Npower News: 200,000 Npower Beneficiaries To Be Employed As Financial Service Operator

Npower News

Latest Npower News: 200,000 Npower Beneficiaries To Be Employed As Financial Service Operator

Under the NEXIT plan package, at least 200,000 exited Npower beneficiaries are expected to work as financial service operators under a scheme controlled by the Central Bank of Nigeria (CBN). As part of the Economic Sustainability Plan, more than 30,000 Npower volunteers have already been engaged as geospatial experts and enumerators by the Federal Ministry of Agriculture and Rural Development/Agriculture for Food and Job Plan (FMARD AFJP) and the Project for Agricultural Coordination and Executive (PACE). Other Npower volunteers would be offered the option of receiving micro-enterprise loans from GEEP.

As part of the N-Power exit strategy master plan, at least 200,000 exited Npower volunteers will be enrolled in a program called SANEF (Shared Agent Network Expansion Facility). There will be at least 30,000 Npower volunteers deployed for the Mass Agric programme, part of the Economic Sustainability Plan (ESP), and other Npower volunteers will be given the opportunity to develop their entrepreneurial skills and start new businesses under the microenterprise programme.

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The Shared Agent Network Expansion Facility (SANEF) programme is a Federal Government initiative operated by the Central Bank of Nigeria, Commercial Deposit Money Banks, Nigeria Inter-Bank Settlement Systems NIBSS, Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents with the primary aim and goal of accelerating financial inclusion and financial growth and development in Nigeria.

According to the master plan of the NEXIT programme, the project will among other things create a platform for Nigerian owned financial services companies to grow whilst empowering and creating job opportunities for Nigerian youths.

SANEF in partnership with NSIP National Social Investment Programme will onboard 200,000 Npower graduates as SANEF agents under the approved SANEF licensed Super Agents while accomplishing Npower’s target to enhance and improve the livelihood of a critical mass of young unemployed Nigerians.

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