CBN Disburses N106.96 Billion To 27,956 AGSMEIS Beneficiaries

On today’s latest Npower news, the Government of Nigeria has given a new update regarding nexit opportunities.

According to the update shared on Twitter by the Nigeria Government, which states that the central bank of Nigeria in collaboration with the Federal Ministry of Humanitarian Affairs, Disaster Management and Social Development has developed a portal to enable exited npower_ng beneficiaries to log on and apply for the various CBN economic empowerment and entrepreneurship options such as:

  •  The AGSMEIS loan
  • The Anchor Borrowers Program (ABP) and
  • BOI GEEP loan

AGSMEIS is a federal government intervention funding scheme through CBN that promotes Agric businesses as a vehicle for sustainable economic development and employment generation.

Anchor Borrowers’ Program (ABP): The Central Bank of Nigeria (CBN) in line with its developmental function established the Anchor Borrowers’ Program (ABP).

The Program which was launched by President Muhammadu Buhari (GCFR) on November 17, 2015, is intended to create a linkage between anchor companies involved in the processing and smallholder farmers (SHFs) of the required key agricultural commodities.

The program thrust of the ABP is the provision of farm inputs in kind and cash (for farm labor) to smallholder farmers to boost production.

If you look at the above statement carefully, you will know that the Nigeria youth investment fund NYIF could be part of the CBN Nexit opportunities.

The Government of Nigeria has advised Interested N-Power exited beneficiaries to log on to the CBN portal for more information. The NEXIT portal URL is Here

What we are hoping for is to see that volunteers are not discriminated against based on their age if not, many volunteers will not meet the criteria.

By flippstack

I am the CEO of flippstack.com, a full-time blogger and a web developer.

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