Renewed Hope Housing Delivery

The Renewed Hope Housing Delivery is an innovative home ownership and rental scheme, that aims to make the dream of owning a home a reality for individuals and prospective home owners. 

Frequently Asked Questions Regarding The Renewed Hope Housing Delivery 

Q. WHAT IS THE RENEWED HOPE CITIES AND ESTATES PROGRAMME?

A. The Renewed Hope cities and estates program is a Federal Government of Nigeria’s development agenda for addressing Housing needs. The program covers all thirty six states including the FCT. The pilot programme sees to build 100,000 completed housing units all over the country which are to be sold to low- and medium-income groups through outright purchase, mortgage and rent-to-own subscription windows.

Q. WHO CAN BENEFIT FROM THE RENEWED HOPE CITIES AND ESTATES PROGRAMME?

A. This The Renewed Hope cities and estates program is for Nigerians at home or in diaspora, particularly those within the low and medium-income levels who cannot afford housing examples civil servants, traders, artisans, commercial drivers, etc.

HOW DOES THE RENEWED HOPE CITIES AND ESTATES 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 provided for you on your portal.

Q. WHO MAY APPLY FOR THE RENEWED HOPE CITIES AND ESTATES PROGRAMME?

A. Adults above eighteen years, 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.

Q. WHAT DOCUMENT DO I REQUIRE TO REGISTER FOR THE RENEWED HOPE CITIES AND ESTATES PROGRAMME ?

A. To register for the renewed hope cities and estates program online 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.

To apply visit https://renewedhopehomes.fmhud.gov.ng/

Federal Government Grant Disbursement Ongoing

The final phase of the federal government grant as posted previously has started and it is ongoing, by Friday all applicants are expected to have received their federal government grant. Applicants that failed the nin verification process or failed to update their NIN before the deadline stipulated will not receive the federal government grant. Congratulations to the recipients of the federal government grant as the federal government grant disbursement ends on Friday.

After the federal government grant has been successfully disbursed completely on Friday then the federal government loan will follow suit. Although the federal government loan application is still ongoing, but the federal government loan application will end very soon, applicants for the federal government loan must have Corporate Affairs Commission (CAC) document to successfully complete the federal government loan application.

Federal Government Grant Disbursement Ends On Friday May 31st

 The federal government grant final disbursement will be made this week and all federal government grant will hit its maximum 1290 nano business per local government come Friday 31st May. Applicants yet to receive the federal government grant are to exercise patience while applicants invited for data capturing at their local government should please proceed to their local government areas as instructed in the text message.

According to the Minister for Industry, Trade and Investment Doris Nkiruka Uzoka-Anite the federal government grant is a non repayable grant and the loan amount is ₦50,000 which will be disbursed to 1 million nano business in all 774 local government areas nationwide. Beneficiaries and even applicants can check the status of their federal government grant by using the federal government grant portal. After the federal government grant disbursement is concluded on Friday, the federal government will commence the processing and subsequent disbursement of the federal government loan. Applicants for the federal government loan should kindly note that the federal government loan is not a federal government grant and will be repaid at the expiration of the federal government loan, the federal government loan amount is ₦1,000,000 and application is ongoing, applicants must have CAC and other supporting documents to apply for the federal government loan.

Npower News Today Monday May 27th 2024

According to Npower News today Monday May 27th 2024, the credibility of the statements made by the Npower national coordinator is being questioned with respect to Npower payment of beneficiaries, beneficiaries of Npower have observed that instead of the Npower coordinator to focus on Npower payment news and issues regarding Npower, the National Coordinator of Npower is currently busy attending to and dishing out informations on how to mine bitcoins and other schemes that are unrelated to Npower payment.

According to Npower News, beneficiaries of Npower are advised to capitalize on the recent federal government initiatives such as the federal government grant, federal government loan, consumer credit scheme, student loan and other programs instead of solely relying on when the Npower payment will start and when the suspension of Npower will be lifted. Npower suspension will be lifted this month according to the Npower coordinator but of recent there has been no information regarding the resumption of Npower and nothing has been said regarding the investigation of Betta Edu. 

Npower News will continue to update beneficiaries of happenings with respect to Npower and other federal government initiatives as they unfold. Npower beneficiaries should continue to remain optimistic and always get their information from reliable sources. Npower have continued to always emphasize that Npower payment depends on the investigation between EFCC and Betta Edu, Npower suspension cannot be lifted and Npower payment cannot be made when there is a pending investigation in the Ministry for Humanitarian Affairs and Poverty Alleviation, Npower will only resume after all investigations linked to Betta Edu and the ministry has been concluded.

