19 Jun 2024

Student Loan: Documents And Eligibility Requirements For Students

What students must provide before applying for the student loan:


Interested applicants will be required to provide the following to access the funds:


1) Joint Admission and Matriculation Board (JAMB) registration number


2) National Identification Number (NIN)


3) Bank Verification Number (BVN) 


4) Students’ matriculation numbers


Students that are ineligible for the student loan:


The following categories of people will be considered ineligible to access the student loan:


1) Any student found guilty of examination malpractice by any school authority will not be selected for the student loan.


2) Students, otherwise known as applicants that have defaulted in respect of any previous loan granted to them by any organisation will not be eligible to apply for the student loan.


3) Others are students with a criminal record of felony or any offence involving dishonesty or fraud.


4) Students whose parents either father or mother have defaulted in respect of student loans or any loan granted to him or her.


5) Students who have been convicted of drug offences.



Students that are eligible to apply for the student loan:


The following categories of students will be considered eligible to apply for the student loan:


1) Nigerian students in public higher learning institutions such as universities, polytechnics, colleges of education and vocational institutes.


2) Nigerian students who are not guilty of the listed offences such as:


a. Cultism

b. Exam malpractice

c. Suspension

d. Expulsion 

e. Certificate/Result/ Document Forgery 

f. Illegal Admission 

are eligible to apply for the student loan.


Source: https://businessday.ng/education/article/student-loan-portals-application-hitches-resolved-applicants-can-reapply/

Federal Government Grant Yet To Hit The 1290 Maximum As Applicants Await Final Federal Government Grant Disbursement

Observations on the federal government grant portal shows that no local government area has gotten to 1290, Konshisha with 1224 being the closest to 1290 beneficiaries for the federal government grant. Applicants yet to receive the federal government grant are implored to exercise patience as the federal government grant disbursement has not been concluded. According to the Minister for Industry Trade and Investment Doris Nkiruka Uzoka-Anite at the end of the disbursement of the federal government grant the names and list of all 1,000,000 beneficiaries will be published on the federal government grant portal, the minister said that applicants that fail the NIN verification process will not be considered and they should apply for the ongoing federal government loan application with their CAC or SMEDAN certificates. 

The federal government grant will not be repaid by beneficiaries unlike the federal government loan which will be repaid at the end of the loan tenure. Beneficiaries of the federal government grant will receive ₦50,000 while beneficiaries of the federal government loan will receive ₦1,000,000. The federal government loan application is still ongoing but will be closing soon, after that the federal government loan will be disbursed, this will be done after the federal government grant has been cleared and all eligible beneficiaries have all received their federal government grant. Applicants that applied last year but failed to update their NIN on the federal government grant portal will not receive the federal government grant, applicants that received text message to update their NIN and did likewise will receive the federal government grant, applicants sent messages to go to their local government area for data capturing and have completed this process will receive the federal government grant. Applicants that have already received the federal government grant but received the text messages to proceed to their local government area for data capturing might ignore the message since they have already received the federal government grant. The federal government grant is a one time payment and no beneficiary can receive the federal government grant twice as people might have claimed and this is the essence of the NIN verification. The NIN verification process prevents disbursement of federal government grant to the same person twice and ensures that the right individual receive the federal government grant and not a 'ghost' beneficiary. The federal government grant application has ended although their are some grants available online like the fgn alat and other initiatives. Individuals, applicants and even beneficiaries of Npower have been advised to capitalize on these opportunities while awaiting their Npower payment.


The federal government grant was launched last year by President Bola Ahmed Tinubu as part of the Renewed Hope Agenda to cushion the effect of inflation and economic hardship to the poor and vulnerable, to enable these beneficiaries of the federal government grant to start up nano businesses in their immediate communities.

Latest Npower News Update Regarding Payment To Npower Batch C Beneficiaries Today June 19 2024

Here are the latest updates on the Npower payment to Npower batch c beneficiaries today June 19 2024:


1) Npower payments to Npower batch c beneficiaries are on hold while the investigation happens.


2) The Economic and Financial Crimes Commission (EFCC) is still interrogating officials they suspect of stealing money from the Npower programme.


3) President Bola Ahmed Tinubu says his government wants to make sure Npower and other National Social Investment Programmes are run honestly and help beneficiaries the way they were designed to.


4) Some money has been recovered, from some consultants which could be good news for Npower batch c beneficiaries who were supposed to get their Npower payment.


5) The federal government is trying to fix the problems regarding Npower payment so that the Npower program can run well again.


