What is the salary?
N-Power participants are not paid salary, but they collect stipends of N30, 000 per month. Additionally, the participants are given devices with relevant content for continuous learning to facilitate their ability to successfully implement the selected vocation and enable them take back ownership of their lives.
If you are among those exiting the programme and you have received your training and loan facility, this is to inform you that our company is one of the best companies in Export and Importation businesses in Nigeria today, we train individuals and corporate organizations on how to do Export, Major and Mini Import business the right way; if you are interested, please contact the admin of this forum now.
