According to the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development, NEXIT (N-EXIT), also known as the NEXIT loan program, is an exit or transition plan designed to provide training and low-interest loans and grants to the beneficiary Npower if the Npower program ends.
The Ministry is working with the Central Bank of Nigeria to provide loans ranging from N250,000 to N3,000,000 through CBN Intervention Programs such as COVID-19 Covered Line of Credit Loan, AGSMEIS Loan and the Nigerian Loan Scheme such as the Nigerian Youth Investment Fund.
The NEXIT loan will initially target existing beneficiaries of Batches A and B of the Npower program and then transition to beneficiaries of Batch C, according to the ministry.
The federal government has said that the Npower batch C stream 1 beneficiaries will be moved to the NEXIT loan program of the scheme.
The Minister of Humanitarian Affairs, Disaster Management, and Social Development, Sadiya Umar Farouk said this during her weekly briefing on Wednesday.
She said an effective transition and exit management plan would be made available through the NASIMS Portal for the Batch C Npower Program, allowing beneficiaries to be moved automatically to the NEXIT Loan Program.
In her ministry’s weekly report titled “My Week in Review,” the Minister made this point clear while highlighting the role that the National Social Investment Management System (NASIMS) platform plays in carrying out the NSIP mandate.
“The Npower programme is a critical component of the FG’s National Social Investment Programme (NSIP) and supports the FG’s vision of lifting 100 million Nigerians out of poverty over 10 years. The objective remains to upskill young Nigerians for employment or entrepreneurship.
“The NASIMS platform will help ensure transparency, institutional memory, and dynamic impact assessment of the N-Power cluster, Batch C, thus providing seamless interaction between the programme and beneficiaries.
“The NASIMS platform will also facilitate seamless beneficiary verification, including an efficient transition & exit management plan that will enable beneficiaries to be migrated automatically to the NEXIT Program for POSSIBLE placement & employment opportunities with FG agencies”, Farouk Stated.
The requirements for resolving Npower Batch C1’s failed December payment are listed in today’s most recent Npower announcement from Nasims. see specifics below!
The management of Npower Nasims has given a new update regarding failed August Npower Stipends Payment that some batch C stream 1 beneficiaries are facing. In the update given, Nasims wrote:
ATTENTION: Npower C1 Beneficiaries, REQUIREMENTS FOR RESOLUTION OF FAILED DECEMBER PAYMENT
Please note, you need to provide your npower ID and NIN to enable us resolve and facilitate your failed August payment, Nasims said.
The above requirements should be forwarded to the Npower official email to avoid your account details being compromised, you can alternatively forward the required information with a detailed problem to this email: [email protected] for possible resolution. The problem should be well stated with attachment of the required information, Nasims said.
Nonetheless, while you work on your failed August stipends to be paid, do not forget to participate in the ongoing Npower work Nation exercise for the exited Npower batch C1 beneficiaries to enable you access other empowerment opportunities meant for exited Npower beneficiaries.
Npower has introduced the Work Nation Program to train and retain exited Batch C1 Beneficiaries
The Federal Government has introduced an exit and skill acquisition platform named “Work Nation” for Npower Batch C, Stream 2 beneficiaries
Truetells Nigeira reports that the Work Nation Programme is designed to develop and also connect exiting beneficiaries with opportunities across the globe.
According to NASIM, the Federal Government introduced the “Work Nation” programme to curtail the alarming rate of unemployment in the country.
NASIM is the central management system for all social intervention programmes of the Federal Government including Npower
Npower beneficiaries has been asked to remain calm as payment of August Stipend has commenced. Nasims said this on its social media handle. Read below
ATTENTION: N’Power C1 Beneficiaries
PAYMENT OF December STIPEND,
Following several enquiries regarding the authenticity of the August payment news widely in circulation, it has become crucial to clear the air.
Please accept this update as an official confirmation of December payment in progress. Kindly note, accounts are being credited for August payment and it’s done GRADUALLY. If your payment is PROCESSING kindly be patient and wait for your payment.
Your patience so far is highly appreciated.
Thank you!
Npower News Today, Npower has rolled out an Exit Programme for Npower Batch C1 Beneficiaries through the Nasims portal, the Programme titled ‘Work Nation‘ is set as a POP Assessment Test For Npower Batch C1 Beneficiaries To Access the Exit Package.
According to Npower batch c beneficiaries are to login the dashboard and will see a pop up message see below in other to take the assessment Test.
