18 Jun 2024

All Technical Issues Resolved on Student Loan Portal, Students Can Reapply For Student Loan - NELFUND

The management of the Nigerian Education Loan Fund (NELFUND) has advised applicants facing difficulties to reapply for the student loan, adding that all technical issues affecting the NELFUND Student Loan Application portal have been resolved.


This is contained in a statement issued by NELFUND on its X (formerly Twitter) account on Monday.


NELFUND, the body in charge of the student loan initiative, said students can either reapply or proceed with the student loan application process on the NELFUND student loan application portal.


NELFUND also added that student loan applicants may have received an SMS text or email from the organization, advising them to reapply for the student loan.


“NELFUND Student/Applicants


“If you have encountered challenges with the application process, please check back into either re-register or continue the application process.


“The technical issues have been resolved.


“You may also have received an SMS or email from NELFUND calling you to try again.


“If you are successful when you retry, please let us know. If not, please reach out to us,” the statement on Twitter reads.


The Nigerian Education Loan Fund (NELFUND)


The Nigerian Education Loan Fund (NELFUND) was established under the revised Student Loan Act of 2024 to provide interest-free student loans to Nigerian students pursuing higher education, vocational training, and skill development programs.


In an earlier statement, the managing director of the Nigerian Education Loan Fund (NELFUND), Dr. Akintunde Sawyerr, directed all students to log into the NELFUND student loan portal through www.nelf.gov.ng and create an account using their existing credentials.


According to Dr. Akintunde Sawyerr, applicants will need to provide various documents, including their JAMB admission letter, NIN, BVN, personal details, academic information, and financial needs.


Dr. Akintunde Sawyerr stressed the importance of ensuring the integrity of the student loan application process, stating that measures are in place to verify applicants’ eligibility and prevent fraud in the student loan application process.


The Nigerian Education Loan Fund (NELFUND) also released step-by-step ways to apply for the student loan immediately after the student loan launch in May.


What you should know about the student loan 


The revised Student Loan Act 2024 was established to remove financial barriers and financial burdens and make education more accessible to all Nigerian students, regardless of their economic background.


The primary sources of funding for NELFUND include a percentage of taxes, levies, and duties collected by the Federal Inland Revenue Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service, amounting to 1% of their total revenues.


Additionally, NELFUND will receive contributions from the profits generated by the government’s natural resource exploitation, education bonds, endowment fund schemes, and donations from individuals and organizations.


The student loan cover tuition, fees, and maintenance costs. The repayment process of the student loan starts two years after the beneficiary completes the National Youth Service Corp (NYSC) program.


Source: https://nairametrics.com/2024/06/18/student-loan-nelfund-says-all-technical-issues-resolved-on-site-asks-students-to-reapply/

Npower News June 18 2024

According to Npower News today June 18 2024 a handle on x (formerly Twitter) known as the  Renew Hope Beneficiary said: "Payments of outstanding NPOWER backlogs will commence soon. Volunteers will soon receive their 8 months' stipend either in bits or in full.

No fix date yet." 


Although the above statement sounds contradictory and was not backed with evidence, we will continue to monitor the status of Npower payment and will continue to provide beneficiaries of Npower batch c with authentic and factual information online.


According to Comrade Mustapha Ali a young politician, Npower payment is expected to start before the end of this month or by early next month. Beneficiaries of Npower batch c have said that they will stage a protest if they do not receive their payment by June.

FGN Grant: FGN ALAT Programme, Participants Anticipate Opportunities Including Access To Federal Government Grants, And Other Funding Opportunities


Launched September 29, 2023, the FGN ALAT Digital Skillnovation Programme otherwise known as the FGN Grant has presented itself as a beacon of opportunities and empowerment to the teeming jobless youths.


The fgn alat initiative, aimed to position the country to be able to create global opportunities, kicked off with a virtual training on November 27, 2023. It offers a diverse array of courses tailored to meet the evolving needs of Nigerian youth and Micro Small and Medium Enterprises (MSMEs).


With a vision to train 2,000,000 Nigerian youths and one million Micro, Small and Medium Enterprises, the fgn alat programme quickly gained momentum, attracting over three hundred thousand participants virtually from all thirty six states of the federation.


