The Nigerian Education Loan Fund (NELFUND) Receives Sixty Thousand Student Loan Applications In 7 Days

The Nigerian Education Loan Fund (NELFUND) has revealed that over sixty thousand students from federal tertiary institutions and universities have so far applied on its student loan portal to register for student loans.

The Managing Director/Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Dr. Akintinde Sawyerr, stated this during a post-application launch press conference in Abuja on Thursday.

It would be recalled that the student loan portal was opened last Friday for student loan applications from students across one hundred and twenty six tertiary institutions, covering Federal universities, Federal Polytechnics and Federal Colleges of Education.

The Managing Director/Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Dr. Akintinde Sawyerr, also revealed that over ninety percent of federal institutions of higher learning have submitted their students’ information to the Nigerian Education Loan Fund (NELFUND), while pleading with the remaining 2 Federal Universities and 5 federal Polytechnics to speed up the process to ensure that all eligible students can access the financial support from the Nigerian Education Loan Fund (NELFUND).

This is just as he said the Nigerian Education Loan Fund (NELFUND), student loan portal will be opened for students in state-owned tertiary institutions on June 25, 2024.

Dr. Akintinde Sawyerr said; “Since the launch of our student loan application portal last Friday for students in Federal institutions of higher learning, we have witnessed an extraordinary surge in applications, with over sixty thousand submissions since inception.

“The overwhelming response serves as a testament to the critical need for financial assistance among our student population, and we remain committed to addressing this urgent demand.

“In line with our commitment to democratise higher education, we are excited to announce that NELFUND will commence accepting applications from students attending state-owned tertiary institutions in three weeks.

“We request all state institutions submit their students’ data immediately, as requested, to facilitate a smooth and seamless application process.”

Adding, Dr. Akintinde Sawyerr said beyond financial assistance, the Nigerian Education Loan Fund (NELFUND) recognises the profound importance of equipping the youth with practical, market-relevant skills, saying that in 6 months from now, it will launch a comprehensive skills acquisition programme, providing training in various vocational and technical fields.

“This programme is designed to prepare students to meet the demands of the modern job market, fostering entrepreneurship and innovation among our young people,” Dr. Akintinde Sawyerr stated.

Source: https://leadership.ng/student-loan-nelfund-receives-60000-applications-in-1-week/

Nitda Digital Literacy for All Initiative (DL4ALL) Application

The Nitda Digital Literacy for All Initiative (DL4ALL) aims to bridge the digital divide in Nigeria by training a critical mass in foundational digital literacy skills. This Nitda Digital Literacy for All Initiative (DL4ALL) is strategically designed to propel Nigeria towards a 70 percent digital literacy level by 2027. This Nitda Digital Literacy for All Initiative (DL4ALL) recognises the urgency to equip individuals with the necessary tools to:

1) Access and utilise online resources for education, employment, and government services safely.

2) Protect themselves online from cyber threats and misinformation.

3) Communicate and collaborate effectively using digital tools.

4) Develop the digital fluency required for many in- demand jobs.

Target Beneficiaries for The Nitda Digital Literacy for All Initiative (DL4ALL)

The Nitda Digital Literacy for All Initiative (DL4ALL) Initiative aims to reach a broad and diverse population across Nigeria to bridge the digital divide.

These include:

1) Children & Youth

Equipping the younger generation with digital literacy skills will prepare them for future careers and foster innovation in the digital economy.

2) Adults

Upskilling the existing workforce with digital literacy will enhance employability and participation in the online world.

3) Senior Citizens

Empowering older adults with digital skills will facilitate access to essential services, improve social connections, and combat digital isolation.

4) Training Proficiency Level

The Nitda Digital Literacy for All Initiative (DL4ALL) initiative has training content at two proficiency levels:

A) Foundational Level – for learners with no prior experience using technology.

B) Intermediate Level – to build upon foundational skills and offer training in more advanced digital applications relevant to study, work and daily life.

Training Delivery Channels for The Nitda Digital Literacy for All Initiative (DL4ALL)

1) Nitda Digital Literacy for All Initiative (DL4ALL) offers online Learning Platforms

2)  Nitda Digital Literacy for All Initiative (DL4ALL) offers user-friendly online content on learning management systems (LMS) and social media platforms for individuals to access modules at their own pace.

3) Nitda Digital Literacy for All Initiative (DL4ALL) offers Train-the-Trainer a national network of digital literacy trainers will be equipped with the necessary skills and knowledge to effectively deliver the curriculum across different regions and demographics.

