Last week, the Ministry of Humanitarian Affairs, Disaster Management and Social Development disclosed that outgoing N-Power recipients would receive credit facilities from the Central Bank of Nigeria (CBN) after their NEXIT training.
The training due to start on Monday, March 14, 2022 nationwide will see successful candidates at various NEXIT training centers
sponsored by the Central Bank of Nigeria (CBN), which is scheduled for next week.
“The training of the first batch of 75,600 @npower_ng has left beneficiaries from all 36 states and it is proposed that the FCT will be launched next week in Abuja for the five-day entrepreneurial training, which then qualifies them for loans,”
Ms. Nneka Ikem Special Assistant, Media & Publicity, to Minister Sadiya Farouq, says on Twitter.
Before downloading the business plan, you must first check the place of training and date of NEXIT program.
NEXIT Business Plan
To obtain the NEXIT-CBN loan, applicants will be mandated to submit a business plan containing the following details:
- personal details
- business information
- Equipment list
- Working capital
- Products and services
- List of assets
- Competition analysis
- Management plan
- Loan Information
- SWOT analysis
You can download the NEXIT business plan here
For Nasarawa candidates, go directly to the G-Consulting website to access the online business plan form
You can check the Candidates FCT NEXT if you haven’t
To note: There are Differences between a business plan and a business proposalas such, you are advised to carefully study the prescribed NEXIT business plan to avoid any kind of trouble.
How many NEXIT applicants will get the CBN loan?
The CBN loan will initially be made available to 75,600 outgoing N-Power beneficiaries across 36 states in Nigeria. A new date will be made available for the second batch
My name is not on the first batch of the NEXIT list, what can I do?
If you didn’t make the first batch, wait for the next batch which contains the names of 154,400 N-Power recipients released.
How many discharged beneficiaries qualified for the CBN loan?
According to the ministry, only 230,000 outgoing N-Power beneficiaries are eligible for the loan which is backed by Nigeria’s apex bank.
How much does the NEXIT loan cost?
The ministry has yet to reveal the exact amount each of the successful applicants will receive from the CBN.
What is the NEXIT-CBN training?
The training will educate successful candidates on entrepreneurship, including agriculture and innovative ideas.