Congratulations to you on reaching the concluding month of the programme, which you were selected for as a beneficiary.
Kindly take the Work Nation eligibility test, as it is a conditional requirement for your August stipend to be paid to you. Work Nation is designed to make more opportunities accessible to you. The success or failure of the test do not affect you payments.
Click the button below to redirect you to your test page and complete your passing out process
Nasims therefore uses this medium to congratulate all batch C1 beneficiaries for successfully concluding month of the programme, which they participated as a beneficiary.
Exiting Npower Batch C stream 1 beneficiaries will see a pop up message when they login to the Nasims portal. Npower Batch C beneficiaries are therefore encouraged to take the assessment test.
On Npower latest news today, the management of Npower has Outline 6 different Steps For Batch C2 Beneficiaries To Complete Deployment Process. Npower Graduate Batch C Stream 2 Beneficiaries
According to the statement from the Npower management, the wait is finally over as you have been successfully deployed into their various graduate programs. The statement which is directed to Npower batch C stream 2 beneficiaries.
Npower batch C stream 2 Beneficiaries are to kindly follow the steps below to complete their deployment:
Congratulations to the successful beneficiaries.
On recent news about #NpowerNG , the Training Camps for N-Knowledge Training Open For Npower Non-Graduate Stream 2 Beneficiaries.
According to the statement from the Npower management, under the ‘N-Creative and ‘N-Tech categories have also been posted to their various training camps for their N-Knowledge training. Kindly visit your self service portal to see the details of your deployment.
Camps will be opened on the 4th October 2022. You are to report to camp with a print out of your deployment letter and BVN slip, means of identification and other personal effects.
NB: Prohibited Items Beneficiaries are not allowed to carry any of the following items to the training camp:
The reason for the delayed in payment of the last two stipends for batch C stream 1 beneficiaries of Npower has been revealed.
Recall that beneficiaries of the scheme are entitled to receive 12-month stipends.
Explaining on Monday a source within the office of the Minister of Humanitarian Affairs, Disaster Management and Social Development minister Sadiya Farouq explained the reasons for the delay in payment of two monthly stipends given to beneficiaries of its social intervention programme N-Power.
According to source who claimed anonymity,
“The ministry is planning special package for the stream 1 who may soon be ending their own program.
He also said that there are plans ongoing for retention of a category N-Power beneficiaries whose contract will expire this month.
He further said that the ministry was making efforts to develop a good exit package for the beneficiaries and that the money owed would be paid to beneficiaries upon conclusion of the plan which will be revealed this September.
In today’s Npower News, we will be updating you on the latest regarding Npower stipends payment and stream 2 posting so let’s get straight to the point.
Beneficiaries of the Npower batch C stream 2 should note that after the state focal person conducts a manual posting of beneficiaries, then Nasims will update your deployment status. Keep monitoring their posting via the Nasims self-service dashboard and don’t forget to connect with your focal person.
As regards Batch c stream 1, your extension lies in the hands of management. You commenced duties in September 2021 and we in September 2022 which means you have completed the 1-year program. Though with outstanding stipends for July and August are yet to be paid. If there will be an extension, you will hear from Npower management soon.
However, the last stipend that was paid is in June 2022. So July and August stipends will soon be initiated, Npower Technical Team is working tirelessly to ensure that issue of unpaid stipends is solved, and they are committed to ensuring that all of you receive your payments.
Npower discussion group advice to you is to wait patiently for the Npower management team to give an official statement regarding Npower batch C stream 2 deployment and stream 1 disengagement or extension if there will be.
In conclusion, Nexit applicants should also note that no Applicant has received the supposed Nexit CBN loan after the first training, as such, applicants should stay tuned for updates regarding Nexit Scheme from management soon.
In today’s News, Npower December And January Stipends Payment , we will be addressing Stream 1 and stream 2 beneficiaries’ payment issues.
It seems though that Npower management has managed to pay its batch C 1 volunteers stipends of 10 months excluding July and August stipends which we believe will be paid in due time, one thing that is not certain is whether there will be an Extension of this stipend payment beyond August. Whatever it is, we will soon find out.
Though Npower June stipends have been paid, Npower is assuring beneficiaries with issues of unpaid stipends that they will be paid as backlog and all outstanding stipends will be cleared.
As usual, Npower December Stipends Payment process will soon commence followed by the August stipends payment process.
