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NEXIT Loan Disbursement Date From CBN For Batch A and B Beneficiaries

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Npower EXIT Loan Disbursement Date from Central Bank of Nigeria (CBN) for Npower Batch A and B.

NEXIT Loan Disbursement Date From CBN – The date for the next disbursement of loans to the Npower nexit programme applicants has been announced by the federal government through the Central Bank of Nigeria (CBN).

NEXIT Loan Disbursement Date

NEXIT Loan Disbursement Date

All Npower batch A and B beneficiaries should get prepaid and be ready, because the federal government has announce payoff exit package for all batch A and B beneficiaries.

NEXIT Loan Disbursement Date from CBN

PRESS STATEMENT ON THE PAYMENT OF OUTSTANDING ALLOWANCES OF BATCH A AND B OF THE 2016 AND 2018 N POWER VOLUNTEERS NATIONWIDE17th Friday, September 2021.

Following the payment system challenges faced by the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development which has been overcome, the Ministry has commenced the final payment of the arrears on the few outstanding allowances of Batches A and B N Power volunteers.

The accounts of these 14,021 volunteers were flagged in March 2020 by the Federal Government payment system, the Government Integrated Financial Management Information System (GIFMIS), for various reasons including but not limited to:

1) beneficiaries having multiple accounts, and
2) beneficiaries account receiving other payments such as salaries and allowances from multiple Federal Government Ministries, Department and Agencies (MDAs) on permanent employment or for participating in other schemes.

These acts violate the regulations guiding the N-Power volunteer programme and could amount to gross misconduct and corruption.
The Ministry carried out detailed investigation in collaboration with relevant government MDAs and so far the accounts of 9,066 volunteers were cleared for final payment.

Based on this reality, the 5 months allowance arrears of these volunteers, totaling N150,000.00 each, is currently being paid. The allowances of the remaining 4,955 is withheld pending conclusion of further investigation. Where clear violations of the agreements are established, such violators will be subjected to appropriate sanctions as stipulated by the law.

Contrary to some insinuations in the public domain, this process is a clear demonstration of the Ministry’s resolve to address this unfortunate incidence in a transparent manner for accountability and to forestall its future occurrence.

As it has consistently maintained, the investigation caried out by the Ministry is in the best interest of the Country and has the major goal of institutionalizing the National Social Investment Programme (NSIP) and ensuring its efficient management in line with Mr President’s resolve to ensure transparency and accountability in its implementation at all times.

The Ministry regrets the delays experienced in concluding this process, but assures the public that transparency and accountability cannot be compromised in all its activities.
Bashir Nura Alkali
Permanent Secretary
For Honourable Minister
17/09/2021

The date for the next disbursement of loans to the Npower nexit programme
applicants is on the 23rd of August 2021.

Will NEXIT Package Plan be Loan or Grant?

NEXIT Package Plan will either be a loan or grant, As such, candidate should wait for an update about the disbursement of loans from Npower, we will duly update it on this page. Kindly BOOKMARK this page for more update or drop your email address at the comment section.

But from the information we have received, the loans will soon be given out as soon as possible.

When will Npower pay NExit Batch A and B Beneficiaries

For now, applicants should login to the portal www.nexit-fmhds.gov.ng and update their payment information to enable them receive their own quota of the loan when the disbursement commences officially.

When will Npower Pay NExit Batch A and B?

The Npower will start Disbursement for NEXIT Batch A and B Beneficiaries from 23rd August 2021.

NEXIT Loan Disbursement For All 36 State and FCT

Click on the link representing your state of origin to access your status:

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17 COMMENTS

  1. This information is great..we are in eagerly expectations sir.
    But what about those that have email or password issues?

    • The website is no longer login whenever i want to login to check your loan status, pls admin what is wrong with the website.

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