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300K Loan for Nexit Applicant, How to Apply this May




The Ministry of Humanitarian Affairs, Disaster Management and Social Development Minister, Hajiya Sadiya Umar Farouk, stated on Thursday during the weekly ministerial briefing organized by the presidential media team that the Federal Government will be providing 300,000 N-Power exited beneficiaries with loan facilities from the Central Bank of Nigeria (CBN) after Nexit vocational training.

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She said: “Yes, we have an exit strategy, which we partner with the Central Bank of Nigeria. And out of this 500,000, about 300,000 indicated interest to be put on an exit programme where you can be trained on different skills, skills of their choice and they will be given loans by the Central Bank of Nigeria, for them to start their businesses.

This we have gone far. We are in the process of training those that have indicated interest. And I’m sure before the end of this quarter, these people the end of this quarter, these people will be given these loans by the CBN.

As a government agency the ministry, we do not give loans. So, we have to partner with those institutions that can do that.

Unfortunately, some of these people were not very wise in their savings but for anybody that’s really serious, most of them have saved.

About 109,000 of the N-Power beneficiaries have become entrepreneurs. They are now employers of Labour and we have evidence of that which can be provided to you.

This is a very laudable programme, and people have benefited and people are being supported. And we have an exit strategy. And we are on and it’s a continuous process.

Bernard Bassey is a graduate of Software Engineering from AfriHUB University, Abuja. He is an expert in field journalism, his interest in socio-politics activities is keen.



  1. ayodele Victor bamidele

    Monday, 30 May 2022, 6:20 at 6:20 am

    It empowered individual to be on their own

  2. Ayodele Victor bamidele

    Monday, 30 May 2022, 6:14 at 6:14 am

    the program give individuals scure

  3. Frank

    Friday, 20 May 2022, 6:15 at 6:15 am

    Good morning!, my followed Nigerian’s, why that F.G. don’t want to clear the all npower beneficiaries, their unpaid stipends And the loan at once, lookimg for so many wells to confused them, Nigerian youths are not going to be lazy at 2023 coming fourth general elections, we above that, if you want, take its or live its, let’s forget the Administration and vote for the right person that can create Jobs and also give the youth’s permanent jobs, thanks.

  4. Philips utoo

    Thursday, 19 May 2022, 11:32 at 11:32 am

    The Npower program,it really help me alot. Keep on the good work you’ve been doing,kudos to hournorable minister.thank you ma.

  5. lucky ndubueze

    Wednesday, 18 May 2022, 11:49 at 11:49 pm

    I will to partispect on it please

  6. Bernard Niger

    Wednesday, 18 May 2022, 2:08 at 2:08 am

    I have finished the exit npower training and when will the money be paid. Thanks Bernard Niger

  7. Abduljabbar Aliyu Abba

    Tuesday, 17 May 2022, 11:12 at 11:12 am

    I will definitely be expecting hopefully for the best time to apply.
    Please send me the details and I’ll be in touch soon as I get it easier inshallah
    I really appreciate it and need a good amount to start my own business.
    I have never benefited from npower before in this case.

  8. Simon Damo Kunaza

    Thursday, 10 March 2022, 1:53 at 1:53 pm

    I love this.

  9. Habibu Ibrahim

    Wednesday, 23 February 2022, 1:27 at 1:27 am

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