According to Npower News, the National Chairman comrade Muhammad Habibu Abubakar and the National Vice Chairman Idris Sani have written a letter to former Vice President of Nigeria, Alhaji Atiku Abubakar over the non payment of 9-12 months stipends being owed beneficiaries of Npower batch c.
An original copy of the letter is shown below:
Source: https://www.facebook.com/share/p/kKUixQtwwqzsh7P6/?mibextid=qi2Omg
President Bola Ahmed Tinubu has approved ₦35,000,000,000 for the take – off of the student loan scheme.
So far, seventy thousand applications have been approved by the Nigerian Education Loan Fund (NELFUND).
Another fifty thousand applications are currently being evaluated and would be approved within one month.
The figures were exclusively obtained from sources in NELFUND.
According to the Managing Director/Chief Executive Officer, NELFUND, Dr. Akintunde Sawyerr, the student loan will be disbursed based on the timetable and calendars of the academic session of each institution.
Dr. Akintunde Sawyerr, said: “The funds will be disbursed based on the timetable and calendars of the academic session of each institution. The portal for students to apply for the loan opened on May 24, 2024.
“The portal will be permanently open because institutions don’t have a uniform calendar,” Dr. Akintunde Sawyerr, said.
No fewer than 1,200,000 students are expected to benefit from the student loan scheme of President Bola Ahmed Tinubu's administration.
Applicants are required to provide their Joint Admissions and Matriculation Board (JAMB) letter, National Identification Number (NIN), and Bank Verification Number (BVN) to apply for the student loan.
Students in Federal Government-owned tertiary institutions will be the first batch of beneficiaries of the student loan scheme.
Students from state-owned tertiary institutions will benefit from the student loan scheme too.
The Nigerian Education Loan Fund (NELFUND) said it would start receiving student loan applications from students in state-owned tertiary institutions from June 25, 2024.
The student loan, which is an equivalent of the tuition fees of the benefitting students, would be paid directly to the students' institutions.
But stipends also known as upkeep student loans would be paid directly to beneficiaries on a monthly basis to assist students buy other things that can make them comfortable while pursuing their education.
The Nigerian Education Loan Fund (NELFUND), is working with one hundred and twenty six tertiary institutions on the student loan scheme.
The source said: “President Bola Tinubu has graciously approved ₦35,000,000,000 for the student loan scheme. The Nigerian Education Loan Fund (NELFUND) are awaiting disbursement of the student loan.
“About seventy thousand applications have been approved by NELFUND management. fifty thousand applications are currently being evaluated. These applications will be approved within 30 days.
“We receive an average of one thousand five hundred applications a day.
“Mr President has provided enough funds to accommodate every Nigerian student who desires the loan.”
President Bola Ahmed Tinubu on April 3 signed into law the bill on the student loan scheme in line with his electoral promise that no Nigerian student would drop out of school on account of lack of funds.
According to the law, repayment of the student loan will start two years after the completion of the National Youth Service Corps (NYSC) programme.
The ambitious student loan scheme will be funded with 1% of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS).
Source: https://thenationonlineng.net/tinubu-okays-n35b-for-student-loan-scheme-take-off/
1) What is SMEDAN Select Programme about?
The SMEDAN Select Programme is aimed at empowering Micro Small and Medium Enterprises (MSMEs) in Nigeria. SMEDAN Select Programme provides support through capacity building, market access, networking, funding, and resources tailored to the needs of participating Micro Small and Medium Enterprises (MSMEs).
Eligible Nigerian citizens who own or manage Micro Small and Medium Enterprises (MSMEs) across various sectors can apply for the SMEDAN Select Programme, which offers opportunities for training, mentorship, market linkages, and other forms of assistance.
2) Who is SMEDAN Select Programme for?
SMEDAN Select Programme is designed for Nigerian citizens who own or manage micro, small, and medium enterprises (MSMEs). SMEDAN Select Programme targets entrepreneurs seeking to grow their businesses and enhance their competitiveness in the market.
The SMEDAN Select Programme is open to individuals across various sectors, including agriculture, manufacturing, services, and technology.
3) What do I get?
Participants of this SMEDAN Select Programme receive benefits including access to capacity-building workshops, training sessions, and mentorship programs aimed at enhancing entrepreneurial skills.
Participants also gain opportunities for market access to local, regional and international markets.
Frequently Asked Questions Regarding The SMEDAN Select Programme
Q. What types of support are available through the SMEDAN Select Programme?
A. Support may include access to training and workshops, mentorship, market linkages, funding opportunities, access to technology and innovation, and other relevant resources tailored to the needs of participating Micro Small and Medium Enterprises (MSMEs).
Q. Is there a cost associated with participating in the SMEDAN Select Programme?
A. SMEDAN Select Programme typically strives to make its programmes accessible to Micro Small and Medium Enterprises (MSMEs) at minimal or no cost. However, participants may need to cover certain expenses such as travel and accommodation if required for participation in specific activities.
Q. How are participants selected for the SMEDAN Select Programme?
A. Selection processes may vary but are often based on criteria such as business viability, innovation, growth potential, and the impact of the business on the economy. Applicants may be required to submit business plans, undergo interviews, or participate in other assessment activities.
Q. What happens after I am selected for the SMEDAN Select Programme?
A. Selected participants typically undergo various training sessions, workshops, and other capacity-building activities designed to enhance their skills and capabilities. They may also receive support in accessing markets, funding, and other resources to help scale their businesses.
Q. How long does the SMEDAN SELECT Programme last?
A. The duration of the SMEDAN Select Programme may vary depending on the specific edition and activities involved. Participants are usually provided with detailed timelines and schedules upon selection.
Q. How can I apply for the SMEDAN Select Programme?
Information on how to apply for the programme, including application procedures, deadlines, and requirements, is usually provided through official SMEDAN communication channels such as their website, social media platforms, or designated application portals. Visit here https://smedan.gov.ng/our-programs/ssp/ to apply.
Take the first step towards growth by registering your interest for the SMEDAN Select Programme.
According to Npower News regarding Betta Edu the former Minister for Humanitarian Affairs and Poverty Alleviation, traders in Lagos State, as well as women, youths, and religious leaders, have appealed to President Bola Ahmed Tinubu to reinstate the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu. The suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, has warned of potential legal action against the British Broadcasting Corporation (BBC) for purported defamation of character.
According to Npower News, the Economic and Financial Crimes Commission (EFCC) has disclosed that it has recovered ₦30,000,000,000 from the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu.
The House of Representatives has urged the Federal Government of Nigeria to speed up its investigation into the suspended Minister for Humanitarian Affairs and Poverty Alleviation, Betta Edu. The fate of the suspended Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu remains uncertain following her suspension.
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