Shared Agent Network Expansion Facility (SANEF) Registration for Npower Beneficiaries 2021

SANEF is an initiative of the Central Bank of Nigeria (CBN), supported by Deposit Money Banks (DMBs), Nigeria Inter-Bank Settlement Systems (NIBSS) and Licensed Mobile Money Operators/Shared Agents.

According to N-Power exit strategy document, at least 200,000 former N-Power beneficiaries will be on boarded on a scheme known as the Shared Agent Network Expansion Facility (SANEF) while at least 30, 000 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.

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According to N-Power exit strategy document, at least 200,000 former N-Power beneficiaries will be onboarded on a scheme known as the Shared Agent Network Expansion Facility (SANEF) while at least 30, 000 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.

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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 NSIP will onboard 200,000 N-Power graduates as SANEF agents under the approved SANEF licensed Super Agents, while achieving N-Power’s objective to improve the livelihood of a critical mass of young unemployed Nigerians.

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Requirements for the SANEF Programme 2021

Requirements for the SANEF programme include the

N-Power certificate;
Bank Verification Number;
Bank account number;
Duly completed agent enrolment form from operator;
Proof of identity, among other documents.

According to the Senior Special Assistant to the President on Agriculture, Dr Andrew Kwasari, “over 30,000 former N-Agro beneficiaries have been enlisted and deployed to Local Government Areas across the country for the mapping of farmlands and enumeration of farmers under the Mass Agric programme.

They are being supervised by the agricultural development officers in the Local Government Areas, he added.

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Speaking on the third programme for the former N-Power beneficiaries, a ministry official who explained the plan noted that the micro-enterprise initiative, the third programme under the exit strategy, is one where exited N-power beneficiaries are offered the option of applying for a proposed GEEP loan to fund their small businesses.

Joint collaboration is encouraged to form registered cooperatives in line with earlier established GEEP loan requirements.