NEXIT CBN AGSMEIS Entrepreneurship Loan

NEXIT CBN AGSMEIS Entrepreneurship Loan was flagged off on the 14th of March, 2022 by FG

What is NEXIT CBN AGSMEIS Entrepreneurship Loan?<

NEXIT CBN AGSMEIS Entrepreneurship Loan is the proposed empowerment opportunity initiated by the Federal Government in partnership with CBN to assist the Exited Npower beneficiaries with business capital in form of a loan.

AGSMEIS which means Agribusiness Small and Medium Enterprises is a credit line facility availed by bankers committee for the promotion of agricultural businesses, micro, small, and medium enterprises (MSMEs) as vehicles for sustainable economic development and employment generation, for startups and existing businesses.

As part of the exit package for the exited Npower batches A and B, the Ministry of Humanitarian Affairs, disaster management, and social development decided to empower these beneficiaries with CBN AGSMEIS loans of up to N3M to each qualified NEXIT applicant to start or grow their businesses.

The NEXIT CBN entrepreneurship loan orientation training has commenced across the country with about 75600 first batch participating applicants. The training is said to be in batches so if you will not be invited in the first batch you will be in the subsequent batch.

The NEXIT orientation training is conducted by EDIs agencies across Nigeria to teach the participants how to create business ideas, grow the business into a profitable venture.

However, in a situation like this, some people might want to sidelines some of the original beneficiaries who struggled waited for long to benefit from this scheme. So we are calling on the Federal Government and CBN to ensure that the right NEXIT applicants benefit from this Programme. So that it won’t be the case of monkey the work baboon the chop.