4) Nitda Digital Literacy for All Initiative (DL4ALL) provides integration with Existing Education Systems, collaborating with Federal and State Ministries of Education to implement the integration of digital literacy modules into existing curriculums.

5) Nitda Digital Literacy for All Initiative (DL4ALL) offers offline learning materials, provision of printed booklets for learners in areas with limited internet penetration.

6) Nitda Digital Literacy for All Initiative (DL4ALL) provides mobile training units, with technology and trainers to reach remote communities with limited access to resources.

7)  Nitda Digital Literacy for All Initiative (DL4ALL) offers In-Person Workshops, conducting workshops in collaboration with community centres, libraries, and faith-based organisations, particularly in rural areas.

How to apply for Nitda Digital Literacy for All Initiative (DL4ALL):

Interested applicants should apply via https://dl4all.nitda.gov.ng

Federal Government of Nigeria Offers ₦1,000,000,000 Federal Government Loan To Large Scale Businesses at 9% Interest Rate – Wale Edun

 

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has said that the federal government is offering up to ₦1,000,000,000 in federal government loan to large scale business enterprises, including manufacturers, at a 9% interest rate.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, disclosed this in a  statement during an interview on Channel TV on Sunday on the state of the economy.

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, stated that both large and small-scale businesses can access the federal government loan at no more than 9% interest.

According to the Minister of Finance and Coordinating Minister of the Economy, Wale Edun, small-scale businesses can obtain federal government loans up to ₦1,000,000, while large scale industries are eligible for as much as ₦1,000,000,000 all at the same modest interest rate of 9%.

“Our emphasis is that we make sure that we ramp up the speed and the scale of the help that is there. We are offering loans at 9% for medium-scale enterprises for up to ₦1,000,000 for small enterprises.

“And for the larger enterprises, we are offering up to ₦1,000,000,000 funding at 9% so that those manufacturing firms can invest, grow the economy, employ people, and produce more goods that will help push down inflation.

“As I said, for the largest enterprises, the government did sit down with the private sector, the manufacturer association and other stakeholders and the governors to provide an economy stabilization plan and have the measures announced,” Wale Edun said.

Speaking on the increase in interest rate on the part of the Central Bank of Nigeria, Wale Edun stated that the position of the central bank is already working in reining in inflation.

Wale Edun said the inflation rate has gradually declined quarter by quarter this year as opposed to that of last year.

According to Wale Edun, the government needs to “stay the course” to ensure that inflation is brought down as well as the prices of goods and services.

“It is very rare that the monetary authorities set as their target fighting inflation, bringing down prices generally. We have seen gradual growth quarter by quarter. Compared to the first quarter last year, growth is up. It is up to about 2.9% above population growth. You do have the economy growing in the right direction.

“We just need to stay the course and in staying that course, help is being given across the board,” Wale Edun said.

The Central Bank of Nigeria (CBN) last May increased the monetary policy rate by 150 basis points to 26.25% from 24.75%.

Many business owners and stakeholders lament that this hawkish position of the central bank will affect the economy negatively, particularly making it difficult for them to access federal government loans.

For instance, the Nigerian Association of Chambers of Commerce, Industry, Mines and Agriculture (NACCIMA) said the policy could inadvertently cause inflation, with businesses likely to increase the prices of goods and services to offset the higher borrowing costs.

Others also have raised similar concerns adding that the rate increase is counterproductive and that the will not address money supply challenges in the country.

Source: https://nairametrics.com/2024/06/03/fg-offers-n1-billion-loan-to-large-businesses-at-9-interest-rate-wale-edun/

Npower News: Federal Government Loan

Revolutionizing Financial Support

Introducing The Federal Government Loan - A Game-Changer in Economic Empowerment.

Below are the business that are eligible to apply for the federal government loan

A) Traders 

These include single retail marketers, corner shop owners, petty traders, market men and women in open markets.

B) Food services 

These include food, fruits and vegetable vendors, etc.

C) ICT

These include business centre operators, battery chargers, recharge card vendors, call centre agents.

D) Transportation 

These include wheelbarrow pushers, independent dispatch riders.

E) Creatives

These include makeup artists, fashion designers, drycleaners.

F) Artisans 

These include vulcanizers, shoemakers, painters, repairers.

A) Eligibility Criteria For The Federal Government Loan 

The following below are the eligibility criteria before applying for the federal government loan 

1).Existing business must be in operation for one (1) year.

