Npower News: 19 Achievements Of President Bola Ahmed Tinubu In The Humanitarian Sector Including Npower In Just Four Months

The following below highlights some major achievements of President Bola Ahmed Tinubu in the Ministry for Humanitarian Affairs and Poverty Alleviation including Npower:

1) Paid Conditional cash transfer of ₦25000 to 3,200,000 verified poor and vulnerable households in Nigeria. ( From CBN account directly to Beneficiaries account after verification and validation with NIN or BVN)

2) Flagged off Market-Moni 2.0, which is the expanded Government Enterprise and Empowerment Programme(GEEP), with the initial phase of 500,000 recipients getting ₦50,000 interest-free loans each, across the country in 109 markets of the 109 Senatorial zones in Nigeria. Market Sensitization and engagement of market women in rural areas.

3) Unveiled and handed over, 40 housing units for 200 people in Zamfara, ie 40 internally displaced families

4) Distribution of palliatives to over 500,000 internally displaced persons affected by the flood, insecurity, and humanitarian crises in Kaduna, Borno, Niger, Lagos, Ogun, Benue, etc

5) Construction of two very low-cost housing samples under Renewed Hope Shelter for the very poor and internally displaced persons, secured 10 hectares from Benue state government; and handed over to the Federal Government with foundation for 40 units already laid in Benue state, Nigeria.

6) Federal Government Grant for vulnerable groups (20,000) paid to over 43,000 verified with biometrics to very poor Nigerians. In various states across the country.

7) Signing and Adoption of the African Charter for the rights of persons living with Disabilities by President Bola Ahmed Tinubu.

8) Signing and adoption of the African Charter of Rights for Aged and old citizens By President Bola Ahmed Tinubu.

9) Verification of National social registration in collaboration with the World Bank for 15,700,000 poor and vulnerable Households amounting to over 62,000,000 individuals across the country.

10) Expansion of National social register to cover Ex-military service men and families of fallen heroes, widows, and other vulnerable groups

11) Free medical services for over 2000  with relief food items in Oko Agbo's riverine community in Lagos state

12) Federal Executive Council (FEC) Approval for the creation of a Humanitarian and Poverty Alleviation trust fund, which is expected to generate $5,000,000,000 to address Humanitarian crises and poverty Alleviation matters in Nigeria through donor assistance, Budgetary allocation, Philanthropic gestures, and other innovative forms of resource mobilization

13) Empowerment of over 25000 Nigerians with vocational skills in Adamawa and Cross River state with startup equipment and micro-business registration.

14) Strategic partnerships with the World Bank, United Nations Agencies like OCHA, European Union, UNICEF, UNDP, World Food Programs, Bill and Melinda Gate’s Foundation,  Red Crescent, etc to form a coordinated approach to solving humanitarian crises with durable solutions while contributing to the Trust Fund. Have secured commitments up to $250,000,000 for Nigeria.

15) Launched and empowered 100,000 persons Living with disabilities and approved 10% of all humanitarian and social investment interventions for persons living with disabilities. POS business and other Business registrations for beneficiaries.

16) Launched the Gazetted and simplified copy of the Disability regulation Law and called for states to domesticate the law across the country to protect the rights of people living with disabilities.

17) Npower Payment to Npower Beneficiaries; Three Hundred and Sixty Nigerian Youths benefited from the debt clearance owed by the past administration. Each of them received ₦30,000 in December 2023.

18) Collaboration of Federal government with the Swedish, Saudi Arabia, United Arab Emirates, United Kingdom, Canadian, Turkey, Morocco, and Netherlands governments and secured their commitments on areas of immediate support to Nigeria's Humanitarian crises in affected states.

19) Laid the foundation stone for the construction of 40 units of modern toilets for Alheri Leprosy Colony in Yangoji Kwali Area Council, of the FCT, Abuja.

https://x.com/AdaAnambra2023/status/1794265980794712140

How To Fix Some Issues On The Student Loan Portal

The Nigerian Education Loan Fund (NELFUND) has addressed recent complaints from some students who are encountering some issues when attempting to apply on the student loan portal.

The Nigerian Education Loan Fund (NELFUND) has addressed these issues on the student loan portal collectively as follows:

A) If a student’s school is not on the list of institutions, NELFUND has advised that the ICT department of the respective school, be contacted to reach out to NELFUND.

B) If a student’s JAMB number is not verifying, the student is instructed to contact his/her school to ensure their admission was supported by JAMB.

C) For students from state-owned institutions trying to apply for the student loan, NELFUND has explained that the rollout phase started only with federal institutions and therefore these students are advised to hold on for now.

