NEXIT: The Soft Loan Is Not A Grant, Repayment Is Within 7 Years
It is no longer news that exited Npower Batch A and B volunteers will be given soft loans amounting up to the tune of ₦3,000,000 and this soft loan will be paid back in 7 years time, not exceeding 7 years, all exited Npower Batch A and B should note that this is not a grant or "free money", it has to be utilised for its intended purpose, by using the soft loan to establish an Agri-MSME, micro, small medium enterprise.
This gesture was initiated by the Ministry for Humanitarian Affairs in conjunction with the Central Bank of Nigeria to lift millions of Nigerian youths out of poverty, the entrepreneurship training will last for 5 days, and after this NEXIT training, exited Npower Batch A and B volunteers will be given soft loans amount will depend on the nature of the business, soft loan is repayable under 7 years.
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