N-Power Batches A & B N-EXIT: N-Power Volunteers To Wait A Little Longer As FG Sources Fund - NTA International

Disengaged N-Power Batches A And N-Power Batches B volunteers of the N-Power programme will have no other option but to wait a little longer as the Federal Government sources for Funds to finance the N-EXIT package.

This was revealed on Good Morning Nigeria Show on NTA International, it was clearly stated that, Federal Government is massively sourcing for funds, to finance the N-EXIT CBN loan package for all interested N-Power volunteers.

N-Power Batch C is already captured in 2021 main budget but the funds for N-EXIT program for the N-Power Batches A and N-Power Batches B is in the supplementary budget, which will be financed by external borrowing.

Federal Government Seeks $6.183billion (N2, 343,387, 942,848.00) to finance the 2021 budget deficit.

The disengaged N-Power volunteers and the incoming N-Power Batch C will smile soon as the Federal Government intensifies her effort to boost social spending to reduce unemployment and reduce poverty amongst N-Power youths and Nigerians at large.

The Federal Government is borrowing another $6.183billion (N2, 343,387, 942,848.00) to finance the 2021 budget deficit.

The 2021 budget deficit encompasses items of recurrent expenditures and few capital projects. If this borrowing goes according to plan, Nigeria’s external debt will rise by N33 Trillion.

The budget deficit mostly encompasses the Federal Government's wealth and job creation and poverty elevation programme, if fund is mobilized, more of these programme would surface.

The over 350,000 Survival fund beneficiaries, the 1,000,000 N-Power Batch C applicants, the Nigeria Youth Investment Youth Programme, AGSMEIS programme and many other Federal Government programmes would be more robust when the external loan is secured.

“President Muhammadu Buhari, on Tuesday, urged the Senate to approve a new external loan of N2, 343,387, 942,848.00, about $6.183billion, for the Federal Government to finance the 2021 budget deficit.

Senate President Ahmad Lawan read Buhari’s letter of request on the floor of the Senate at plenary”

Apparently, the Federal Government is seeking for funds, to execute the N-EXIT loan for N-Power Batches A and N-Power Batches B volunteers.

Source - NTA International