The Federal Government on Monday inaugurated the NEXIT/CBN agri-business small and medium enterprises investment scheme for exited N-Power beneficiaries in batches A and B.
Minister of Humanitarian Affairs, Disaster Management and Social Development Sadiya Farouq, who inaugurated the scheme in Abuja, 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 move was part of the Federal Government’s efforts to eradicate poverty and sustain the National Social Investment Programmes.
She congratulated the 467,183 trainees who indicated an interest in the NEXIT/CBN AGSMEIS programme from the 500,000 batches A and B exited beneficiaries.
Farouq noted that this was the first of several other phases that would take place in all the 36 states and the Federal Capital Territory.
Source: The Punch
Quality journalism costs money. Today, we’re asking that you support us to do more. Support our work by sending in your donations.
The donation can be made directly into NatureNews Account below
