The federal government has flagged the NEXIT/CBN Agri-Business Small and Medium Enterprises InvestmENT Scheme for N-Power beneficiaries Batches A and B.
The N-power exit and CBN loan scheme is part of the federal government commitment to poverty reduction and employment generation
Under this investment scheme, selected and qualified N-power participants will get a loan of up to 3 million naira from the central bank of Nigeria
The N-Power programme is a critical part of the National Social Investment Programmes domiciled in the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development designed to achieve the National objectives of poverty reduction and job creation. The N-Power programme is key to helping young Nigerians acquire and develop life-long skills that ensure they become solution providers and entrepreneurs in their communities”.
Out of the 467,183 trainees who indicated interest, 75,600 will participate in the first phase of the orientation programme and if they qualify, will be eligible for 3M naira low interest loan with a maximum tenure of seven years
This agri-business loan scheme is part of the federal government’s National Social Investment Program.
How The Program Works
75,600 participants out of the 467,183 trainees who indicated interest will be trained for 5 days in the 36 states and FCT
- The program will take place in many phases throughout the federation
- It is currently in the first phase and it’s only for 75,600 participants
- Funds will be disbursed through the Central Bank of Nigeria in partnership with the Ministry of Humanitarian and Disaster Management
- It aims to support Agri-businesses in the country
- To be eligible, you must be a part of the N-power batches A and B beneficiaries
- You must also have an existing agric-business or idea with a solid business plan
Benefits of the Program
- Up to 3 million naira loan with a maximum tenure of seven years
- 5 days training and mentorship from expert
- An opportunity to grow your agribusiness with needed funds
Beneficiaries who qualify would receive loans of up to three million Naira with a maximum tenure of seven years at the end of the five-day training.
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