6) The National Social Investment Management System (NASIMS) has asked the current batch of beneficiaries of the Npower scheme to be observant. Npower batch C beneficiaries are advised to keep observing their Npower portal frequently for any update.


7) NASIMS said Npower backlog payments for validated accounts of beneficiaries of the federal government’s Npower scheme, are being made bit by bit.


Source: https://www.bing.com/search?q=Npower+News+update+regarding+payment+to+Npower+batch+c+beneficiaries+today+June+19+2024&safeSearch=strict&form=METAMG&fbclid=IwAR3j0iwbLX28KsHTGMZucGtq8TQJs_usAF2dGpBtFOJuviZ8Kzg70ImyK0E

Student Loan Portal’s Application Glitches Fixed, Applicants Can Reapply For Student Loan

The Nigerian Education Loan Fund (NELFUND) has invited applicants who experienced some technical glitches when applying for the student loan, to reapply as the student loan portal’s technical issues have been fixed.

According to a statement on the Nigerian Education Loan Fund's (NELFUND's) official X handle, NELFUND said, “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.”

In addition, the Nigerian Education Loan Fund (NELFUND) informed applicants that might have received an SMS or email from the agency calling for them to try again thus;

“If you are successful when you retry, please let us know. If not, please reach out to us.”

Reports have it that NELFUND is ready to help students who facing challenges trying to apply for the student loan amidst several complaints and jostlings for answers after rolling out the student loan scheme application portal on Friday, May 24, 2024.

Nasir Ayitogo, the head of media and public relations at NELFUND had earlier given step-by-step instructions to students interested in applying for the student loan and disclosed that NELFUND has received various kinds of complaints from student loan applicants.

Haven addressed the technical issues affecting the student loan application portal; NELFUND is requesting concerned applicants to reapply for the student loan.

“If you are successful when you retry, please let us know. If not, please reach out to us,” NELFUND said

Eligible students are encouraged to take advantage of the opened student loan portal to invest in their future and contribute to the growth and development of Nigeria.

What students must provide before applying for the student loan:

Interested applicants will be required to provide the following to access the funds:

1) Joint Admission and Matriculation Board (JAMB) registration number

2) National Identification Number (NIN)

3) Bank Verification Number (BVN)

4) Students’ matriculation numbers

Students that are ineligible for the student loan:

The following categories of people will be considered ineligible to access the student loan:

1) Any student found guilty of examination malpractice by any school authority will not be selected for the student loan.

2) Students, otherwise known as applicants that have defaulted in respect of any previous loan granted to them by any organisation will not be eligible to apply for the student loan.

3) Others are students with a criminal record of felony or any offence involving dishonesty or fraud.

4) Students whose parents either father or mother have defaulted in respect of student loans or any loan granted to him or her.

5) Students who have been convicted of drug offences.

Consequently, Nigerian students in public higher learning institutions such as universities, polytechnics, colleges of education and vocational institutes who are not guilty of the listed offences are eligible to apply for the student loan.

Source: https://businessday.ng/education/article/student-loan-portals-application-hitches-resolved-applicants-can-reapply/

Npower News Today Wednesday 19th June 2024

According to Npower News today Wednesday 19th June 2024, Honorable Comrade Mustapha Ali Buni a political activist has called on the Presidency and other state holders in various ministries, departments and agencies to come to the rescue of Npower batch c beneficiaries being owed 12 months stipends, see press statement below:


PRESS STATEMENT


The Presidency, Aso Rock Villa, Abuja, Federal Capital Territory, Nigeria


18/06/2024


REMINDER


Dear Sirs,


We, the undersigned, humbly yet urgently seek your attention to a matter of great importance. The Npower beneficiaries across Nigeria have been enduring a prolonged period of eight to nine months without receiving their rightful backlogs payments. This delay has caused significant financial strain and hardship for these individuals who are in dire need of this support.


As such, we respectfully request the urgent intervention of the Honourable Excellency Asiwaju Bola Ahmad Tinubu, the Commander In Chief of the Armed Forces and President of the Federal Republic of Nigeria, as well as Mr. Vice President Distinguished Senator Kashim Shettima GCON. Additionally, we call upon the National Assembly of the Federal Republic of Nigeria, both the Upper House and the Lower House of Representatives, the Nigerian Governors Forum, the Federal Ministry of Justice, the Nigerian Human Rights Commission, the Nigerian Bar Association, the National Darikatul Tijjaniyya, the National Izalatul Bidiya Wa'iqamatus Sunnah, and the National Christian Association to heed this urgent appeal.


