When The Central Bank Of Nigeria Will Start The NEXIT Loan Disbursement Exit Package

The Central Bank of Nigeria is the apex bank responsible for the processing of the Npower NEXIT soft loan to be issued to Npower batch a and Npower batch b exited beneficiaries, the Central Bank of Nigeria after receiving the business plans of the Npower NEXIT trainees will vet and approve these business plans according to the loan amount quoted in the business plan and the choice of business the Npower batch a and Npower batch b beneficiaries wants to embark upon. After the approval of the business plans the Central Bank of Nigeria will instruct and direct NIRSAL Microfinance Bank to commence the issuance of the soft loans to Npower batch a and Npower batch b beneficiaries that qualifies for the NEXIT soft loan disbursement.

The Central Bank of Nigeria cannot start the soft loan disbursement until the second batch of the Npower NEXIT training must have been concluded and all business plans submitted, what this simply means is that the Npower NEXIT soft loan will be disbursed to exited Npower Batch A and Npower batch b beneficiaries only when the business plans of the second batch of the Npower NEXIT training programme must have been submitted to them, at the moment the Npower NEXIT soft loan disbursement is not feasible because the second batch of the Npower NEXIT training is yet to commence.

Npower batch a and Npower batch b beneficiaries awaiting their Npower Nexit training are advised to exercise patience until the list for the Npower NEXIT training programme is sent to Npower Nexit training coordinators nationwide, once the Npower NEXIT training list is received then Npower batch a and Npower batch b will be contacted both publicly through Npower verified handles and through email or text messages.