NEXIT: Exited Npower Batches A and B Beneficiaries Should Start Expecting Invitation Messages For The 2nd Batch Of The NEXIT Training In The Coming Weeks

It is no longer news that the first batch of the NEXIT loan training exercise was concluded yesterday, Saturday for all the states of the Federation excluding Abuja, which completed their NEXIT loan training exercise on Friday, Npower Batches A and B volunteers that are awaiting the next batch of the NEXIT loan training exercise should start expecting NEXIT Invitation messages in the coming weeks.

According to the NEXIT loan training institute, the New Deal Integrated Resources, all the entire NEXIT training will be concluded first for all the batches, then the next phase will be the funding phase, all exited Npower Batches A and B volunteers that have completed the NEXIT training will be communicated in few months time before the funding and soft loan disbursement stage.

All business plans will be adjusted and submitted by the Entrepreneurship Development Institute and other Entrepreneurship Development Institutes, scattered across the entire Federation, after the submission of the NEXIT loan business plan, all exited Npower Batches A and B volunteers that have completed the NEXIT training and have gotten their NEXIT training certificate will be contacted by the financial institution disbursing the soft loan, soft loan will be based on the working capital and loan amount estimated by the exited Npower Batches A and B volunteers, the soft loan will be repaid at a maximum loan tenure of 7 years, and the soft loan ranges from a minimum of ₦500,000 to ₦3,000,000 depending on the type and nature of the business and informations captured in the business plan.