Meanwhile, at the heart of the FGN ALAT Digital Skillnovation Programme lies its commitment to delivering comprehensive virtual training and online courses. Utilising state-of-the-art technology and inventive educational methods, participants engaged in immersive learning experiences from the comfort of their homes.


Interestingly, the digital transformation facilitated by the fgn alat programme otherwise known as the FGN Grant extends beyond individual empowerment to impact the broader economy. By embracing digital technologies and practices, businesses and industries become more efficient and productive, leading to enhanced competitiveness on the global stage.


Increased efficiency translates into higher productivity levels, cost savings, and improved service delivery across various sectors, ranging from finance and healthcare to agriculture and manufacturing. As the FGN ALAT programme continues to expand its reach and influence, it holds the promise of ushering in a new era of prosperity and progress for Nigeria, where digital innovation fuels economic development and transforms lives for generations to come.


According to the organisers of the training, the intakes known as FGN Cohort 1, participants in Cohort 1, have gained invaluable experiences and insights, navigating through immersive virtual training sessions and engaging in diverse online courses.


Their journey has been characterised by a commitment to growth, collaboration, and excellence, with participants hailing from diverse backgrounds and industries.


Participants in FGN ALAT Cohort 1 have praised the FGN ALAT programme for its superb training delivery and transformative impact on their personal and professional growth.


From budding entrepreneurs exploring the intricacies of digital marketing to seasoned professionals honing their skills in cyber security and software development, FGN ALAT Cohort 1 represents a vibrant tapestry of talent and ambition.


As they prepare to transition to the next stage of the FGN ALAT programme, participants eagerly anticipate the opportunities that lie ahead, including mentorship, access to federal government grants, and other funding opportunities.


The participants believed that the FGN ALAT Digital Skillnovation Programme stands as a beacon of hope and opportunity in Nigeria’s digital landscape.


With its innovative approach to virtual training and online courses, the FGN ALAT programme continues to empower participants to unlock their full potential and thrive in the digital economy.


Meanwhile, the Minister of Labour and Employment, Dr Nkeiruka Onyejeocha, called on Nigerian workers to prioritize national growth and development, noting that their contributions are crucial to the nation’s progress.

A facilitator with the Nigerian Economic Summit Group, Dr, Ikenna Nwosu, opined that training and empowering the unemployed youth was the surest way of reducing unemployment in the country.


“It would create employment that is number one and it will create income for the youths it will also reduce crime. Because if you have a productive mindset you won’t go and involve yourself in criminal activities, you won’t be an armed robber, criminal, area boy or a fraudster even kidnapper,”


According to Nwosu, the FGN ALAT programme would create more social cohabitation and it would reduce crime.


“It would create inclusion when you train women; you would empower them to have an income and not rely on men or even prostitution. So, it creates inclusion and empowerment.


“You know that 65% of our population is made up of youth, according to the National Bureau of Statistics.


“So, if you train as many as possible you would be doing Nigeria a lot of good and it would ultimately drive revenue generation for the government. Because when they are into productive venture then you can ask them for their income. So that is revenue generation for the government then income for them,” he said.


Also, an economist, Professor Akpan Ekpo, stated, “If you train them and empower them to start their own business, it would help. But if you just train them and leave them like that, you just increase the unemployment again.”


Professor Akpan Ekpo, urged the federal government to ensure that those trained are employed or empowered to start businesses. “You should train them and give them jobs or train them and empower them to start their businesses it would help because the unemployment rate is very high about 60% or more. So, it will help.”


However, celebrating the achievements of FGN ALAT Cohort 1, and with a renewed focus on redoubling the FGN ALAT program’s efforts to drive digital empowerment and innovation across Nigeria, here are some testimonials from participants representing various profiles and courses within the FGN ALAT programme.


A working-class professional studying Business Management, Stanley Onah, noted, “This course has opened my eyes to venturing into any business without proper knowledge of the dos and don’ts in it. Applying what I have learned during the course has significantly improved my current business, and I want to express my appreciation to the organisers of this beautiful programme.”


Ibrahim Salisu, who is delving into cybersecurity and software development, reflected on his journey, “I have learned various experiences in this journey, especially in cybersecurity. This programme has helped me gain access to computer networking and has given me a lot of experience.”


A job seeker, Ismalia Ahmad, highlighted her personal and professional growth, stressing that she had developed the way she learned and interacted with others.