D) If students cannot see any institution in the dropdown list, NELFUND suggests checking the internet connection and refreshing the browser.

E) If students are unable to verify their account via email, they are instructed to ensure that they entered the correct email address.

F) If a student’s matriculation number could not be verified on the portal, NELFUND has advised contacting the ICT department of his/her school to upload their records to the Students Verification System (SVS).

https://nairametrics.com/2024/05/25/nelfund-addresses-complaints-on-student-loan-portal-hours-after-launch/

Nigerian Education Loan Fund (NELFUND) To Disburse Student Loan Within 30 Days Of Approval

Applicants for the student loan will have their student loan disbursed within 30 days of approval of successful applications.

This is even as the much awaited student loan scheme started yesterday.

The student loan website (www.nelf.gov.ng), which went live at yesterday, is expected to benefit 1,200,000 students from Federal Government-owned universities, polytechnics, colleges of education and technical colleges in the first phase of the student loan scheme, while those of state-owned tertiary institutions will be announced soon.

The development comes as the National Association of Nigerian Students (NANS) has accused “several tertiary institutions” of failing to submit information of students to NELFUND to enable them apply for the student loan.

In a Frequently Asked Questions posted on the NELFUND official X handle yesterday, it was disclosed that part-time students and Direct Entry students without JAMB Numbers are ineligible to apply for the student loan.

While disclosing that the zero interest loan is open to new and existing full-time students in tertiary institutions, the agency said applicants for the student loan are required to input specific personal details that include name of institution of study, admission number, JAMB Number, Date of Birth, National Identity Number (NIN) as well as Bank Verification Number (BVN).

Applicants for the student loan are also expected to upload scanned admission letters for new students as well as student identification cards.

The new agency also clarified that no fee is required before the disbursements of the student loan.

“All full-time students are eligible for the loan but only applicants will benefit from the loan.

“NELFUND will disburse within 30 days of approval of successful applications,” it said.

On how the student loan repayment process works, NELFUND said: “Ten per cent of the beneficiary’s salary will be deducted at source by the employer. Self-employed beneficiaries are required to remit 10 per cent of their monthly profit to the Fund.

“You are at liberty to seek to repay beyond the statutory 10 per cent monthly repayment by your employers/by self if you are self-employed.”

At a Pre-Application Sensitisation Press Conference in Abuja on Monday, Managing Director/Chief Executive Officer of the Fund, Akintinde Sawyerr, had disclosed that one of the key features of the student loan is absence of physical contact between the student loan applicant and the Fund.

According to Akintinde Sawyerr, the student loan portal provides a user-friendly interface for students to submit their student loan applications conveniently.

Akintinde Sawyerr said only students whose institutions have completed and uploaded their students’ information on the student loan website would be eligible to apply for the student loan.

Akintinde Sawyerr, however, refused to reveal the number of institutions yet to submit students’ information, insisting that he would not engage in naming and shaming.

Meanwhile, the NANS has accused ‘several tertiary institutions’ of failing to submit information of students to NELFUND to enable them (students) apply for the student loan.

NANS President, Lucky Emonefe, made the allegation in a memo to all Students’ Union Government (SUG) Presidents, Chairmen of NANS Joint Campus Council as well as Zonal Coordinators of the association.

Lucky Emonefe called on the students’ leaders to prevail on the respective management of their institutions to comply with NELFUND directives, pointing out that any tertiary institution that fails to submit their students’ data to the Fund would be excluded from accessing the student loan.

Lucky Emonefe said: “Following a meeting with the management of NELFUND, we have been made aware that several federal universities are yet to submit their students’ data. This is hindering the processing of the Students’ Loan scheme in various ways.

“NELFUND management has hereby requested that the NANS urge the Vice Chancellors of these federal universities to comply with NELFUND’s directives and promptly submit their students’ data for upload on the NELFUND platform. This will enable the loan processing to commence as soon as possible.

“Please note that any federal university that fails to submit its data may be excluded from accessing the loan and NELFUND will not be held responsible.

“We urge all students’ union presidents and other student leaders, particularly those from federal universities to ensure that their school managements have submitted the necessary data to NELFUND. This will guarantee that no university is left out of the Students’ Loan scheme.”

https://guardian.ng/news/nelfund-to-disburse-students-loan-within-30-days-of-approval/

Over Three Thousand Seven Hundred Students From One Hundred And Twenty Six Institutions Apply For Student Loan

Not less than three thousand seven hundred and sixty four students from one hundred and twenty six institutions have applied for the student loan as of 7:27pm on Friday, informations gathered from the Nigerian Education Loan Fund (NELFUND) has disclosed.

