Npower Nexit Update August 9th 2022

At the moment the Npower NEXIT training programme second batch for exited Npower beneficiaries is yet to commence, the reason is simply because the Npower NEXIT training coordinators nationwide are still expecting the second batch list of the Npower NEXIT training programme from Npower, it is when the Npower NEXIT training programme second batch list is received from Npower that the Npower NEXIT training coordinators nationwide will commence the Npower NEXIT training.

Secondly the Npower NEXIT soft loan disbursement process will not start not until the second batch of the Npower NEXIT training programme have started and concluded. The prerequisite for the processing of the Npower NEXIT soft loan is that all Npower Nexit training programme must be concluded and all business plans submitted to the Central Bank of Nigeria, once the Central Bank of Nigeria receives all the business plans then the Apex bank will start the soft loan processing and disbursement. The Npower NEXIT soft loan will be disbursed to NIRSAL Microfinance Bank then from NIRSAL Microfinance Bank the soft loan will get to its final consumer which is the Npower beneficiary.

The soft loan will only be allocated to Npower beneficiaries that have completed their Npower Nexit training programme, submitted their business plans and obtained the Npower NEXIT training certificate, without all these the Npower beneficiary will not be awarded the Npower NEXIT soft loan exit package. The soft loan will be a maximum of ₦3,000,000 depending on the loan amount in the business plan of the Npower beneficiary.

Weeks ago Npower through her verified social media handles have said that the Npower NEXIT training programme will start soon but at the moment there is no information regarding the Npower NEXIT soft loan not the Npower NEXIT training programme. Npower beneficiaries are advised that as soon as the Npower NEXIT training programme commences it will be communicated on all Npower verified social media handles. Currently Npower is putting things in place to ensure a successful Npower NEXIT training programme.