2) Start-ups must be a registered business.

3) Provide CAC or SMEDAN business registration documents.

4) Company’s Bank Statement(s) for a period of one (1) year (for existing business)/ Chief Promoter’s (Director or Business owner) Bank Statement(s) for a period of one (1) year (for startups).

5) Have required monthly turnover and other things as may be requested by the bank.

B) Security For The Federal Government Loan 

1) Personal Guarantee of the promoter

2) Acceptance of BVN Covenant (Global Standing Instruction- GSI), and any other thing that may be required by the bank

C) Repayment Frequency For The Federal Government Loan 

Monthly equal installment (no moratorium) over a period of 3 years

D) Repayment term:

i) Asset Financing

Six Months moratorium on principal and interest, five years repayment period for asset financing only.

ii) Working Capital Financing

Twelve months equal installment of principal and interest

We prioritise transparency and efficiency, ensuring that the federal government loan is disbursed swiftly to deserving businesses.

The federal government loan application portal leverages cutting-edge technology to make the entire process accessible through smartphones and computers, allowing Small and Medium Enterprises (SMEs) to apply for the federal government loan from anywhere.

We understand the importance of financial education. Therefore, the federal government loan application platform provides resources and training to empower Small and Medium Enterprises (SMEs) with the knowledge to manage their federal government loan effectively.

Frequently Asked Questions Regarding The Federal Government Loan 

Q. How will I know if I qualify for the federal government loan?

A. The criteria are provided on the website www.fedgrantandloan.gov.ng

Q. What are the terms of the federal government loan?

A. The federal government loan term is thirty six months for Micro Small and Medium Enterprises (MSMEs) and Manufacturers (Working capital) is twelve months, while Manufacturers (Asset financing) has a sixty-month tenor with a six-month moratorium.

Q. What if I do not meet the eligibility criteria for the federal government loan? Will I be considered?

A. No

Q. What is the interest rate of the federal government loan?

A. The interest rate for the federal government loan is 9% per annum.

Q. Is there a moratorium period for the federal government loan?

A. There is a 6-month moratorium period for Manufacturers applying for asset financing only.

Q. What if I cannot pay back the federal government loan?

A. The bank will apply all legal measures to recover the federal government loan from the borrower.

Q. Can I apply for the federal government loan with a partner company?

A. Yes. Applicant for the federal government loan must have a registered business either as a Sole proprietorship, Partnership, or a Limited liability company

Q. Is there an age limit for the federal government loan application?

A. Yes, there is an age limit applicants/promoters of the company applying for the federal government loan have to be 18 years and above.

Q. How long will it take from when I apply to when I get the federal government loan?

A. This is dependent on your bank; however, the federal government loan is typically expected to take 2 weeks to be disbursed.

Q. Can I apply with different companies?

A. No, multiple applications for the federal government loan will be disqualified.

Q. What are the repayment terms?

A. Equal and consecutive monthly repayment of principal and interest for the tenor of the federal government loan.

Q. How do I know the status of my application?

A. Applicants can check the status of their federal government loan application by logging into their profile. Once their federal government loan application has been forwarded to their banks for processing, they should follow up with their banks for updates.

Q. Can I reapply for the federal government loan if my application is rejected?

A. You may be able to reapply for the federal government loan if the reason for the rejection is a minor issue. You will be notified of the rejection and advised to provide additional information.

Q. When is the deadline for the submission of federal government loan applications?

A. The deadline for the federal government loan application will be communicated later.

Q. How do I access the federal government loan?

Apply for the federal government loan through the provided website www.fedgrantandloan.gov.ng while disbursement of the federal government loan will be done by your bank if the applicant meet the eligibility criteria.

Eligible applicants for the federal government loan who meet the selection criteria will be shortlisted.

Wema Bank Commences Second Edition of FGN-ALAT Digital Skillnovation Programme For Micro Small and Medium Enterprises (MSMEs)

The first cohort of the FGN-ALAT Digital Skillnovation Programme, an initiative anchored by Wema Bank in conjunction with the Federal Government of Nigeria, to train and equip two million youth and one million Micro Small and Medium Enterprises (MSMEs) across the country with digital skills for sustainable success, was started in 2023.

A statement from the bank quoted Wema Bank’s Executive Director of Retail and Digital Business, Tunde Mabawonku, as saying, “We are unwavering in our commitment to supporting MSMEs and with the FGN-ALAT Digital Skillnovation Programme, it is all about the bigger picture—which is why we have partnered with the Federal Government of Nigeria to augment the scale of this programme’s impact.

