How Npower Batch C1 Can Register for NEXIT Loan After Exit can be accessed below.
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 Federal Department of Humanitarian Aid, Disaster Management and the development of social advertisements for beneficiaries of Batch C1 Npower products, which is a separate NEXIT program.
The registration process for NEXIT is effected through the NASIMS service portal at www.nasims.gov.ng.
Training on NEXIT Loans is essential for Batch C beneficiaries who incorporate Batch C 1 into the NEXIT Loans program.
To enrol in the NEXIT Loan Training, the ministry uses the USSD code *45665# and deducts N30 air time for each transaction.
The loan amount that a candidate can obtain is determined by the candidate’s business plan. Higher loan amounts, up to N3 million, would be offered if the business plan is determined to be viable.
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