Npower nexit soft loan will be lower than ₦3,000,000 and not ₦3,000,000

Earlier reports have it that Npower batch a and b volunteers will be given ₦3,000,000 as soft loan to start a business of their choice, but through the analysis online on the business plan, the soft loan amount for Npower exited volunteers will be lower than ₦3,000,000 and not ₦3,000,000, as earlier reports claims.

The reason why exited Npower Batches A and B volunteers will not be paid exactly ₦3,000,000 is because lots of aspects on the business plans have been adjusted and are being adjusted as we speak, adjustments were made on the cost of equipments, the working capital, the financial plan and other sensitive aspects on the business plans, even some Npower Batch A and B volunteers that quoted their soft loan amount exactly ₦3,000,000 noticed that this soft loan amount was slashed drastically to about a quarter of the total loan amount.

The soft loan interest rates still remains at zero interest rates, and the soft loan tenure is still fixed at 7 years payment period, exited Npower Batches A and B volunteers have been advised to preview their business plans to inspect necessary adjustments made on the soft loan amount and on the category of business.