“During my time as a student, I have developed the way I learn and interact with others. This maturity has made a tremendous impact on my life, and I continue to grow with each interaction. I am now more focused and determined in my pursuit of professional studies,” Ismalia Ahmad said.


Another participant, Mohammed Ali, seeking employment, expressed his gratitude for the FGN ALAT programme.


“With this programme, I have acquired important skills and experiences that have made me more self-reliant. Thank you for allowing me to be part of this important journey,” Mohammed Ali, said.


Most entrepreneurs and aspiring business owners stress the significance of understanding the needs of customers.


For Titilola Okusolubo, who is focusing on sales, she emphasised the significance of understanding customer needs.


“From the sales and marketing aspects, I have learned how to grow as a learner, a leader, and a problem-solver. Understanding customer needs and tailoring products accordingly has been a key takeaway for me,” Titilola Okusolubo said.


Adamu Mohammed, involved in pitch deck creation and fine-tuning, stated, “At its core, the programme aims to build a marketplace for entrepreneurs like me, providing digital skills that open doors to sustainable career development and expose small-scale business owners to funding and grants.”


Najib Ashiru Abdullahi, undergoing cyber security mentorship, reflects on the guidance received.


“Throughout the programme, I had the opportunity to be mentored by an experienced cybersecurity professional who provided valuable insights into industry trends, best practices, and career development advice. Their guidance helped me navigate complex challenges and develop resilience essential for thriving in this field,”


For Ngabili Gamache, advancing in UI/UX design, he believes that his experiences so far have been perspective-changing.


“Concepts of funding, investments, and entrepreneurship under the mentorship of one of the best in the industry have been revolutionizing for me. I look forward to continuing my learning journey and fulfilling the purpose of this superb experience,” Ngabili Gamache said.


Faith Afolabi, focusing on fashion, said, “I acquired full knowledge about the fashion industry, from business management to the business of fashion. The course impacted my life positively, and I am blessed to have taken it.”


Michael Agwu, who is into animation, expressed his excitement, “I have learned so much about animation, which I have desired to know due to the area of my profession. Thanks to the government for this opportunity.”


Pamela Chinenye, whose focus is digital marketing, reflected on her experience: “I was able to understand the managerial requirements needed to run and establish an organisation. Digital marketing helped me understand the value of using technology in advertising my business.”


According to Babakura Kaltumbe, exploring design has made him accumulate vast experiences working on a variety of projects.


“In terms of graphic design, I have accumulated vast experience working on a variety of projects. Throughout my career, I have honed my skills, allowing me to deliver visually appealing and effective solutions for clients. Design thinking has been instrumental in my creative process.”


The testimonials from participants of the FGN ALAT Programme have shown that the FGN ALAT programme is not just about acquiring skills, it is also about unlocking potential, fostering innovation, and shaping a brighter future for Nigeria.


The FGN ALAT programme has provided valuable learning experiences and opportunities for growth for people aiming to make impacts in different sectors of the economy. Through comprehensive training, mentorship, grants and funding initiatives, the FGN ALAT programme continues to empower participants to thrive in Nigeria’s evolving digital landscape, shaping a brighter future for themselves and their communities.

Source: Punchng

Reapply For Student Loan, Student Loan Application Portal Technical Issues Resolved - NELFUND

The Nigerian Education Loan Fund (NELFUND) has called on applicants facing difficulties and challenges on the NELFUND student loan application portal to reapply for the student loan, assuring that all technical issues and glitches affecting the NELFUND student loan application portal have been resolved.


Recall that applicants faced technical hitches on the student loan application portal while trying to register and apply for the student loan scheme which was launched by the President Bola Ahmed Tinubu’s administration to aid and provide students with academic funding and financial assistance to pursue their academic aspirations.


In a statement on its official X (formerly Twitter) handle on Monday, the Nigerian Education Loan Fund (NELFUND) advised students to reapply through NELFUND student loan portal.


“NELFUND Student/Applicants. If you have encountered challenges with the application process, please check back in to either re-register or continue the application process.


“The technical issues have been resolved. You may also have received an sms or email from NELFUND calling for you to try again.


“If you are successful when you retry, please let us know. If not, please reach out to us,” the Nigerian Education Loan Fund (NELFUND) said on X.


Source: https://leadership.ng/nelfund-asks-students-to-reapply-for-loan-says-portals-technical-issues-resolved/

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