Academic Staff Union of Universities (ASUU) Opposes Student Loan

The Academic Staff Union of Universities (ASUU), Calabar Zone, has kicked against the proposed student loan.

The Academic Staff Union of Universities (ASUU), described the student loan as not only “strangulating” but has the capacity of subjecting the benefiting students to slavery, perpetual debt, depression and eventual suicide.

Addressing a press conference in Uyo, Akwa Ibom State capital on Monday, the Zonal Cordinator of ASUU, Happiness Uduk flanked by all the Chapter Chairmen of the zone said it was disheartening that the people who attended schools on scholarship, enjoyed meal subsidies, bursary awards among others were the ones making some of these obnoxious policies saying that the union would not relent in opposing such policies.

Happiness Uduk in a statement jointly signed by the eight union Chairpersons reasoned that instead of giving student loan, the Federal Government could use the money for interventions in higher institutions saying that such would bring about positive turnaround of events that would make the institutions independent with highly subsidized tertiary education in the country.

According to Happiness Uduk, “It is disheartening that people who attended schools on scholarship,enjoyed meal subsidies, free laundry services and bursary awards are the same running our economy today. Their Children are on scholarship in the best foreign universities in the world but after siphoning our economy, they turn around to impose a strangulating Education Loan in tax payers’ children so that they will be enslaved and remain indebted to the country forever. They do not mind the devastating effect of this scheme on the country, such as depression, suicide, and collosal loss of intellectuals.

“To this end, we vehemently condemn the idea of Education Loan and state clearly that using the money for intervention in higher Institutions will be about a positive turn-around of events that will make our institutions self reliant on highly subsidized tertiary education in Nigeria.”

The union also called on the federal government to come to a renegotiation table and reconvene a committee to review the agreement reached by ASUU leadership and Proffesor Nimi Brigs-led Government committee with the view of adjusting the document according to the current economic realities so as to have acceptable salary structure for university lecturers.

The Academic Staff Union also condemned the indiscriminate proliferations of universities in Nigeria without adequate funding by both the Federal and state governments, noting that 2020 ASUU-FGN Memorandum of Action (MoA), which stressed the need to review the NUC Act to make it more potent in arresting the reckless and excessive establishment of universities, should be fully implemented.

“We urge the President Tinubu-led administration to refrain from further proliferation of universities and rather consolidate on the already existing ones. What we need are universities that are adequately equipped and empowered to address the challenges confronting Nigeria, not glorified schools,” the statement added.

On the ongoing minimum wage negotiation, the Academic Staff Union of Universities (ASUU), Calabar Zone urged the federal government to immediately deploy the instrumentality of collective bargaining to conclude the social dialogue, saying that such would lessen the invasive decline in the socio-economic lives of Nigerians.

The Academic Staff Union of Universities (ASUU), further urged federal, state and local governments to take a critical look at all unworkable policies and programmes sponsored by international money lenders such as the World Bank and IMF with a view to reclaiming the country’s sovereignty and restoring the confidence of Nigerians.

The Academic Staff Union of Universities (ASUU), however, advised governments and her agencies to read the Act establishing universities and stop interfering and threatening the autonomy of the universities, especially in terms of policy, academic planning and administration, even as it advised that suspended members in Ebonyi State University be recalled in obedience to the declarations and orders of the National Industrial Court of Nigeria.

The Academic Staff Union of Universities (ASUU), added that outstanding salaries of academics in all institutions should be paid without further delay, noting that failure to accede to their demands would make them embark on industrial action, even as it regretted that it resorted to strike to press home its demands as that was the only language the government understood.

Source: Dailypost

Quick Steps On How To Apply For The Student Loan

The attached video below shows quick steps on how to apply for the student loan, it is very important to note that NIN and BVN verification can fail if the details students provide do not match JAMB details. It is a feature put in place to prevent fraud when completing the student loan application process. Kindly note that only students in federal institutions can apply for the student loan, the student loan application has not been extended to other institutions. Some federal institutions are yet to completely update the data of their students, kindly contact your school for any difficulties.

Video Credit: NELFUND

1,200,000 Students To Benefit From First Phase of Student Loan - Remi Tinubu

Mrs. Remi Tinubu, says more than 1,200,000 students will benefit from the first phase of the student loan, which started on Friday May 24.

