Npower News 10th May 2024

According to Npower News today 10th May 2024, the National Coordinator of Npower said he has been receiving calls from beneficiaries saying that the news of Npower payment by June is fake, in response to this, the National Coordinator of Npower released a video clip (watch attached video below) in this video the Npower National Coordinator was seen countering this claim, the Npower national coordinator reemphasize that Npower payment to beneficiaries of Npower will start next month June and that the suspension of Npower will be lifted this month.

According to Npower News, the Npower national coordinator said that even other beneficiaries of the National Social Investment Programmes apart from Npower such as the National Homegrown School Feeding Programme will all receive their benefits. The Npower national coordinator said that yes, in the past the Presidency has fooled the beneficiaries of Npower, but not this time around, he said he does not post fake news. The Npower national coordinator also spoke about the federal government grant, he said that the federal government grant is ongoing and applicants for the federal government grant should be at alert and always monitor their phones for their federal government grant.

Npower News: Reinstate Betta Edu To Continue Renewed Hope Agenda On Humanitarian Affairs and Poverty Alleviation In Nigeria, Ijaw Youth Council (IYC) Begs Tinubu

According to Npower News, the need to continue President Bola Ahmed Tinubu’s Renewed Hope Agenda On Humanitarian Affairs and Poverty Alleviation in Nigeria has been advocated.

The National Body of Ijaw Youth Council(IYC) disclosed this in a press release signed by its spokesman, Comrade Bedford Berefa, after its monthly meeting, in Porthacourt, the Rivers State Capital.

The Ijaw Youth Council (IYC) said that Betta Edu has been a force to reckon with in President Bola Ahmed Tinubu’s administration, delivering on core mandate and the brief of her ministry, emphasizing that returning Betta Edu to continue her national assignment in the federal cabinet was a popular request.

“Following our investigations and general assessment of her stewardship, Nigerians , especially the poor and vulnerable, are calling for her reinstatement, and IYC joined in this popular call,”

“While we are not undermining the anti-graft Agency’s efforts to dig in full, what has been happening in the humanitarian affairs Ministry, it is clear that the enemy of the current administration is out to go after the faces of ‘first eleven’ of the Renewed Hope Team, where Betta Edu is visible and standing tall” Comrade Bedford Berefa added.

Continuing, the Ijaw Youth Council Worldwide said “According to Nigeria Bereau of Statistics (NBS), Poverty and Inequality in Nigeria” report, highlights that 40.1% of the total population, or almost 83 million people, live below the country’s poverty line.

“These statistics have increased significantly owing to the current hash economic realities and inflation rate of 33.2% in March 2024.

“The vulnerable and poor people are in high hope that President Tinubu will reach out them as part of renewed hope agenda to end Hunger,through a minister who can match words with action and visibility across the six geopolitical zones of the country.

“Dr Betta Edu within her four and half months in office, had a significant impact on the poor and vulnerable population irrespective of their locations.

“We use this medium to call on President Bola Ahmed Tinubu-led federal government,to as a matter of urgency reinstate Dr Edu. We observed that she attracted so much enemies within the ministry due to her cleanse operation which got some with soiled hands bittered about her result oriented approach in tackling the humanitarian and poverty alleviation issues in the country.

“The winch hunting was orchestrated by mischief makers who do not mean well for the Bola Ahmed Tinubu administration and because ,one of his poster girls is a young ,dynamic,energetic and result oriented minister from the South South region.

“Obviously, her suspension has exposed the intervention gap within the humanitarian and poverty Alleviation cluster in the country,”  Comrade Bedford Berefa concluded.

Source: https://sunnewsonline.com/reinstate-betta-edu-to-continue-renewed-hope-agenda-on-humanitarian-response-and-poverty-alleviation-in-nigeria-iyc-urges-tinubu/

Npower News: How To Apply For The Federal Government Student Loan

According to Npower News, the federal government student loan was established under the student loans (Access to Higher Education) Act, 2024 and signed into law by President Bola Ahmed Tinubu on April 3, 2024. The federal government student loan aims to guarantee sustainable higher education and functional skill acquisition and development for all Nigerian students and youths.

To apply for the Federal Government of Nigeria student loan, the applicant should follow the procedures below: 

Eligibility Criteria For The Federal Government Student Loan

1) The Federal Government Student Loan applicant must have a family with income of less than ₦500,000 per annum.

2) The Federal Government Student Loan applicant must provide 2 civil servants with not less than level twelve years in service or a Lawyer with at least ten years post-call experience; a Judicial officer; or a Justice of Peace as guarantors.

3) Federal Government Student Loan applicant with parents who have defaulted in respect of previous loans will not be disqualified.

