Here is the Npower News, Latest Update on NExit loan training Batch 2
Thousands of exited Batch A and B Npower beneficiaries have expressed dissatisfaction with the CBN AGSMEIS NEXIT Loan Training’s failure to start Batch 2.
In response to a question about when Batch 2 of the NEXIT Loan Training would begin, the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development stated that “the next batch of the NEXIT Training will commence after the closure of the first Batch.”
Tensions have risen among the beneficiaries, who are planning an online protest because the ministry has not released the NEXIT Loan Training Invitation or the official statement on the Batch 2 NEXIT Loan Training start date.
We’ll go over why the NEXIT Loan Training for other batches of the programme hasn’t started yet.
1. NEXIT loan batch 1 Training is still ongoing.
As many people believe, NEXIT Loan Training encompasses not only the physical presence in the NEXIT Loan Training Center, but also other procedures that are part of the Criteria for accessing the NEXIT Loan, both during and after the Physical Training.
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“Submission of Business Plan” and “Assessment of Business Plan” are two of these procedures. These are the two most important aspects of the NEXIT Loan Training and the main requirements for receiving a NEXIT Loan.
Some states have yet to complete the Business Plan Submission process, let alone the Business Plan Assessment. The start of Batch 2 of the NEXIT Loan Training will be further delayed as a result of this.
2. Coordination Ease
Sadiya Umar Farouk, Minister of Humanitarian Affairs, Disaster Management, and Social Development, stated during the flag-off of the NEXIT Loan Training in Abuja that the NEXIT Loan Training will be conducted in phases for ease of coordination.
There are no fewer than 1000 beneficiaries in each State and about 500 beneficiaries for each participating Entrepreneurship Development Institute among the 75,000 exited Npower beneficiaries in Batch 1 of the NEXIT Loan Training (EDI).
In terms of NEXIT Loan Training, Submission of Business Plan, and Business Plan Assessment, 500 or more beneficiaries per EDI are not small numbers to manage.
Training another batch of 75,000 beneficiaries while Batch 1 is still in progress would result in even more delays, as the NEXIT Loan Training, Business Plan Submission, and Business Plan Assessment processes must be completed on each trained beneficiary before the number of beneficiaries eligible for the NEXIT Loan Disbursement can be determined.
3. Prior to execution, plan/prepare
Prior to execution, there is always planning/preparation. It’s not easy to train, coordinate, and assess 1,000 or more beneficiaries at once, especially given the current number of partnering EDI in each state.
One could argue that more EDI should be used, but that would mean more Ministry spending. Everyone knows that all beneficiaries of the CBN NEXIT AGSMEIS Loan Training are free, implying that the Ministry paid for their participation because they are Private Training Institutions.
Even government-owned CBN accredited institutions participating in the main AGSMEIS Loan Training collect N10,000 from each candidate, which is approved by the Central Bank of Nigeria. However, NEXIT Loan Training is provided free of charge.
During Batch 1 of the NEXIT Loan Training, the beneficiaries were also served an Item 7. Before beginning Batch 2 of the NEXIT Loan Training Invitation and the NEXIT Loan Training, this will also need to be planned and provided for.
Beneficiaries should exercise patience while the Ministry prepares for Batch 2 of the NEXIT Loan Training. As of now, there is no evidence that the Ministry has failed or disappointed any of the CBN/NEXIT AGSMEIS Loan recipients.
That is all the latest information on Npower News: Latest Update on NExit loan training Batch 2