Latest Nasims News on NPower Payment, Deployment & Nexit Loan Disbursement: Read Full Article
Here is the latest update concerning Nasims News on NPower Payment, Deployment, Nexit Loan disbursement and other related Npower issues that you need to know. Please kindly read through this page to avoid missing any Npower important information. Continue Reading
We are pleased to inform all NPower batch C beneficiaries that the Federal Government of Nigeria through the National Social Investment Management System (NASIMS), has finally initiated the payment of NPower August and other pending month Stipends.
In a bid to put smiles on the faces of Npower Batch C stream 1 beneficiaries, following the delay in their NPower August stipend payment, the National Social Investment Management System (NASIMS), has announced that the process for the Npower August stipend payment has commenced.
According to reports, Nasims the management of Npower stated that they are very much aware of the August long pending payment and that it was caused due to congestion of routines.
The Management assured all Npower batch C stream 1 beneficiaries of the processing and crediting of accounts in a shortage possible time after the sort of congestion.
Note, the payment of Npower batch C stream 1 beneficiaries ends this year in the month beneficiaries started in 2021. If there will be an extension, Npower management will let the beneficiaries know about the development.
Npower August Stipends Payment Begins for all Batch C Beneficiaries
The August stipends payment seems like the final Payment to the batch C 1 beneficiaries, though they are optimistic and hoping that the management of Npower will extend their exit period beyond August. But Npower has not said anything significant regarding the extension!
Nasims however, said that they appreciate the beneficiaries’ patience so far during this moment of delay.
Nasims has been working to see that all payment issues are being attended to. So wait patiently for your August payments.
This shows that the management of Npower are working hard in making sure that all outstanding payments of the stream 1 beneficiaries are cleared accordingly as they prepare for the payment of the newly deployed Batch C stream 2 beneficiaries.
All Npower Batch C Stream 2 will soon start smiling as their payment would soon be initiated and all beneficiaries would start receiving their monthly stipend as supposed.
Congratulations! to you all.
NPower PPA Related Issues
Please note, our technical team is working to resolve all PPA-related issues, please be calm.
Meanwhile, the deployment process is still ongoing, you will resume only when posted to a PPA, which we expect to be sooner than later.
Once the placement is done by the focal person, the posting will be uploaded on your Nasims dashboard under the deployment tab. Your deployment letter will be posted on your dashboard too.
Latest News on Nexit Loan For Npower Batch A&B
Npower has assured all batch A and B beneficiaries that the updates on NEXIT Loan will be coming to Npower beneficiaries in a short period of time.
The beneficiaries of Npower batch A and Npower batch B who have confirmed their NEXIT training will be contacted when the list reaches the NEXIT training operators across the country.
The reason why NEXIT training has not started for the second part is not only because of the NEXIT training, Npower has not yet sent the list to the NEXIT training operators.
According to the first part of the NEXIT training, all business plans have been received from the Central Bank of Nigeria, but the NEXIT loan process has not yet started, the NEXIT loan will be processed only after the second part of NEXIT.
Note, the NEXIT training has been completed and currently the second phase of NEXIT training has not started, and this is the reason why the NEXIT soft loan has not been implemented.
RECOMMENDED: NIRSAL Microfinance Bank Non-Interest Loans
Npower batch A and B beneficiaries are expected to receive a soft loan of up to ₦3,000,000 if they qualify.
NEXIT loan will be given to all Npower beneficiaries equal to the final loan amount included in the business plan and at the discretion of the Npower beneficiary business.
NASIMS Updates C2 Beneficiaries On Deployment Process
The National Social Investment Management System (NASIMS) has released a new update regarding the Batch C stream 2 Deployment process which is about to commence.
According to NASIMS: “The Ministry is working with the state Focal persons to avoid posting beneficiaries to PPA’s far-off their place of residence.
Consequentially, the Posting process will begin with your state focal person after which N-power will finalize the process.
Kindly wait until you are contacted by your focal person.
Kindly note, Nobody has been posted yet as the deployment process is still ongoing.
Please, keep observing your self-service portal regularly if you are a beneficiary for updates.
Nasims
ATTENTION: Npower Batch C2 Beneficiaries, Please be informed that your state focal person is responsible for your PPA placement and this is done manually, after which deployment will commence. Until then, please be calm as all beneficiaries will be deployed. Thank you.
This update given by Nasims is to clarify the deployment letter of the Npower batch C stream 2.
Recall that the posting of the stream 2 Npower beneficiaries has commenced and the PPA of beneficiaries is been added on the Nasims portal gradually.