3) The Federal Government Student Loan applicant must also not have defaulted on any previous loans or been found guilty of exam malpractice, felony, or drug/narcotics related offenses.

How to Apply For The Federal Government Student Loan

1) The federal government student loan applicant should visit the website of the Central Bank of Nigeria (CBN) and download the student loan application form.

2) Applicant should complete the federal government student loan application form correctly and make sure to enclose all the required documents.

3) The applicant should submit the federal government student loan application form and the correctly enclosed documents to the Student Affairs Office of his or her institution.

Required Documents For The Federal Government Student Loan Application

1) A completed federal government student loan application form

2) A copy of applicant's admission letter

3) A copy of applicant's JAMB result slip

4) A copy of applicant's WAEC/NECO result certificate

5) A copy of applicant's birth certificate

6) A copy of applicant's passport photograph

7) A guarantor’s letter of support from each of applicant's two guarantors

8) A copy of applicant's guarantors’ employment letter(s)

9) A copy of applicant's guarantor’s passport photographs

According to Npower News, applicants can apply for the federal government student loans to cover tuition and other fees payable to the school and maintenance allowance payable to the student, repayment of the federal government student loan by beneficiaries will not be initiated until two years after the completion of the National Youth Service Programme (NYSC).

A beneficiary of the federal government student loan may request an extension of enforcement action by the Fund by providing a sworn affidavit indicating that he/she is not employed in any capacity and is not receiving any income, salary or wages. There might be Federal government student loan forgiveness in the event of death or acts of God causing inability to repay the student loan.

The Nigerian Education Loan Fund will commence a pilot phase of the federal government student loan scheme with applicants from public tertiary institutions, including federal and state universities, monotechnics, polytechnics, and colleges of education.

The commencement date for the federal government student loan has not been set for the program.

Npower News: How To Apply For The Consumer Credit Sheme

The consumer credit scheme is civil servant at the Federal or State level. The consumer credit scheme Is for workers in the private sector with trackable wage or salary flows. The consumer credit scheme is for individuals having insufficient funds to meet their urgent needs like car, housing etc.

The Federal Government Consumer Credit Scheme will provide credits for most essential needs, with repayment spread over an extended period of time.

Deadline for the first phase of the scheme is Wednesday, May 15, 2024. To apply kindly visit http://creditcorp.ng and express your interest.

Npower News: FG Grant ₦50,000 To Beneficiaries

According to Npower News, the federal government of Nigeria is giving a non repayable FG grant of ₦50,000 to beneficiaries including beneficiaries of Npower that applied for the FG grant otherwise known as federal government grant to assist them in their micro, small, and medium enterprises (MSMEs). This federal government grant is aimed at helping various MSMEs. The target is to assist one million small businesses across the federation.

According to Npower News, this federal government grant is to assist in the growth and development of small businesses, individual business owners can expand their business by employing more people later.

This federal government grant is different from the federal government loan.

The federal government is giving out federal government grants of ₦50,000 to help the growth of various businesses across Nigeria. This article provides a comprehensive guide on everything you need to know about the program.

Federal Government Grant Amount

Each selected beneficiary will receive a federal government grant of ₦50,000 to help boost their business.

Federal Government Grant Application Deadline 

The federal government grant application period is now closed. 

Federal Government Grant Disbursement Timeline

Individuals who applied and were selected,  should expect to receive the ₦50,000 federal government grant by the end of May 2024.

Federal Government Grant Selection and Notification Process

The federal government grant selection process is completely computerized. This means there is no need to wait for individual contact. Once the applicant's National Identification Number (NIN) and Bank Verification Number (BVN) are successfully verified, the federal government grant will be disbursed.

According to Npower News, it is not everyone that will get the federal government grant, out of over three million six hundred thousand federal government grant applications, only one million businesses will benefit, which implies  This means not every applicant for the federal government grant will get the grant.

The verification of the federal government grant takes time, the process of checking each applicant’s details is ongoing and can take a while. Applicants yet to receive the federal government grant are implored to exercise patience as this is important as the federal government completes the verification process of the federal government grant.

According to Npower News, receiving the federal government grant may come with the expectation that you make your business formal, what this implies is that your business should be registered and have two or more workers as your business expands.

This federal government grant is different from the federal government loan the federal government grant sum is ₦50,000 which is not repayable while the federal government loan is ₦1,000,000 which is repayable.

The federal government grant is a part of the Presidency's commitment to assist micro, small, and medium scale businesses, which are the main ingredients of the economy. By providing the federal government grant to small scale businesses, the federal government believes that this would boost economic growth and development.