No student loan have been disbursed yet as student loan applications are currently being reviewed.

To apply for the student loan, students need to visit the official student loan portal, nelf.gov.ng, complete the necessary forms, and submit required documentation.

However, the pressing issues hindering smooth student loan applications were prompting calls for immediate improvements to the student loan portal to ensure that students can secure the financial assistance and help they require for their education.

It would be recalled that the first phase of the student loan went live yesterday Friday 24th May, with the first prospective beneficiaries of the student loan being students from federal institutions across the country.

To address the challenges faced by students, the Fund through its official X page said, “NELFUND is aware that some students are facing challenges trying to apply on the student loan application portal. NELFUND have addressed some of the issues collectively as follows:

“If your school is not on the list of Institutions; Contact your ICT department to reach out to NELFUND. If your JAMB number is not verifying; contact your school to ensure your admission is supported by JAMB.

“If you are a student from any state owned institution who is trying to apply; hold on for now, rollout phase starts with only federal institutions.

“If you can’t see any institution in the dropdown list; please check your internet connection and refresh your browser.

“If you are not able to verify your account via email; ensure that you are entering the correct email address.

“If your matriculation number cannot be verified on the portal; contact the ICT department in your school to upload your records to the Students Verification System (SVS).”

The student loan website became active some minutes past 12 am on Friday 24th May.

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Npower News Today Friday 24th May 2024

According to Npower News today Friday 24th May 2024, a video has surfaced online, in this video a beneficiary of Npower was seen talking about Npower payment to Npower batch c beneficiaries, kindly note that this was said in Hausa language.

Recall that in previous videos, the Npower representative for the National Social of Npower had said that Npower payment will start by June and the suspension of Npower will be lifted this month.

Kindly watch attached video below

Video Credit: NPOWERTV 

Npower News: Federal Government Disburses ₦50,000 Through The Federal Government Grant

According to Npower News, the Federal Government of Nigeria, through the Federal Ministry of Industry Trade and Investment and Bank of Industry, is disbursing ₦50,000 federal government grant to micro small and medium enterprises across all 774 Local Government Areas(LGAs) through the federal government grant.

According to Npower News, applicants yet to receive the federal government grant are advised to exercise patience until the 31st of May when the final federal government grant disbursement will be made, applicants that applied after the federal government grant deadline will not receive the federal government grant, applicants that failed to update their NIN details will not receive the federal government grant, applicants that applied when the NIN column was not provided on the federal government grant portal and yet refused to update their NIN will not receive the federal government grant.

Video Credit: BOINigeria

Student Loan Application Portal Goes Live

The Frequently Asked Questions below is our attempt to answer common questions that the applicants may have regarding the student loan in a concise and simple to understand way.

 

Q. What is the Student Loan (Access to Higher Education) Act, 2024?

A. The Student Loan Act is an Act of the Parliament that makes it possible for Nigerian students to access zero interest loans to enable them pay for institutional charges and upkeep to any higher institution of their choice within Nigeria.

 

Q. Is the Student Loan the same as the Nigerian Education Bank?

A. No. The Student Loan Act has repealed the Nigerian Education Bank Act and established a framework for providing zero interest loans to eligible Nigerian students who desire to study at any institution of higher education.

 

Q. Who administers the student loan?

A. The student loan will be administered by the Nigerian Education Loan Fund (NELFUND), which is the body established by law to carry out the day-to-day activities of the Fund. It is headed by a Managing Director, appointed by the President of Nigeria, President Bola Ahmed Tinubu.

 

Q. Is the student loan open to all tertiary institutions?

A. The student loan is open to all public tertiary Institutions. The first phase of the student loan is open to only students studying or desiring to study in federal higher institutions in Nigeria. The other phases will be announced in due course.

 

Q. Who is eligible to apply for student loan under this Act?

A. Students who have secured admission into all Public Nigerian universities, polytechnics, colleges of education, or vocational schools, with a proof of admission that includes Name, Date of Birth, Admission, JAMB number, Matriculation number, and BVN.

All new and existing students within the institution above can apply for the student loan.

 

Q. Can a Direct Entry Student into higher institutions apply for the student loan?

A. Yes, but such student must have a JAMB number.

 

Q. Will the student loan be available for all students or only applicants?

A. All full-time students are eligible for the student loan but only applicants will benefit from the student loan.

 

Q.. How much student loan are students allowed to apply for?  

A. That would be determined by the institutional charge of each Institution. The student loan will cover the cost of institutional charges and upkeep if required by the student. The institutional charges will be remitted directly to the applicants’ institutions and the upkeep will be paid to the applicant on a monthly instalment basis.

