N-Power: Federal Govt And CBN Launch Job Exit Strategies For Beneficiaries


The Federal Government through Central Bank of Nigeria (CBN) has launched job exit strategies for N-Power beneficiaries.

Federal Govt And CBN Launch Job Exit Strategies For Beneficiaries N-Power

The Federal Government has announced that former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, starting with an agent network in partnership with the Central Bank of Nigeria (CBN).

This was revealed by the Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, at the 4th annual review of the Home Grown School Feeding Programme (NHGSFP). The beneficiaries that are eligible are Batches A and B of the N-Power scheme.

The N-Power job plan will see 200,000 beneficiaries employed as operators of the Shared Agent Network Expansion Facility (SANEF) scheme operated by CBN.

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”Plans have been concluded for the transition of the N-power Batch A and B through the creation of the NEXIT portal, which would allow those who choose to sign up to access other government empowerment opportunities,” Farouq said.

30,000 other beneficiaries would be employed through a Mass Agric Programme, which is a part of the Economic Sustainability Plan (ESP).

The Shared Agent Network Expansion Facility (SANEF) is a programme that aims to boost financial inclusion in Nigeria operated by the Central Bank of Nigeria, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents.

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What you should know: Recall that we reported in November 2020 that the Ministry of Humanitarian Affairs, Disaster Management, and Social Development announced the launch of a portal enabling exited N-Power beneficiaries to apply for CBN empowerment options.