FG initiates agro-investment plan for N-Power beneficiaries

The Federal Government of Nigeria has inaugurated the NEXIT/CBN agri-business small and medium enterprises investment scheme for beneficiaries of N-Power batches A and B.

The Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Farouq inaugurated the scheme in Abuja.

She stated that out of the 467,183 trainees who indicated interest, 75,600 would participate in the first phase of the orientation programme.

This, she said, was expected to lead up to the collection of loans of up to N3m from the Central Bank of Nigeria if they qualify.

The minister, who was represented by the Permanent Secretary of her ministry, Bashir Alkali, said the act was part of the Federal Government’s efforts to eradicate poverty and sustain the National Social Investment Programmes.

She was quoted in a statement issued in Abuja as saying, “I have desired that the exited batches A and B N-Power graduate beneficiaries will not be left unattended to.

“In different channels, I kept on assuring these teaming youths that the Ministry of Humanitarian Affairs, Disaster Management and Social Development has worked very closely with the Central Bank of Nigeria to realise this dream.

“Today marks the beginning of the fulfilment of this awaited training that will enable those beneficiaries that indicated interest to participate in the CBN empowerment programme.”

Loading

LEAVE A REPLY

Please enter your comment!
Please enter your name here