200,000 former N-Power beneficiaries will become SANEF agents
According to TheCable, the Nigerian government has activated an exit strategy for the beneficiaries of the N-Power initiative, who have completed a two-year work program.
According to the plan, 200,000 beneficiaries will be employed as financial service operators under the SANEF (Common Agent Network Expansion Facility) scheme operated by the Central Bank of Nigeria.
An additional 30,000 people have already been recruited as geospatial experts and enumerators in the Mass Agriculture Program of the Economic Sustainability Plan, while many more will benefit from GEEP microenterprise loans.
Sadia Farouk, Minister of Humanitarian Affairs, Disaster Relief and Social Development, confirmed the activation of the exit strategy for Lots A and B of the N-Power scheme during the fourth Annual Home School Feeding Program (NHGSFP) review.
“The plans to hand over the N-power A and B lots have been completed by creating a NEXIT portal that will allow those who choose to sign up to access other government empowerment opportunities,” he explained.
“It is expected that in 2021 a beneficiary management system for the NSI will be implemented, which will be able to manage payments, handle complaints and improve the dissemination of information.”
The SANEF Scheme is a project sponsored by the Central Bank of Nigeria, deposit money banks, Nigeria’s interbank settlement systems, Nigeria’s Certified Bankers Institute, licensed mobile money operators and general agents with the primary goal of accelerating financial inclusion in Nigeria.
According to the plan, the project will create a platform that will allow Nigerian financial services companies to grow, empower and create jobs for Nigerians.
SANEF will partner with NSIP to recruit 200,000 N-Power alumni as SANEF Agents under SANEF Authorized Super Agents.
Under the program, beneficiaries will receive training in several areas, including customer service, transaction settlement, liquidity management, anti-money laundering, among others, while the government will facilitate the initial funding of the program for each beneficiary. …
SANEF program requirements include N-Power certification; bank verification number; Bank account number; agent registration form, duly completed by the operator; identity card among other documents.
A second exit strategy already underway is to use former N-Agro beneficiaries for the Mass Agriculture program as geospatial experts and enumerators. The aim is to involve beneficiaries in geographic mapping of agricultural land and counting farmers across the country to participate in the program.
The mass agriculture program is an integral part of the Economic Sustainability Plan, designed to attract farmers.
According to Andrew Kwasari, Senior Special Assistant to the President for Agriculture, “More than 30,000 former N-Agro beneficiaries have been recruited and recruited by local governments across the country to map agricultural land and count farmers for the mass agriculture program.”
Speaking of the third program for former N-Power beneficiaries, the ministry official who explained the plan noted that the Micro-Enterprise Initiative, the third program under the exit strategy, is the one that offers N-Power Exited the opportunity to apply for a proposed GEEP loan for funding your small business.