VERY IMPORTANT: Endeavour to scroll down to the bottom of the page for general and comprehensive information on all that pertains to NASIMS Npower empowerment programme.
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.
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
IDOMA VOICE 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
Contrary to rumours making the rounds that the duration for the Npower Batch C Stream 1 programme has been extended by one year (12 months), the August 2022 stipend will be the last the beneficiaries will receive.
The Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq, in a recent statement sighted by this reporter, announced that the exit plan for the Batch C 1 will take effect once their August stipend has been paid…..READ HERE
Nonetheless, should there be any further development on this matter, Newsonline will not hesitate to inform you and on time as well. For the meantime, kindly ignore such rumours.
However, the NASIMS Dashboard of few beneficiaries is still at the PENDING or PROCESSING stage. If this is the case with yours, kindly note that there is no cause for alarm yet. Npower monthly stipends are paid out in batches, so expect to receive your own credit alert soon, except for any technical issues.
Moreover, the delay in the processing of the payment could be as a result of technical hitches, either with the NASIMS Npower payment platform or with some banks. Kindly confirm from your bank if the issue persists for too long. You can also reach out to the NASIMS Npower official s via the appropriate communication channels to lodge your complaints.
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