Latest Update On Nexit Loan Disbursement/Backlog of Npower Batch A & B – The Npower disengaged volunteers and the incoming batch c will smile soon as the Federal Government intensify effort to boast social spending to reduce unemployment and reduce poverty. The Federal Government is borrowing another $6.183billion (N2, 343,387, 942,848.00) to finance the 2021 budget deficit .
Latest Update On Nexit Loan Disbursement/Backlog of Npower Batch A & B
FG Sources Fund-NTA said” Disengaged volunteers of the Npower programme will have no any other choice but to wait a little longer as the Federal Government sources for Funds to finance the Nexit package
This was disclosed on Good-Morning Nigeria on NTA international, it was clearly stated that, FG is massively sourcing for 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.
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The 2021 budget deficit encompasses items of recurrent expenditures and few capital projects. If this borrowing goes according to plan, Nigeria’s external debt will rise by N33 Trillion- DMO
The budget deficit mostly encompasses the FG’s wealth creation and poverty elevation programme, if fund is mobilized, more of these programme would surface
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
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“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
Let us wait and pray it come to pass. I believed one day our account will start smiling.
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