It is imperative that swift action is taken to address the plight of the Npower beneficiaries and ensure that they receive their overdue backlogs payments without any further delay. We implore your compassion and commitment to justice in resolving this pressing issue.


Thank you for your attention and anticipated prompt action in bringing relief to the Npower beneficiaries in need.


Sincerely,


[Hon.Comrade Mustapha Ali Buni, The Political Pillar]


Recall that Npower was suspended by President Bola Ahmed Tinubu in January over alleged misappropriation of public funds in the Ministry for Humanitarian Affairs and Poverty Alleviation by Betta Edu the ex-Minister for Humanitarian Affairs and Poverty Alleviation.

Over Thirty Thousand Nigerian Students Have Been Shortlisted To Benefit From Student Loan - Senate President, Godswill Akpabio

The Senate President, Godswill Akpabio, has announced that more than thirty thousand Nigerian students have been selected to benefit from the student loan scheme introduced by President Bola Ahmed Tinubu.


Senate President, Godswill Akpabio said this in a statement on Tuesday during his visit to the Nigeria Institute of Legislative and Democratic Studies in Abuja.


Senate President, Godswill Akpabio said the Student Loan bill was one of the most significant pieces of legislation passed by the tenth Assembly of the country.


Senate President, Godswill Akpabio stated that the bill allows underprivileged children to pursue higher education without the burden of financial constraints or financial burdens.


Accordingly, Godswill Akpabio said that was what made the legislature most appealing to him as the Senate President.


“One of the most important bills for the tenth Assembly was the bill sent to us by President Bola Tinubu. The Student Loan Bill enables vulnerable Nigerian students, the less privileged to obtain higher education.


“And as I speak to you now, over thirty thousand Nigerian students have already been selected to benefit from that scheme.


“That is one of the bills I will say appeal to me the most,” Godswill Akpabio said.


What you should know about the student loan 


The revised Student Loan Act 2024 was established to remove financial barriers, burdens, limitations and constraints faced by students 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 commences two years after the beneficiary completes the NYSC program.


Source: https://nairametrics.com/2024/06/19/student-loan-over-30000-nigerian-students-have-been-selected-to-benefit-from-scheme-godswill-akpabio/


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/

17 Jun 2024

Too Much Paperwork, Illegal Admission, Others Affecting Student Loan Application - NELFUND

According to Owede Agbajileke the absence of digital records of students in most schools, as well as the lethargic response from some tertiary institutions, among others, are part of the encumbrances that are slowing down the implementation of the Federal Government’s students loan scheme.


As applicants in public tertiary institutions scramble to apply for the student loan scheme of the Federal Government, the inability of most public tertiary institutions to fully transition from manual to digital database is slowing things down.


This comes as Information Technology (IT) experts have confirmed that most government tertiary institutions have no digital database of their students.


In the same vein, the exposé by the National Association of Nigerian Students (NANS) that most federal tertiary institutions are yet to upload information of their students to the students’ loan portal, may have opened a Pandora’s box over public universities’ lack of digital database for students’ population.


At a recent press conference, the Managing Director/Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Dr. Akintunde Sawyerr, said that out of the over sixty thousand successful applications so far, thirty thousand applicants from one hundred and nineteen institutions successfully applied for the student loan in 7 days.

Although Dr. Akintunde Sawyerr said that “90%” of the one hundred and twenty six Federal Government-owned institutions have successfully uploaded information of their students, Dr. Akintunde Sawyerr, however, added that not all details of students have been successfully uploaded by the institutions. It would be recalled that NELFUND had said that 1,200,000 students from Federal Government-owned universities, polytechnics, colleges of education, and technical colleges were expected to benefit from the first phase of the student loan scheme.


Investigations from reliable sources disclosed that NELFUND’s insistence that the Joint Admission and Matriculation Board (JAMB) details of students, and other particulars should form part of the requirements for accessing the student loan facility, is already causing sleepless nights for public higher institutions across the country.


The lack of a digital database, it was observed, partly explains why most tertiary institutions are foot-dragging in submitting complete students’ information to NELFUND, which has threatened to name and shame tertiary institutions with incomplete student information on June 24.


A glance at NELFUND’s student loan website disclosed that while students of one hundred and twenty six federal tertiary institutions are eligible to apply for the student loan scheme, with 1,200,000 students billed to benefit in the first phase of the student loan, reports disclosed that most of the tertiary institutions have no JAMB records of their students.


