FG Finally Agrees to Give ₦20,000.00 Loan Grant to 1000 Youths – Apply Now!

FG Finally Agrees to Give ₦20,000.00 Loan Grant to 1000 Youths – Apply Now!

This is to notify our readers and other relevant individuals that a four-day training programme has been opened in the Federal Capital Territory and the North Central states to establish beneficiaries in Mobile Cash transactions.

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Sadiya Umar Farouq, Minister of Humanitarian Affairs, Disaster Management, and Social Development, launched the training on Thursday at the International Centre for Women’s Development in Abuja.

In her keynote speech, the Minister stated that the Federal Government has paid greater focus to highlighting the sufferings of the country’s poor and vulnerable, which notified the decision to establish the National Social Investment Programme (NSIP) as a strategy for improving social inclusion.

Minister Umar Farouq also stated that the Mobile Money Agents’ Training Programme aims to empower women and youth and develop their competencies so that they can work as registered mobile money agents.

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“The teaching we are launching today will enable efficient and less costly to fulfill the minimum technical and business needs for becoming mobile money agents, as well as improve their entrepreneurial skills for fruitfully starting and managing mobile money businesses.”

“Upon completing the training, the target trustees will be enrolled with the Shared Agency Network Expansion Facility (SANEF) as Mobile Money Agents and will be provided with Start-up Kits that include a POS Machine, Fingerprint Scanner, Furniture (chairs, tables, and umbrellas), as well as a modest capital of N20,000.00.”

The Minister also expressed gratitude to Shared Agent Network Expansion Facilities SANEF for their support and contributions to the programme.

“Once the training is completed, this will allow for the registration and onboarding of target beneficiaries.” We also appreciate the support and contributions of other stakeholders to the realisation of Mr. President’s vision of lifting Nigerians out of poverty.

“We hope that it will also improve NSIP integration by allowing target beneficiaries to join the network of agents providing financial-related services under other components of NSIP, particularly the conditional cash transfer and the grant for vulnerable groups, as well as in target beneficiary enumeration and enrollment.”

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Later, the minister made a symbolic presentation of POS machines, umbrellas, fingerprint scanners, furniture, and a 20,000 Naira start-up capital to some of the recipients.

Mrs Ronke Kuye, Chief Executive Officer of SANEF Limited, thanked the Minister for the partnership in her goodwill message, adding that SANEF’s key objectives include Agent Expansion, Stakeholder Engagement, Financial Literacy and Awareness. Mrs. Kuye stated that the goal of the intervention programme is to empower citizens while also providing jobs and a means of subsistence for citizens.

“This collaboration with the Federal Ministry of Humanitarian Affairs, Disaster Management, and Social Development will serve as a powerful elixir to further deepen and expand Financial Inclusion through Agent Banking to the underserved and unserved, as well as the last mile distribution to previously unreached hinterlands.” Our role in providing Financial Literacy Training and Awareness to participants before they are on-boarded as Agents is critical because it allows the participants to learn the fundamentals and dynamics of what they are about to become a critical part of.

“We are proud to be a part of such unique partnerships that resonate as major positives in the drive to bring greater development to our communities.”

The programme is expected to provide job opportunities for 1,850 youths drawn from the 36 states and the Federal Capital Territory, as well as to promote financial inclusion by providing financial services to underserved Nigerians.

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The Mobile Money Agents Programme was launched in 2020 to support President Buhari’s social inclusion agenda, which is consistent with the President’s vision of lifting 100 million Nigerians out of poverty in ten years. Dr Umar Bindir, the National Coordinator of National Social Investment Programmes, the National Coordinator of Conditional Cash Transfer, Mrs Chinwendu Amba, the NSIP Focal Person for the FCT, and other dignitaries were in attendance.

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