 

Q. Will the applicant be required to make any payment before the student loan is disbursed?

A. No payment is required before the disbursements of the student loan.

 

Q. Is there an interest payable on the student loan?

A. Zero interest on the student loan.

 

Q. Is the student loan open to every student?

A. The student loan is open to new and existing full-time students in tertiary institutions.

 

Q. How are the student loan applications processed, and what is the disbursement timeline?

A. Applications are done online. Applicants are required to input specific personal details that include:

 

i. Name of Institution of study

ii. Admission Number

iii. JAMB Number

iv. Date of Birth

v. NIN

vi. BVN

 

Nigerian Education Loan Fund (NELFUND) will disburse within 30 days of approval of successful applications.

 

Q. Is there age limit for applicants of the student loan?

A. There is no age limit for applicants of the student loan.

 

Q. Who is responsible for the student loan repayment?

A. The beneficiary of the student loan is responsible for the repayment of the student loan.

 

Q. Is the student loan applied for only once?

A. The student loan will be applied for every academic session by the student.

 

Q. How do applicants for the student loan know their application is approved?

A. Applicants for the student loan will receive a notification and the status of the student loan application can be seen in the applicant’s profile on the student loan portal.

 

Q. When is the student loan due for repayment?

A. The student loan is due for repayment 2 years after the completion of NYSC.

 

Q. What happens if a beneficiary does not have job after two years post-NYSC?

A. The beneficiary of the student loan should notify Nigerian Education Loan Fund (NELFUND) by sworn court affidavit every 3 (three) months after two years post NYSC if still unable to gain employment.

Q. How can one apply for the student loan?

A. Applicants are to visit http://nelf.gov.ng to apply for the student loan.

Bank Of Industry (BOI) Rapid Loan For Micro Small And Medium Enterprises (MSMEs)

The Bank of Industry (BOI) Rapid Loan for Micro Small And Medium Enterprises (MSMEs) application is currently ongoing. 

Applicants having difficulties accessing the BOI application portal, should keep trying preferably at off-peak period when the traffic congestion on the portal has reduced.

Frequently Asked Questions About BOI Rapid Loan For MSMEs:

Q. Who is eligible to apply for the RAPID Programme? 

A. Duly registered Enterprises and Cooperative Societies operating in rural or economically disadvantaged areas of Nigeria are eligible to apply.

Q What types of businesses does RAPID support? 

A. RAPID shall provide support in value-adding activities excluding trading and farming. These include activities in manufacturing, agribusiness, processing, and other ventures contributing to economic diversification and job creation in rural areas.

Q. What financial support does RAPID provide?

A. Beneficiaries would be eligible for a loan of a maximum of ₦10,000,000 to acquire plants/machinery and raw materials for their day-to-day operations.

Q. What can the funds be utilized for? 

A. The funds can be used for term loans to purchase assets and equipment required for production and working capital for raw materials required for business operations.

Q. What is the interest rate of the loan? 

A. The facility is given at a 5% per annum interest rate (all-inclusive).

Q. What are the repayment terms for RAPID loans?

A. Repayment is typically monthly or in line with the business cycle where expedient. The average tenor for loans is three (3) years, including a three (3)to six (6)-month moratorium period from the date of loan disbursement.

Q. How can I apply for the BOI RAPID Loan Programme?

A. Interested applicants can apply online through the BOI RAPID loan application portal https://rapid.boi.ng

5 Steps To Apply For Student Loan

 

Creating An Account For The Student Loan Application

Step 1: Applicant for the student loan should visit http://nelf.gov.ng

Step 2: The applicant should click click on the "Apply Now"

Step 3: The Applicant for the student loan should Click on “Get Started”

Step 4: The applicant should answer the questions on the student loan portal to continue by clicking on “Yes, I am a Nigerian”

Step 5: The applicant for the student loan should verify his or her educational information. The applicant would be required to select his or her school from a dropdown and provide his or her matric number to check if his or her school has uploaded his or her details.

Step 6: The applicant should Click the “Verify with JAMB” and enter his or her JAMB details in the screen.
(Students whose NIN has not been registered with JAMB will have an input field where they can enter their NIN for verification.)

Step 7: The applicant should create an account by entering his or her Email address, Password and Confirm Password in the fields provided and click “Create Account”.

Step 8: The Applicant should click the email verification link sent to his or her email.

This concludes the process of creating an account for the student loan application.

5 Steps To Complete Your Profile For The Student Loan Application

After successful registration, log in by clicking the “LOGIN” button.

Step 1: The applicant should enter his or her email address and password to Login.

Step 2: The applicant should click on the “Proceed to Contact Details" button.

