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Home Business News Business

N-Power: FG and CBN launch job exit strategies for beneficiaries

William Ukpe by William Ukpe
January 21, 2021
in Business
Number of Nigerians affected by flooding rises to 3.2 million
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The Federal Government has announced that former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, starting with an agent network in partnership with the Central Bank of Nigeria (CBN).

This was revealed by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, at the 4th annual review of the Home Grown School Feeding Programme (NHGSFP). The beneficiaries that are eligible are Batches A and B of the N-Power scheme.

The N-Power job plan will see 200,000 beneficiaries employed as operators of the Shared Agent Network Expansion Facility (SANEF) scheme operated by CBN.

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”Plans have been concluded for the transition of the N-power Batch A and B through the creation of the NEXIT portal, which would allow those who choose to sign up to access other government empowerment opportunities,” Farouq said.

30,000 other beneficiaries would be employed through a Mass Agric Programme, which is a part of the Economic Sustainability Plan (ESP).

The Shared Agent Network Expansion Facility (SANEF) is a programme that aims to boost financial inclusion in Nigeria operated by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents.

READ: Meet Tayo Oviosu, The face behind Paga, Nigeria’s largest mobile payment platform

What you should know: Recall that Nairametrics reported in November 2020 that the Ministry of Humanitarian Affairs, Disaster Management, and Social Development announced the launch of a portal enabling exited N-Power beneficiaries to apply for CBN empowerment options.


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Tags: CBNEconomic Sustainability Plan (ESP)N-Power schemeShared Agent Network Expansion Facility (SANEF)
William Ukpe

William Ukpe

For further inquiries about this article contact: Email: william.ukpe@nairametrics.com or outreach@nairametrics.com. Twitter: @_sirwilliam_ @nairametrics.

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Comments 12

  1. Adamu Mohammed says:
    January 21, 2021 at 8:58 am

    Thanks for your

    Reply
  2. Anny says:
    January 22, 2021 at 8:58 pm

    I Wish them the best

    Reply
  3. Lawal Rahman says:
    January 23, 2021 at 7:14 am

    If this is not going to be one sided, it’s a good idea. Thanks for the info.

    Reply
  4. Abdullahi Aliyu Ahmed says:
    January 25, 2021 at 3:40 pm

    Perfect job indeed, but what about NpowerBuild please because some of them are degree holders while some N.C.E and Some N.D
    Are they included or not….?
    Thanks.

    Reply
  5. Abdullahi Aliyu Ahmed says:
    January 25, 2021 at 3:48 pm

    Thanks. But what about Npower-Build please…?

    Reply
  6. Maikasuwa Samuel Yohanna says:
    April 26, 2021 at 3:17 pm

    We are great full for this wonderful plan for Npower batch A and B, but when are we going to expect the exit package?

    Reply
  7. Ibrahim mamuda says:
    June 6, 2021 at 1:21 am

    Ibrahim

    Reply
  8. Anonymous says:
    June 6, 2021 at 5:23 am

    Ihis plan is very good plan but plan is very ashame becouse programe is not completed im weated for result certifiacate nsq

    Reply
  9. Mohammed jazuli shuaibu says:
    June 16, 2021 at 11:33 pm

    Ineed money for buness

    Reply
  10. Glady Adeyemi says:
    May 1, 2022 at 4:43 am

    Are our leaders not sensible at all? How can one spend 5.9BN to train youth on smart phones repairs? How much will it cost sane government to build smart phones industry that will continually employing more hands regularly with many chains of opportunities thereof?

    Reply
  11. Mike Joe says:
    October 10, 2022 at 1:08 pm

    As if they care.

    Reply
  12. Appgem James says:
    January 8, 2023 at 11:51 am

    What did y’all even expect after all?

    Reply

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