Mrs. Remi Tinubu revealed this in the State House on Sunday during the ‘Nigerian Youth Celebration’.

The event was in commemoration of the first anniversary of President Bola Ahmed Tinubu’s administration.

“It is noteworthy that the administration of President Tinubu has been exceptionally youth friendly. The administration has demonstrated commitment to youth inclusion in empowerment and governance. This is evident in the unprecedented appointment of young leaders as ministers, heads of agencies and parastatals, as well as the full implementation of the Students Loan Scheme,” Mrs. Remi Tinubu said.

Mrs. Remi Tinubu expressed her dedication to supporting and encouraging the youths, particularly through her ‘Renewed Hope Initiative’.

Mrs. Remi Tinubu said the initiative would complement President Bola Ahmed Tinubu's education, agriculture, social investment and economic empowerment efforts.

Mrs. Remi Tinubu further assured the youths that the current administration would do its best to make Nigerians happy.

“We will continue to do our best to provide an enabling environment to foster and support the youth as active participants in national development and rewriting Nigeria’s story for good. I urge you to keep believing in Nigeria. By the grace of God, we will witness the rebirth of a new nation that will take its rightful place among the comity of nations,” Mrs. Remi Tinubu said.

https://gazettengr.com/1-2-million-nigerian-students-to-benefit-from-first-phase-of-education-loan-tinubu/

Student Loan

The student loan is set up by the Federal Government of Nigeria, the student loan is a beacon of hope for Nigerian students pursuing higher education.

Easy Steps to Secure Your Student Loan

Step 1: Register on the student loan application portal by clicking the “APPLY NOW” button to get started

Step 2: Click on the "Request for Student Loan" button and complete the student loan application steps and submit.

Step 3: Your student loan application will be reviewed. After successful verification, payments will be made to your institution for institutional charge, while the upkeep loan will be paid to the bank account you have provided in your profile.

Frequently Asked Questions With Respect To The Student Loan

The following below are everything you need to know about the student loan and repayment:

Q. Under what circumstances would Nigerian Education Loan Fund (NELFUND) deny an application for the student loan?

A. If such an applicant is: Proven to have defaulted in respect of any previous loan granted by any license financial institution.

Found guilty of submitting fake/fraudulent documents and dismissed for exam malpractices by any school authority.

Convicted of fraud and forgery, drug offences, cultism, felony, or any offences involving dishonesty.

Q. Are there any documents to upload during the student loan application process?

A. Yes. Scanned admission letter for new students (compulsory), scanned Student Identification Card (optional).

Q. Is there any appeal process when a student loan application is denied?

A. A complaint can be raised from the student loan portal, or you can send an email to the NELFUND.

Q. What are the consequences of defaulting on the student loan?

A. Deliberate default could result in penalties, legal action, and potential damage to your credit score.

Benefits of The Student Loan 

The following below are benefits of the student loan:

1) The student loan is a path to Educational accessibility without financial hurdles.

2) The student loan is an Interest-free loan for tuition fees.

3) The student loan provides equal access to higher education for all eligible candidates.

4) The student loan reduces finacial stress on students and families.

Npower Stream 2 Payment News Today May 26th 2024

According to Npower stream 2 payment news today, beneficiaries of Npower should note that there is light truly at the end of the tunnel, as long as other components of the National Social Investment Programmes have restarted then definitely Npower will start soon and beneficiaries of Npower will receive their Npower payment.

According to the Npower coordinator, Npower payment is expected to start in June ceteris paribus, but Npower payment will only be made to Npower batch c beneficiaries in stream 2, beneficiaries of Npower batch c under stream 1 will not receive the Npower payment should the Npower payment start by June as said by the Npower national coordinator.

According to Npower News, Npower payment to beneficiaries of Npower is being delayed because of the suspension of Npower by President Bola Ahmed Tinubu in order to allow for investigations between Betta Edu, Npower and the Economic and Financial Crimes Commission. Betta Edu was involved in a financial scandal which has to do with her requesting for the transfer of public funds into her account which goes against the constitution of Nigeria.

According to Npower News, beneficiaries of Npower batch c are advised to exercise patience till June before taking any drastic measures, once Npower payment is not made in June then beneficiaries of Npower should kindly know that the suspension of Npower has not been lifted and possibly Betta Edu's case has not been concluded.