“By tailoring this programme to suit the needs of both entrepreneurial-minded and professionally inclined Nigerians, we are not just arming SMEs for more efficient business management and growth, we are also equipping Nigeria’s workforce for increased productivity and the ripple effect will not only create more viable employment opportunities for Nigerians towards reduced unemployment and underemployment rates but further drive economic growth and national development, boosting Nigeria’s position on the global playing field.

“The digital revolution is moving sporadically and by empowering our youth and MSMEs with in-demand digital skills, we are ensuring that Nigeria is not left behind as the world evolves.”

Wema Bank revealed that since the commencement of the first cohort of the FGN-ALAT Digital Skillnovation Programme in 2023, over three hundred thousand Nigerian Youth business owners and entrepreneurs have leveraged the platform as a launchpad for their business and career success.

The unique cohort featured 100% virtual learning sessions through which participants from the thirty six states in Nigeria and the Federal Capital Territory FCT were provided with self-paced online learning experiences.

According to Wema Bank, cohort 2, which begins in the second quarter of 2024, will transition to physical training sessions and the curriculum will cover key digital skills, including software engineering, product management, business analysis, cloud computing and product design, among others.

Referring to the FGN -ALAT programme as an eye-opener for all, a beneficiary of Cohort 1, Mariam Isah, said, “It’s almost unbelievable all I’ve learnt in just this one-month virtual training.

“I started this training simply looking for a way forward for my business but I have unlocked secrets that are life-changing not just in my business but in all aspects of life.”

Source: https://punchng.com/wema-bank-launches-second-edition-of-fgn-alat-digital-skillnovation/

Npower News On Payment Today Friday 7th June 2024

According to Npower News on payment today Friday 7th June 2024, reports from sources online claim that beneficiaries of Npower batch c will receive their 9-12 months stipends by the end of this month, although this reports are sketchy at the moment, we will continue to monitor the authenticity of this information which has since gone viral online.

Beneficiaries of Npower batch c are implored to always consume information from reliable sources online and are to exercise patience while awaiting their Npower payment there are lots of federal government schemes and initiatives they are to take advantage of. Beneficiaries of Npower will receive their Npower payment when the suspension of Npower is called off, and the Npower portal becomes active again, another reason why Npower payment is being delayed is due to the ongoing investigation in the Ministry for Humanitarian Affairs and Poverty Alleviation which has since taken forever to be concluded.

Latest Npower News Today Friday June 7th 2024

According to Npower News, the National Association of Npower beneficiaries today through the Npower national coordinator to inform beneficiaries of Npower batch c that there is good news coming their way soon.

The Npower National Coordinator said "Good news ahead, stay tune" and this has attracted lots of attention and mixed reactions from beneficiaries of Npower batch c such that beneficiaries of Npower batch c are beginning to wonder in amazement what could this good news be.

Recall that in previous publications and videos, the Npower national coordinator through the official Facebook page of the National Association of Npower beneficiaries had said that npower payment will by June this month and the suspension of the National Social Investment Programmes will be lifted last month, although the National Social Investment Programme has only been lifted partially that is the conditional cash transfer program which is a component of the National Social Investment Programmes, beneficiaries of Npower are expecting the next announcement by President Bola Ahmed Tinubu to be that of the lifting of the suspension of Npower.

We Will Make Sure Lagos State University (LASU) Students Benefit From Student Loan — Governor Babajide Sanwo-Olu

Governor Babajide Sanwo-Olu of Lagos State, yesterday, assured students of the Lagos State University, (LASU) Ojo, that they will benefit from the Federal Government student loan scheme.

Governor Babajide Sanwo-Olu also awarded the overall best student of the university, Olaniyi Olawale, with a sum of ₦10,000,000

Governor Babajide Sanwo-Olu spoke at the university’s 27th Convocation and 40th Anniversary in Lagos.

Governor Babajide Sanwo-Olu words: “This is my 4th Convocation Ceremony as a University Visitor, and it is always a pleasure to be here, on one of the most important days in the lives of thousands of people, sharing in the boundless joy of the present, and the exciting anticipation of a future rich with personal and professional possibilities.

“Under my administration, the Lagos State Government is committed to empowering students in our state-owned tertiary institutions to unlock their full potential.

“We aim to foster a generation of innovative thinkers, problem-solvers, and great leaders, who will drive sustainable development in Lagos State and beyond.

