The N-Power scheme has arranged list of Transition Packages for exited Batch A and B Beneficiaries for the year 2021 across the Federation. See more details below.
In this article, it contains the N-Power NEXIT Transition Packages, The List of CBN Empowerment & Entrepreneurship Options for N-Power NEXIT Beneficiaries; you are to select one option that suits you. This is strictly for exited N-Power Batch A and B Beneficiaries, please inform others.
List of CBN Empowerment & Entrepreneurship Options for NEXIT Beneficiaries
According to the update shared on Twitter by the Federal Government, which states that the Central Bank of Nigeria in collaboration with the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has developed a portal to enable exited npower_ng beneficiaries to log on and apply for the various CBN economic empowerment and entrepreneurship options such as:
- The AGSMEIS loan
- The Anchor Borrowers Program (ABP) and
- BOI GEEP loan
What is AGSMEIS Loan?
The Agri-Business/Small and Medium Enterprise Investment Scheme is an initiative to support the Federal Government’s efforts and policy measures for the promotion of agricultural businesses and small/medium enterprises (SMEs) as vehicles for sustainable economic development and employment generation. You can understand it this way – it is federal government intervention funding scheme through CBN that promotes Agric businesses as a vehicle for sustainable economic development and employment generation.
What is Anchor Borrowers Program (ABP)
Anchor Borrowers’ Program (ABP): The Central Bank of Nigeria (CBN) in line with its developmental function established the Anchor Borrowers’ Program (ABP). The Program which was launched by President Muhammadu Buhari (GCFR) on November 17, 2015, is intended to create a linkage between anchor companies involved in the processing and smallholder farmers (SHFs) of the required key agricultural commodities. The program thrust of the ABP is the provision of farm inputs in kind and cash (for farm labor) to smallholder farmers to boost production.
What is BOI GEEP Loan?
BOI GEEP Loan provides access to funds for startups to SMEs, and large enterprises.
How to access CBN Empowerment & Entrepreneurship Options for NEXIT Beneficiaries
The Government of Nigeria has advised Interested N-Power exited beneficiaries to log on to the NEXIT CBN portal for more information. The NEXIT portal URL is https://nexit-fmhds.cbn.gov.ng
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