In today's latest Npower news - Nexit update - According to the information reaching us, Volunteers will have to wait for a little longer as FG Sources Fund for Nexit Programme to begin.
Disengaged volunteers of the Npower programme will have no other choice but to wait a little longer as the Federal Government sources for Funds to finance the Nexit package.
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This was disclosed on Good Morning Nigeria on NTA international, it was clearly stated that FG is massively sourcing funds, to finance the Nexit CBN loan package for all interested volunteers.
Npower Batch C is already captured in 2021 main budged but the funds for Nexit is in the supplementary budget, which will be financed by the external borrowing.
FG Seeks $6.183billion (N2, 343,387, 942,848.00) to finance the 2021 budget deficit. The Npower disengaged volunteers and the incoming batch c will smile soon as the Federal Government intensify the effort to boost social spending to reduce unemployment and reduce poverty.
The budget deficit mostly encompasses the FG's wealth creation and poverty elevation programme, if the fund is mobilized, more of these programmes would surface.
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The over 350,000 Survival fund beneficiaries, the 1,000,000 Npower Batch C applicants, the Nigeria Youth Investment Youth Programme, AGSMEIS programme and many others FG programmes would be more lively when the external loan is secured.
“President Muhammadu Buhari, on Tuesday, urged the Senate to approve a new external loan of N2, 343,387, 942,848.00, about $6.183billion, for the Federal Government to finance the 2021 budget deficit.
Senate President Ahmad Lawan read Buhari’s letter of request on the floor of the Senate at plenary” Apparently, the Federal Government is seeking for funds, to execute the Nexit loan.
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