NEXIT: NEXIT Soft Loan Is Interest Free And Has A 7 Years Repayment Period

Some exited Npower Batch A and B volunteers have been asking the question if the soft loan to be given by the Federal Government of Nigeria, that is the Ministry for Humanitarian Affairs in collaboration with the Central Bank of Nigeria, the soft loan is an extremely flexible loan, it is not interest based, in fact it is interest free.

The NEXIT soft loan according to the Ministry for Humanitarian Affairs will be repaid at a maximum loan tenure of 7 years, after the NEXIT soft loan training is concluded, every business plan developed by the exited Npower Batch A and B volunteers will be scrutinized by the NEXIT training organisation and forwarded to the financial institutions responsible for disbursement of the soft loans, the soft loans approval will be based on the loan amount and working capital specified in the exited Npower Batch A and B volunteers business plan.

NEXIT: The Name On Your NEXIT Training Certificate Will Appear Exactly As It Was When You Registered For Npower And This Will Not Affect Your Soft Loan

Some exited Npower Batch A and B volunteers have been asking the question if the arrangement of their names will appear correctly on their NEXIT training certificate after completing the NEXIT training, please your name will appear exactly the same way it was entered during your Npower preregistration, if your name during Npower registration is Eze Ezenwa Bernard, that is how it will appear on your NEXIT training certificate.

The NEXIT training certificate only shows that you have successfully completed your NEXIT training programme, it has no significance on your loan payment, loan disbursement is handled by the financial institutions funding the Npower NEXIT training programme that is NIRSAL Micro Finance Bank and Central Bank of Nigeria.

Once your NEXIT training certificate is given to you just cross check your names if it was printed correctly on the NEXIT training certificate, if there is error on your name please you can notify the NEXIT training officers to effect the appropriate corrections.

Their are hints that the NEXIT training certificate might be a supporting document during the loan disbursement, but these are mere speculations.

NEXIT: After The NEXIT Training More Batches Will Have To Complete Their NEXIT Training, All Business Plans Will Be Revised And Submitted To Appropriate Financial Institutions

Lots of exited Npower Batch A and B volunteers that recently completed their NEXIT soft loan training, have been asking what next after the NEXIT training first batch is concluded, the answer to this question is as follows:

1) Another NEXIT soft loan training will be conducted for exited Npower Batch A and B volunteers, this will be the second NEXIT training (their are speculations that a third batch will also be out after the second batch but these are mere speculations).

2) After all the NEXIT soft loan trainings for all batches are completed and all business plans completed and certificates collected, the NEXIT soft loan business plan will be vetted, corrected and adjusted by the NEXIT soft loan training organisations.

3) After the business plans of all exited Npower Batch A and B volunteers that participated in the NEXIT soft loan training exercise is scrutinized and adjusted, the adjusted business plan will be forwarded to the appropriate financial institutions and the soft loans funded by Central Bank of Nigeria.

4) The business plan will be checked, priority areas such as loan amount and working capital will be measured and used as a yardstick to disburse the soft loans to exited Npower Batch A and B volunteers.

Exited Npower Batch A and B should note that, the disbursement stage will not take place until all the batches have completed their NEXIT soft loan trainings.

NEXIT: Npower Beneficiaries Will Be Contacted In Due Time If You Were Selected For The NEXIT Training, You Cannot Be Rescheduled For The Next Batch If You Missed The First Batch

Npower Batch A and B beneficiaries, that were selected for the NEXIT training will be contacted in due time for the next NEXIT soft loan training batch, if you have confirmed your availability for the NEXIT training programme and your have checked your NEXIT status and you were selected please exercise patience you will be contacted in due time.

Exited Npower Batch A and B volunteers that missed the previous NEXIT training programme but want to join the next batch of the NEXIT training programme will not be able to do that regrettably because the previous NEXIT training programme for batch 1 cannot be rescheduled, every NEXIT training programme have a specific number of Npower Batch A and B volunteers or trainees for that particular batch, doing this would cause some discrepancies and complications with the next batch.

Exited Npower Batch A and B volunteers have been advised to always fill in the details in the NEXIT loan form and business plan individually, avoid sharing your sensitive details like BVN with a third party.

Npower: January And February Stipend Will Be Initiated Before The Month Runs Out, Worst Scenario By Early April

Reports reaching Npower News is that the January stipend is at its final stage of completion and before the end of the month worst scenario early April, Npower Batch A and B volunteers should start seeing changes on their payroll status.

The delay in the January and February stipend is not punitive neither is it deliberate, the delay in the payment process is because the Npower NASIMS management team have been extremely busy rectifying Npower Batch C Volunteers with failed payment issues, quite a whole lot of Npower Batch C1 volunteers have failed payment issues and until these payment issues are resolved, Npower Batch C1 volunteers will continue having payment delay.

Npower Batch C Volunteers having payment issues failed to do the appropriate thing, and this has continued to affect Npower Batch C1 volunteers without issues, it is not easy filtering out Npower Batch C Volunteers with payment issues from Npower Batch C Volunteers without payment issues, the payment system is integrated in such a way that paying some Npower Batch C Volunteers might not be easy because all payments are made at once.

Npower Batch C Volunteers have been advised to keep checking their Npower NASIMS dashboard for updates on their payroll status, regardless of the reason on your payroll status you will be paid, if you have received payment before.