“To this end, we recognize that sustaining a world-class university requires significant financial investment. As we seek to surpass previous achievements and maintain the upward trajectory of the University’s growth and development,

“We will live up to all our responsibilities, as envisioned by the founding fathers and by our T.H.E.M.E.S Plus strategic governance agenda, which includes Education and Technology among its core pillars.

“We will, as the Lagos State Government, work with the Nigerian Education Loan Fund, NELFUND, to ensure that the new national student loan program opens up to students of state-owned educational institutions in Nigeria, as promised, and without delay.

“We will ensure that students of the Lagos State University fully benefit from this laudable policy.”

“We will not relent in our efforts to ensure that no member–student or staff–of the university community is left behind. And we know that when LASU thrives, the communities and residents around it will benefit greatly as well.”

https://www.vanguardngr.com/2024/06/students-loan-well-ensure-lasu-students-benefit-sanwo-olu/

Conditional Cash Transfer Programme Benefits Poor And Vulnerable Nigerian Households

The State programme manager of the Conditional Cash Transfer Unit in Gombe, Abubakar Jatau, has said the conditional cash transfer program continued to make a positive impact on poor and vulnerable Nigerians.

The State programme manager of the Conditional Cash Transfer Unit in Gombe, Abubakar Jatau made this statement during the National Cash Transfer Office - Conditional Cash Transfer ( NCTO -CCT) organised Stepdown Orientation training to State Conditional Cash transfer staff, local government Desk officers, conditional cash transfer facilitators and local government grievance redress officers.

The event was held at Amina Town Hall Conference Centre in Gombe, the Gombe State Capital.

The State programme manager of the Conditional Cash Transfer Unit in Gombe, Abubakar Jatau stressed that the Conditional Cash Transfer (CCT) has been the government’s most successful programme in providing support to the poorest and vulnerable individuals in urban and rural households across Nigeria.

The State programme manager of the Conditional Cash Transfer Unit in Gombe, Abubakar Jatau, also stated that thousands of pour and vulnerable people have greatly benefited from the project and continue to do so.

The recent National Social Safety Net Program scale-Up (NASSP-SU) Orientation step-down training to trainers, desk officers, conditional cash transfer facilitators, local government grievance officers and state conditional cash transfer staff.

The State programme manager of the Conditional Cash Transfer Unit in Gombe, Abubakar Jatau, highlighted that previously, conditional cash transfers only covered 73% of rural poor and vulnerable populations, with only 13% of Urban being included.

However, in light of the COVID-19 outbreak, the federal government made efforts to support the urban poor and vulnerable in the country.

Also speaking, Bilkisu Dausa Musa, the Training and Communication Officer of the Gombe State Conditional Cash Transfer Unit, stressed the significance of the federal government’s Conditional Cash Transfer (CCT) project in supporting poor and vulnerable populations.

Bilkisu Dausa Musa, emphasized the extensive training conducted for stakeholders involved in the Conditional Cash Transfer (CCT) Programme and reiterated the program’s positive impact on beneficiaries.

Musa highlighted the collaboration between the National Social Safety Net Program scale-Up (NASSP-SU) with Gombe State underscoring their efforts to boost the morale of beneficiaries across the country.

Bilkisu Dausa Musa, also stressed the role of the National Social Safety Net Program scale-Up (NASSP-SU) in scaling up the conditional cash transfer program and targeting beneficiaries in all eleven local government areas of Gombe State, both in rural and urban areas, using data from National Social Safety Net Coordinating Office (NASCO) and State Operations Coordinating Units (SOCU).

https://leadership.ng/cash-transfer-initiative-benefits-vulnerable-nigerians/

Student Loan Alone Not A Remedy

There is a new dawn in tertiary education after the Nigeria Education Loan Fund (NELFUND) stated that over sixty thousand students applied for its interest-free student loan. Furthermore, over thirty thousand student loan applications succeeded. In the Fourth Republic, it is a landmark. Sustenance will determine the long-term impact of the student loan initiative.

Despite the 50% success rate, the Managing Director of the Nigeria Education Loan Fund (NELFUND), Dr. Akintunde Sawyerr, said that applicants for the student loan would be cleared subject to enough verifications.

President Bola Ahmed Tinubu signed the Students Loans (Access to Higher Education) Bill, 2024, into law in April. The Act is an improvement on an earlier initiative, which was withdrawn because it was restrictive. The Act covers tuition and other aspects of student welfare. It accommodates a wider coverage of students in public federal and state institutions that do not charge fees and those in vocational training.