Step 3: The applicant for the student loan should update his or her contact details with the current information of his or her Phone Number, Full Residential Address, State of Residence and Local Government Area of Residence and click “Proceed to Educational Details”

Step 4: The applicant should update his or her educational details by selecting his or her Higher Institution and inputting his or her Matric Number, then click “Proceed to Account Details”

Step 5: The applicant should verify his or her BVN by entering his or her BVN, select his or her Bank Name and enter his or her Account Number. Click “Save Changes” to complete your profile.

5 Steps To Complete The Student Loan Application

The following below are 5 steps to complete the student loan application:

Step 1: The applicant should Click on the “Request for Student Loan” button at the top right of the screen on the home or loans page after logging into the student loan application.

Step 2: If the applicant wants an upkeep loan, the student loan applicant should click the check box, and click Continue, if all applicant need is the institutional charge, click the “Continue” button.

Step 3: The applicant for the student loan should upload all supporting documents. The admission letter is compulsory while the Student ID and Institution Invoice are not compulsory that is optional.
The student loan applicant should click the checkbox for the policy and declaration and click “Continue”

Step 4: The student loan applicant should carefully read the student loan overview and click the check boxes for both the Terms & Conditions and GSI Mandate then click “Submit Application”

Step 5: The applicant for the student loan should click on the “Loans” button to view the status of his or her student loan application.

How To Apply For Renewed Hope Cities And Estate Housing Loan Program

The Renewed Hope Cities And Estate Loan Programme is a development agenda of the Federal Government of Nigeria for tackling Housing needs. This housing loan program captures all thirty six States including the FCT.

The pilot programme sees to build one hundred thousand completed housing units all over the federation which are to be sold to low and medium-income groups through outright purchase, mortgage and rent to-own subscription windows.

Who Can Benefit From This Housing Loan Programme? 

This housing loan programme is for Nigerians at home or in diaspora, particularly those within the low and medium-income groups who cannot afford housing example civil servants, traders, artisans, commercial drivers, etc.

How Does The Housing Loan Programme Work?

1. Sign up : To be able to buy outrightly or get a mortgage you have to create an account first.

2. Find Property : Use the search function to find properties that match your preferences (location, developer, price, type, etc.).

3. Select Property : Click on a property for more details. Review the property's photos, description, and specifications.

4. Choose Payment Method : Decide whether to purchase the property outright or apply for a mortgage.

5. Make Payment : Make required payments into the account prov, for you on your portal.

Who Can Apply For This Housing Loan Programme?

Adults above 18 years can apply for this housing loan, have a verifiable means of income or employment and a contributor to National Housing Fund and must comply with the terms and conditions of sale including completing online applications.

What Document Do You Require To Register Online For The Housing Loan? 

To register online for the housing loan program you require only a valid means of identification which could be your voters card, your NIN printout, valid international passport, or a driver's license.

How to Apply for the housing loan: Interested and qualified applicants should visit https://renewedhopehomes.fmhud.gov.ng

Npower News Today Thursday May 23rd 2024

According to Npower News today May 23rd 2024, the House of Representatives has called on the Federal Government of Nigeria to commence Npower payment and other National Social Investment Programs to reduce the economic hardship faced by vulnerable Nigerians.

According to Npower News, the suspension Betta Edu the ex-Minister for Humanitarian Affairs and Poverty Alleviation and the removal of the National Coordinator of the National Social Investment Programme Agency Ms Halima Shehu have further increased the suffering faced by beneficiaries of Npower.

The House of Representatives stressed the need for stability, development, and equitable wealth distribution among citizens.

The House of Representatives also criticized the planned steering committee Board overseen by the Minister of Finance, as Npower was an act of Parliament that requires legislative amendment before it could be supervised by another body.

The House of Representatives pleaded with the Federal Government to speed up the ongoing investigation of the Minister of Humanitarian Affairs and Poverty Alleviation Betta Edu and put on hold the planned establishment of the Steering Committee Board to oversee the Npower and other National Social Investment Programmes.

According to Npower News, President Bola Ahmed Tinubu suspended the National Social Investment Programme (NSIP) in February 2024, which includes Npower, conditional cash transfers, GEEP program, and National Home Grown School Feeding Programme school.

The suspension of Npower and other National Social Investment Programmes by President Bola Ahmed Tinubu was as a result of concerns with respect to misappropriation of public funds and how Npower and other National Social Investment Programmes were being operated.

Regrettably, Npower payment to beneficiaries of Npower batch c are on hold during this suspension and ongoing investigations, though their are reports that Npower will resume this month and Npower payment will commence next month.