BUSINESS NEWS

FG announces new plan for N-Power beneficiaries

NEWSMAN, Abuja – Federal Government has declared N-Power beneficiaries, who have concluded the two-year job programme, access to permanent job opportunities or business prospects.

This is part of the newly-activated N-power exit strategy.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Farouq, at the 4th annual review of the Home Grown School Feeding Programme (NHGSFP) on Wednesday said the initiative is for Batches A and B of the N-Power programme.

Under the plan, 200,000 beneficiaries will be engaged as financial services operators under the Shared Agent Network Expansion Facility (SANEF).

The Minister said the scheme is operated by the Central Bank of Nigeria (CBN).

“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.

“A beneficiary management system for the NSIPs is expected to be deployed in 2021. It would have the capacity to manage payments, address grievances and improve dissemination of information”, Sadiya said.

The government said another 30,000 beneficiaries have been engaged as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme, The Nation reported.

Others will have the option of benefiting from the Government Enterprise and Empowerment Programme (GEEP) micro-enterprise loans.

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