This should ordinarily be cheering news, given the poverty ravaging the land and the attendant hardship on students from poor homes. The National Association of Nigerian Students has welcomed it as the “way forward,” as have President Bola Ahmed Tinubu’s cheerleaders.

But others have rejected the return of a policy scrapped four decades ago. Some, seek clarity and a seamless, well-structured, and effective student funding policy, learning from the country’s past experiences and other countries.

The Academic Staff Union of Universities rejected the student loan.

Moreover, the move is perceived as a precursor to charging tuition fees in federal universities and other higher institutions. President Bola Ahmed Tinubu has once unambiguously declared that tuition-free higher education “is no longer realistic.”

A contentious provision is that a beneficiary will commence repayment two years after the National Youth Service Corps programme. It is unrealistic. The Nigerian Graduate Report 2022 found that 58.9% of Higher National Diploma (HND) graduates, 49.55% of Ordinary National Diploma (OND) graduates, and 39.75% of bachelor’s degree holders, are unemployed.

The National Directorate of Employment says most Nigerian graduates remain jobless five years after NYSC. Multinational consultancy, KPMG, said Nigeria’s unemployment rate grew from 37.7% in 2022 to 40.6% in 2023 due to the high influx of job seekers – 4,400,000 annually – into the market. The repayment plan for the student loan is therefore doubtful.

Corruption, mismanagement, and non-repayment kill intervention credit schemes in Nigeria. A student loan scheme introduced in 1974 with advances repayable twenty years after graduation crashed.

In the United States, Forbes reported that Americans owed up to $1,700,000,000,000 in student loan debt as of May 2023. President Bola Ahmed Tinubu should embrace the culture of meticulous planning. President Bola Ahmed Tinubu needs to rationalise the federal universities, polytechnics, and colleges of education that the government has been recklessly establishing with no thought given to their funding.

Nigeria must reach into its past to recover its success in tertiary education. Then, the defunct regions and successor states awarded scholarships, bursaries, and grants. These were awarded for study at higher institutions at home and abroad. The Federal Government and the Local Governments also awarded scholarships and bursaries. This is a better system.

The way forward is to mobilise all tiers of government to return to that template. They should harmonise and build joint data banks so students can choose a scholarship, bursary, or student loan. Technology-supported infrastructure should be deployed to ensure that no beneficiary gets from more than one funding stream. This will ensure that no qualified Nigerian youth desirous of higher education is denied because of lack of funds.

The government should encourage charities, faith-based organisations, and Non-Governmental Organisations (NGOs) to offer scholarships and bursaries. Corporate organisations should be incentivised with tax breaks to offer grants, scholarships, and bursaries.

The student loan is a good idea, but not as a standalone panacea or remedy. Its implementation and execution should be preceded by thorough planning, with realistic conditions, targets, and reliable funding sources.

Source: https://punchng.com/students-loan-alone-not-a-panacea/

Npower Latest News On Payment Today Thursday 6th June 2024

According to Npower latest news on payment today Thursday 6th June 2024, President Bola Ahmed Tinubu made a significant decision by lifting the suspension of the Conditional Cash Transfer (CCT) program, President Bola Ahmed Tinubu did this as he celebrated his one year in office. This decision by President Bola Ahmed Tinubu to lift the suspension of the Conditional Cash Transfer (CCT) program shows President Bola Ahmed Tinubu's  continued dedication and commitment to supporting the poor and vulnerable households. 

According to Npower News, President Bola Ahmed Tinubu in his one year in office speech did not say anything about Npower neither did he say when Npower payment for Npower batch c stream 2 would commence, what this simply means is that Npower is still under suspension by President Bola Ahmed Tinubu and the investigation by the Economic and Financial Crimes Commission (EFCC) with Betta Edu the ex-Minister for Humanitarian Affairs and Poverty Alleviation has not yet been concluded. 

As earlier stated in previous publications, Npower payment to beneficiaries of Npower cannot start when Betta Edu has not been cleared by the Economic and Financial Crimes Commission (EFCC), Npower payment will start when Betta Edu has been cleared by EFCC and the suspension of Npower lifted by President Bola Ahmed Tinubu.

In conclusion with respect to the conditional cash transfer program, training of desk officers is currently ongoing in different states across the federation, the training in some states have been concluded but the cash transfer office across the states are waiting for the go ahead to commence enrollment of the poor and vulnerable households.