Latest NPower News Highlight, Wednesday 7th December 2022
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.
How Npower Batch C1 Can Register for NEXIT Loan After Exit
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.
NPower News: FG Reveals Big Plans For NPower Batch C Beneficiaries
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
- Extension of Batch C 1: Newsonline can authoritatively confirm (based on information from reliable sources) that the duration for the Npower Batch C Stream 1 has NOT been extended. The duration for the Npower Batch C Stream 1 programme is one year; from September 2021 to September 2022.
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.
- Npower August Monthly Stipend: Payment for the monthly of August to all Npower Batch C Stream 1 beneficiaries has passed from the PENDING state and the PROCESSING state to the PAID state. What this means is that Batch C 1 beneficiaries have started receiving alert that their August stipend has dropped into their respective bank accounts.
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.
- Posting of Batch C 2: The posting of Npower Batch C Stream 2 is ongoing as beneficiaries are being posted in batches. Applicants are to check their dashboard to print their PPA deployment letter. The posting letter is available for download on the NASIMS portal following the procedure issued by Npower management.If you are among the Batch C Stream 2 beneficiaries, kindly check your NASIMS dashboard for your Npower posting letter. We are pleased to inform Npower Batch C2 Beneficiaries who were unable to download their PPA letter before to start downloading it now.Simply login to www.nasims.gov.ng and go to Deployment Tab, then download the letter, print it, take t your Primary Place of Assignment (PPA) for signing and/or stamping by the appropriate authority, and then re-upload on the NASIMS portal. The Npower letter of acceptance will be sighted and verified by your PPA supervisor and even your credentials will also be checked. Ensure that you go to your PPA go with all the documents you uploaded on the Npower NASIMS portal.4. Kogi NPower News Update: Kogi State office of N-Power has distanced itself from news making the rounds that they are collecting money from N-Power Batch C, stream II beneficiaries to sign and stamp their deployment letter.Kogi N-Power Program Officer, Ustaz Sadiq Hamid disclosed this in a statement Sunday on behalf of the Kogi State focal person, National Social Investment Programme (NSIP) Prince Abdulkareem Onyekehi Suleiman.The statement noted that anyone parading themselves as desk officers and charging beneficiaries of N200 and N500 each for signing or stamping their deployment letters will be arrested and handed over to the appropriate authorities for prosecution.The statement reads in part, “This is to notify all the beneficiaries of N-Power Batch C, Stream II that there is NO charge or fee attached for signing and stamping of deployment letters!“The N-Power Kogi State office wishes to dissociate itself from ANYONE parading themselves as desk officers and charging beneficiaries of N200 and N500 each for signing or stamping of their deployment letters.“We have repeatedly warned that NPower registration, online test, physical verifications and deployments are totally free of charge, hence beneficiaries are advised to report anyone requesting money or fee to sign their letters under the guise of desk officers or any identity either as a staff of NSIP, Local Government Areas, National Youth Service Corp, (NYSC) HEAD OF PPA to NSIP Office. Whoever is caught in such an act shall be reported to the relevant authorities”….READ MORE HERE