At a Pre-Application Sensitisation Press Conference, Dr. Akintunde Sawyerr said that only students whose institutions have completed and uploaded their students’ information on its student loan application portal would be eligible to apply for the student loan.

Asides the JAMB admission records, Dr. Akintunde Sawyerr listed other requirements needed to apply for the student loan, National Identity Number (NIN), Bank Verification Number (BVN), and completed student loan application form from its NELFUND student loan website among others.


Investigations, however, disclosed that skewed admission processes as well as shady deals in some tertiary institutions, without recourse to JAMB admission letters, may have been responsible for the lethargic response.


A credible source in NELFUND, disclosed that tertiary institutions are also holding back on uploading information of their students because some of the admissions did not follow due process.


“Part of the problem that we have is that, in their craving for money, most tertiary institutions gave admission to students without following due process. It will shock you to know that in an institution with say five thousand student population, only a little over 50% have JAMB admission letters. They came in through other means and what you call paddy paddy arrangement.

“Now we have asked for the real identity of their students by providing JAMB admission details, and the majority of them can’t provide it. They never knew a day like this would come,” the source who did not want to be named because of the sensitive nature of the matter, revealed.


Another official from NELFUND said that the situation is even worse at state universities where governors are the visitors. There, admissions are given to governor’s recommended candidates without the necessary paperwork,” he alleged.


Also, another challenge that institutions are grappling with, is sending the wrong students’ information to NELFUND, as recounted by a distraught parent whose son attends the Federal University of Technology Akure (FUTA). The father, Alabi Ademola, was disappointed that his son was unable to apply for the student loan scheme because his university uploaded the wrong matriculation number.


Alabi Ademola words: “The students’ loan scheme is a good development towards the advancement of education as it will help children of the poor to have access to higher education. During my time at the University of Ibadan, some of my mates resorted to washing dishes at various bukaterias within the campus to pay their school fees, faculty, and departmental fees.


“With the coming on board of this loan scheme, students from poor homes will be able to go to the universities and concentrate fully on their studies.


“My son has been trying to input his information into the portal, but his university is making things difficult because his matriculation number couldn’t be accessed by the loans’ board. The fault is from his university. Most of these universities have no digital database systems, and this is very unfortunate”.


Alabi Ademola called on schools to upscale the process of transiting from paper to digital information systems and transmit the same to NELFUND as soon as possible, adding that his son has lodged a formal complaint with the school’s IT Department.

However, the Federal University of Akure (FUTA) is not alone. In the University of Abuja (UNIABUJA) for instance, a final-year student lamented that some students were admitted without JAMB admission letters.


“We are in the Second Semester at the moment, but some of us are just receiving our admission letters as final-year students, and this has deprived us of several opportunities. Some of my colleagues are still waiting for their JAMB admission letters as I speak.”


The first phase of the student loan programme was launched recently for federal tertiary institutions, and NELFUND said those of state tertiary institutions would be announced in due course.


A couple of weeks back, the National Association of Nigerian Students (NANS) frowned at the lethargic response of federal tertiary institutions to the student loan initiative, even as the umbrella body of Nigerian students accused most federal institutions of failing to upload information of its students to the NELFUND's student loan database.


This, NANS lamented, would hinder the application of students in the affected institutions.


NANS President, Lucky Emonefe, made the allegation in a memo seen by The Guardian to all Student Union Government (SUG) presidents, chairmen of NANS Joint Campus Councils, as well as zonal coordinators of the association.


Lucky Emonefe called on the student 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 its students’ information to NELFUND, would be excluded from accessing the student loan.

Commenting on the dearth of digital information systems in universities, some Information Technology experts told disclosed that most public tertiary institutions have no digital database requested by NELFUND, emphasizing that what they have is a manual or paper database.


A data analyst, Joseph Dokhare, pointed out that this explains the lethargic response from tertiary institutions in uploading the student's information on the NELFUND's student loan website. This, Joseph Dokhare revealed, would pose a serious challenge for applicants, as it takes snail speed for universities to transition from paper database to digital format.


Joseph Dokhare said: “Public tertiary schools have information of their students. However, the challenge is the bureaucracy of transferring these information to the NELFUND portal. It’s just like when you apply for a transcript. You have to follow up with your school to ensure they forward the transcript to the university when you are applying for a new programme. So, if this is the hurdle that we pass through in Nigeria just to get our transcripts, how much less a loan that you are not paying the school directly? And the body (NELFUND) is requesting your school to send your information to them. It is going to be a huge bureaucracy for the schools.


