Category of Nexit Applicants Likely to Get High CBN Loan

The Nexit loan disbursement and how much each exited Npower beneficiary would get as loan will depend solely on the category he/she belongs to or falls under.

Therefore, there is no doubt that the disbursement of Nexit loan might be categorized according to the applicant’s information on the Nexit portal. There are 4 Categories of Nexit Applicants.

The Nexit Categories are as Follows;

  1. The ones who have an established business and duly registered with the Corporate Affairs Commission (CAC).
  2. The ones who have established business but yet to register with CAC.
  3. We also have the ones who have not established any business but are willing to start up a business if given the loan.
  4. The final category of Nexit Applicants is the ones who are not interested in anything other than permanency (Government work).

Therefore, in any category one falls into, there will definitely be a space for every applicant in the Nexit CBN Empowerment options which would be according to your preferences. Since the NEXIT portal will help determine the suitability of the beneficiaries for the CBN affiliated programs & is dependent on their meeting the criteria & conditions set by the CBN for the said programs.

Also Read: Nexit Portal Email Update Link 2021

Prior to the initiation of the Nexit program, the honorable Minister of Humanitarian Affairs Sadiya Umar Farouq stated that 109,000 among the 500,000 beneficiaries have gone to become business owners and some are already employers of labour. These 109,000 are the typical example of Nexit Applicants that fall in category 1&2 which may likely get high loan amounts to grow their businesses. So also those in other Category who meet CBN Requirements.

The NEXIT portal which was developed and launched by @FMHDSD in collaboration with the CBN will enable exited N-Power beneficiaries to log on and apply for the various empowerment options provided by the apex bank. Interested N-Power exited beneficiaries should open the Link For Npower CBN NEXIT Empowerment Portal for more information.

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