The Honourable Minister of Humanitarian Affairs, Disaster Management, and Social Development Sadiya Umar Faroug on behalf of the management and entire staff of the Ministry a few days ago convey profound gratitude to President Muhammadu Buhari, GCFR for his passion and commitment towards alleviating the suffering of millions of lives especially those of the poorest of the poor, the teeming youths, Persons with Disabilities and other vulnerable persons.
NEXIT NEWS – According to the August 2022 Nexit news, Npower has assured Npower A and Npower B beneficiaries that the updates on NEXIT will be coming to Npower beneficiaries in a short period of time.
The beneficiaries of Npower batch A and Npower batch B who have confirmed their NEXIT training will be contacted when the list reaches the NEXIT training operators across the country, the reason why NEXIT training has not started for the second part is not only because of the NEXIT training, Npower has not yet sent the list to the NEXIT training operators.
According to the first part of the NEXIT training, all business plans have been received from the Central Bank of Nigeria, but the NEXIT loan process has not yet started, the NEXIT loan will be processed only after the second part of NEXIT , their training has been completed, and currently the second phase of NEXIT training has not started, and this is the reason why the NEXIT soft loan has not been implemented.
Npower A and Npower batch B beneficiaries are expected to receive a soft loan of up to ₦3,000,000 if they qualify, NEXIT NEXIT loan will be given to all Npower beneficiaries equal to the final loan amount included in the business plan and at the discretion of
the Npower beneficiary business.
In today’s Nasims news, Npower Commence PPA Posting Of Batch C Stream 2 Beneficiaries. Beneficiaries are to check via the link below and download your PPA letter.
The management of Npower Commence PPA Posting Of Batch C Stream 2 Beneficiaries of Npower has updated the Nasims dashboard of the beneficiaries of Npower batch C2 and has advised the Beneficiaries to login into their self-service and check their place of posting.
The National Social Investment Management System (NASIMS) has released a new update regarding the Batch C stream 2 Deployment process which is about to commence.
According to NASIMS:
“The Ministry is working with the state Focal persons to avoid posting beneficiaries to PPA’s far-off their place of residence.
The long-awaited Npower Batch C June Stipend has been initiated as beneficiaries are set to be credited.
The National Social Investment Management System (NASIMS) has disclosed that the payment of Npower 2022 June Stipend has been initiated and Crediting of Accounts is expected to follow suit as soon as possible
According to NASIMS:
“PAYMENT OF JUNE STIPENDS SUCCESSFULLY INITIATED!
“Payment of June stipends has successfully been initiated, while disbursement and crediting of accounts is expected to commence shortly, we appreciate your patience so far during this moment of delay.
“Thank you!”
Furthermore, beneficiaries are to exercise patients as all outstanding stipends will be paid and it is also very important that you take your Duties at the place of your primary assessment seriously in order to gain more job experience.
The management of Npower Nasims in an update revealed that State Focal Persons are Responsible For Npower Batch C Stream 2 Posting.
Nasims Wrote:
ATTENTION: Npower Batch C2 Beneficiaries, Please be informed that your state focal person is responsible for your PPA placement and this is done manually, after which deployment will commence. Until then, please be calm as all beneficiaries will be deployed. Thank you.
This update given by Nasims is to clarify the deployment letter of the Npower batch C stream 2.
Recall that the posting of the stream 2 Npower beneficiaries has commenced and the PPA of beneficiaries is been added on the Nasims portal gradually.
The National Social Investment Management System (NASIMS) has come out to reassure all Batch C Stream 1 beneficiaries that all payment issues will be resolved and all payments will be cleared.
This was disclosed on their social media account as they urged all beneficiaries to continue to exercise patience as they are working tirelessly to resolve all payment issues.
According to NASIMS:
“Dear Npower Batch C1
Thank you!”
Former Special Adviser on Media and Publicity to President Bola Tinubu, Ajuri Ngelale has praised God for…
Point-of-Sale (PoS) operators across Nigeria have raised their withdrawal fees, charging between ₦150 to ₦200…
What is the Dollar to Naira Exchange rate at the black market also…
The wife of the Zamfara State Governor, Huriyya Dauda Lawal, has facilitated the marriage of…
Flour Mills of Nigeria Plc (FMN), Nigeria’s leading Food and Agro-allied company is excited to…
Men of the Oyo State Police Command have detained the principal of Islamic High School,…