Npower News: Federal Government In Conjunction With World Bank Commence Orientation Training For National Social Safety Net Program-Scale Up (NASSSP-SU)

According to Npower News, the Federal Government of Nigeria through the Ministry of Humanitarian Affairs and Poverty Alleviation in conjunction with World Bank, National Cash Transfer Office (NCTO) and National Social Investment Programme Agency (NSIPA), commence a three day National Orientation Training on the Social Safety Net Program-Scale Up (NASSSP-SU).

The aims of the training are to establish a shared understanding of the NASSSP-SU Project implementation, guarantee seamless state-level cash transfer operations, and to ensure accountability and transparency during the program implementation, among other things.

Dr. Michael Ajuluchuku, the National Program Manager, National Cash Transfer Office (NCTO), welcomed the attendees and gave a brief overview of President Bola Ahmed Tinubu's suspension of the National Social Investment Programmes which includes Npower in January 2024. In order to cushion the impact of the loss of fuel subsidies, Dr. Michael Ajuluchuku also calls on President Bola Ahmed Tinubu to continue supporting the National Social Investment Programmes.

The Orientation program also witnessed the presence of the Permanent Secretary Federal Ministry of Humanitarian Affairs and Poverty Alleviation's, ably represented by Alhaji Musa Tafida (Director, Planning, Research, and Statistics), who declared the Training open and Dr. Akindele Egbuwalo, the Ag. National Coordinator/CEO of National Social Investment Programmes Agency (NSIPA).

Thanked the World Bank and NCTO for organizing such an informative training that will help and orient Staff of NCTO, NSIPA, and the Ministry at large, in addition, Mr. Akindele also seized the opportunity to plead with H.E. President Bola Ahmed Tinubu,GCFR, to continue supporting the Ministry in carrying out social initiatives because Nigerians are in dire need of them.

The objectives of the National Social Safety Net Program-Scale Up is as follows:

a. Develop common understanding of NASSSP-SU Project implementations

b. Ensure smooth operations of cash transfer.

c. Ensure accountability, transparency during program implementation etc.

By Nasir Lawal Kurfi Communication office, National Social Investment Programmes Agency (NSIPA)

Source: https://www.npowerdg.com/2024/05/fg-partner-world-bank-and-others-begins.html?fbclid=IwZXh0bgNhZW0CMTEAAR1LQOnUnJ4cKRmMzIeXgx8cFKgeIp-kjTLPRSet3f1RxQFrMF4SVbGGFM0_aem_Ad_7Okko_A4HwKjwz4fKdFa2YhhKnPOKiAKjdYskWDExq6FUTHCqqYJlI_41zEnaKCnb8K0cQlcX08ks4mYEhq0t&m=1

Student Loan: Omniswift Nigeria Limited Congratulates President Bola Ahmed Tinubu

Omniswift Nigeria Limited has congratulated President Bola Ahmed Tinubu, on the successful launch of the student loan program and the celebration of his 1-year anniversary as President of the Federal Republic of Nigeria.

As a proud contributor to this transformative initiative and in recognition of the remarkable achievements under President Bola Ahmed Tinubu's leadership, Omniswift Nigeria Limited celebrates the milestone accomplishments that have brought renewed hope to Nigeria.

The launch of the Student Loan, alongside the Tinubu "Renewed Hope Initiative," exemplifies visionary leadership and a steadfast commitment to investing in the future of Nigerian youth. These initiatives, spearheaded by President Bola Ahmed Tinubu, reflect a commitment to addressing critical challenges and fostering inclusive growth and prosperity.

The team at Omniswift said "We commend President Bola Ahmed Tinubu for his unwavering commitment to advancing education accessibility and empowering the youth through initiatives such as the Student Loan Program and the Tinubu 'Renewed Hope Initiative."  "These efforts have brought renewed optimism and opportunities for the citizens of Nigeria, paving the way for a brighter future."

As we commemorate President Bola Ahmed Tinubu's 1-year anniversary in office, we reflect on the significant progress and positive impact achieved thus far. From infrastructure development to economic reforms, President Bola Ahmed Tinubu has demonstrated strong leadership and dedication to fulfilling his promises to the Nigerian people.

Congratulations again to His Excellency, President Bola Ahmed Tinubu, and the government of Nigeria on these remarkable accomplishments.

Source: https://www.pulse.ng/news/local/omniswift-nig-ltd-congratulates-president-tinubus-student-loan-program/tv5vqz2