FG, CBN creates SANEF to engages former N-Power Beneficiaries

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Former beneficiaries of the N-Power scheme can now access job opportunities created for members of the scheme, the federal government has announced.

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq, who disclosed this at the 4th annual review of the Home Grown School Feeding Programme (NHGSFP), said this will start with an agent network in partnership with the Central Bank of Nigeria (CBN).

The minister, who clarified that the beneficiaries that are eligible are Batches A and B of the scheme, announced that the N-Power job plan will see 200,000 beneficiaries employed as operators of the Shared Agent Network Expansion Facility (SANEF) scheme operated by CBN.

”Plans have been concluded for the transition of the N-power Batch A and B through the creation of the NEXIT portal, which would allow those who choose to sign up to access other government empowerment opportunities,” Farouq said.

According to her, 30,000 other beneficiaries would be employed through a Mass Agric Programme, a part of the Economic Sustainability Plan (ESP).

The SANEF is a programme that aims to boost financial inclusion in Nigeria operated by the CBN, Deposit Money Banks, Nigeria Inter-Bank Settlement Systems, Chattered Institute of Bankers of Nigeria, Licensed Mobile Money Operators, and Shared Agents.

It would be recalled that the Ministry of Humanitarian Affairs, Disaster Management, and Social Development had in November 2020, announced the launch of a portal enabling exited N-Power beneficiaries to apply for CBN empowerment options.

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