It seems the year 2021 will be another year of hope for the entire disengaged N-Power beneficiaries as former beneficiaries who have concluded the two-year job programme will now be able to access permanent job opportunities or business prospects in line with the N-power exit strategy now activated by the Federal Government, as two-hundred-thousand beneficiaries will be engaged as financial services operators under a Shared Agent Network Expansion Facility (SANEF) scheme operated by the Central Bank of Nigeria under the plan.
Afriupdate reports that another thirty-thousand have already been engaged as geospatial experts and enumerators in the Economic Sustainability Plan’s Mass Agric programme while several others will have the option of benefiting from the GEEP micro-enterprise loans.
According to N-Power exit strategy document, at least two-hundred-thousand former N-Power beneficiaries will be onboarded on a scheme known as the Shared Agent Network Expansion Facility (SANEF) while at least thirty-thousand others would be deployed for the Mass Agric programme, a component of the Economic Sustainability Plan (ESP), and another number will be given opportunities to improve or start new businesses under a micro-enterprise initiative.
The SANEF scheme is a project powered 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 with the primary objective of accelerating financial inclusion in Nigeria.
According to the plan, the project will among other things create a platform for Nigerian owned financial services companies to grow whilst empowering and creating jobs for Nigerians. SANEF in partnership with N-SIP will onboard two-hundred.
The N-Power is the Muhammadu Buhari administration’s unemployment easing initiative which it prides as one of the largest post-tertiary job schemes in Africa.
Roughly 500, 000 graduate beneficiaries who earned a monthly stipend of N30, 000 (approximately 79 US Dollars) were exited in July 2020.
As at the time of publishing this report, the Ministry supervising the famed scheme, Humanitarian Affairs, has announced nothing concrete as regards the transition plan for these exited Nigerian youths.
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