“But in terms of whether the schools have the data, yes they have it. Some have it manually or in hard copy. Most of the schools in Nigeria still use manual processes for handling transcripts. For instance, after you apply for your transcript upon finishing from the Mathematics Department, the Exams Office will go to your former department and confirm your raw scores; write them out, and all of that. That’s what takes time. They still do manual processing because they don’t have their results digitised. So, in the same way, many schools don’t have digital records of students’ data. But they have it in hard copy. So, that’s going to create a serious bureaucracy for students to apply for the loan.”

Also, a security operations centre (SOC) analyst, Nandom Mutfwang, said the major challenge for tertiary institutions is digitising their database.


This, Nandom Mutfwang said, would create massive jobs in the Information Communication Technology (ICT) sector as higher institutions would have to onboard Information Technology experts to convert the paper database into digital form.


“That is why data entry jobs are popular abroad because of things like this. Imagine a school with over five thousand students and all their data is on paper. They need to make everybody’s data available online. If they are not doing it and they want to start, they have to start with past students, meaning any new student coming in would either be done immediately or would have to wait for the bulk to be done. So, it’s a complicated situation. I don’t think the students’ loan was a well-thought-out plan. It was a good idea to sell.” Throwing more light on the matter, Mutfwang explained that having a functional website does not necessarily translate to possessing a functional database, noting that while private tertiary institutions have digital databases, the same cannot be said of their public counterparts.


“A functional website is a front-facing website; people who want to see what your school is about, publications, and alumni associations. Some of these public schools, if you ask them, can’t check their results online because there is no database. The database I am talking about is not for the front-facing website but a backend arrangement. It’s for the registrar’s office specifically. In each school, the registrar’s office is meant to have a database of all students, their payment information, academic records, and so on.

“It’s visible to the blind, audible to the deaf, private higher institutions have digital databases compared to their public counterparts. So, if they want to track when you come into the school, they can track it from the database and not on paper. It’s only in public schools that you will be moving from office to office looking for your results…” Nandom Mutfwang stated.


Commenting on the development, NELFUND's Media and Public Relations Lead, Nasir Ayitogo, said: “Out of 100% of the challenges, over 50% are from the institutions because some of the institutions are yet to upload their institutional fees schedule. Secondly, some schools have yet to upload data on their students. If you don’t upload data of your students on our students verification system, there is no way such students will find their details on the portal.


Another challenge is on the side of the students majorly. It is the challenge of typographical errors when they are entering their email addresses. Some of them enter the wrong email addresses, and verification codes are sent to the wrong email addresses.


Nasir Ayitogo noted that some schools are already responding, and he was upbeat that the hurdles faced would be surmounted in no distant time.


In what appears a twist, a source at the Federal University of Technology Akure (FUTA) blamed the doorstep of NELFUND, insisting that the university is yet to receive formal communication from NELFUND regarding the student loan facility. He said: “I can confirm that the university is awaiting further instruction about what to do. We are yet to upload the (students’) data. They have not asked us to do so. We don’t have a communication yet with NELFUND.”


When they reach out to us we will do the needful. I don’t think it has gotten to that stage yet”.


Reacting, the Director, Corporate Communications & Protocols, FUTA, Adegbenro Adebanjo, stressed that the challenges encountered by students is not peculiar to the school but “all students in Nigeria.”


In his words: “We work in the system with relevant bodies and organisations. And the moment they ask us to do anything relating to our university, we do it with dispatch, and excellently too. When we get to that stage, we will do what we are told to do”.


But in a chat with our correspondent, the NELFUND's spokesperson insisted that NELFUND formally communicated to all universities through the Committee of Vice Chancellors, as well as the National Universities Commission (NUC).


Nasiru stated: “NELFUND wrote to the Committee of Vice Chancellors, which the FUTA VC is part of and also wrote through the NUC, and the NUC has confirmed that a communication was sent to all the universities to submit their data and fees schedule to the Students Verification System (SVS)”. On its part, the University of Abuja (UNIABUJA) through its Director of Public Relations, Dr Habib Yakoob, maintained that several students could access the portal. On the delay in transmitting from manual to digital database, Dr Habib Yakoob said: “There is no delay. We are there already. The integrated portal is an evidence of digitalisation.”


Source: https://guardian.ng/students-loan-application-surmounting-analogue-database-shady-admission-hurdles-others/

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