NEXIT is 'alive' - Npower

Some exited Npower Batches A and B volunteers have taken to the media to express their worry over the delay in the implementation of the NEXIT soft loan training for the second batch as promised, infact some exited Npower Batches A and B volunteers have specifically asked the question "Npower team, try to address batch A and B whether the NEXIT is alive or not?"

Yes, the NEXIT soft loan training is 'alive' and not dead and the NEXIT soft loan training will commence after all the business plan of the previous Batch has been collected, adjusted, scrutinized and submitted to the concerned financial institutions, that is the Central Bank of Nigeria and NIRSAL Micro Finance Bank.

The crux of the issue is that the awaiting batch do not know that the soft loan disbursement will not commence until the second batch of the NEXIT soft loan training program has been concluded and their business plan also submitted to the various financial institutions.

The next batch of the NEXIT soft loan training will accommodate over 380,000 exited Npower Batches A and B volunteers, all exited Npower Batches A and B volunteers will be given soft loans amounting to a maximum loan amount of ₦3,000,000 payable at a maximum loan tenure of 7 years, exited Npower Batches A and B will be given the soft loans based on the nature of their business, and the loan amount and working capital stated in the business plan.

The business plan of the previous Batch as we speak is at its concluding stage and will soon be submitted to the Central Bank of Nigeria for soft loan disbursement, information has it that the soft loan will be disbursed by May as told by the NEXIT soft loan training officials at the NEXIT soft loan training center.