As part of its efforts to eradicate poverty and sustain the National Social Investment Programme (NSIP), the Federal Government, on Monday, inaugurated the NEXIT/CBN Agribusiness Small And Medium Enterprises Investment Scheme for exited N-Power beneficiaries in batches A and B.
The scheme was inaugurated in Abuja by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, who stated that out of the 467,183 applicants who indicated interest, 75,600 would participate in the first phase of the orientation programme.
According to her, those who qualify for the programme would be able to access loans up to the tune of N3 million from the CBN. The minister, who was represented by the Permanent Secretary of her ministry, Bashir Alkali, said the move was part of the Federal Government’s efforts to eradicate poverty and sustain the National Social Investment Programmes (NSIP).
Farouq noted that this phase would take place in all the 36 states and the Federal Capital Territory and that it was the first of several other phases.
According to a statement made available to newsmen in Abuja, she said, “I have desired that the exited batches A and B N-Power graduate beneficiaries will not be left unattended to “In different channels, I kept on assuring these teaming youths that the Ministry of Humanitarian Affairs, Disaster Management and Social Development has worked very closely with the Central Bank of Nigeria to realise this dream.
“Today marks the beginning of the fulfilment of this awaited training that will enable those beneficiaries that indicated interest to participate in the CBN empowerment programme. “For ease of coordination, this training programme will be conducted in phases. Let me also inform you that all 36 states and FCT are participating in this long-awaited NEXIT training programme.”
