Education
Bank of Industry disburses N2bn to NYSC Graduates
The Executive Director, Small and Medium Enterprise in the Bank of Industry (BOI), Shekarau Omar, on Tuesday, hinted that it has disbursed about two billion naira to graduates in partnership with the National Youth Service Corps (NYSC).
It announced its willingness to engage the graduate’s Graduate Employability Skills and Terraskills (GES) Foundation by helping them take their interest to the next level.
Omar gave this hint at the official launch of the Graduate Employability Skills – Maiden Edition – organized by TerraSkills Learning Systems Limited in Abuja
According to him:” Bank of Industry have graduates empowerment scheme in collaboration with National Youth Service Corps and have disbursed close to two billion naira to Corps members who are about leave the camp. We train them on various skills and quite a number of them are doing very well on their own.
“Capacity building is key to improving the economy. I have gone through the document and the seven objectives are equivalent to 100 or 200-page documents that is what we need at various levels in Nigeria, if we are able to do this a lot of people will not be roaming the streets carrying arms or doing drugs. If you build people’s capacity, you are building their lives.
” If you give people knowledge in terms of capacity, you have given them power for life. What Tarraskills is doing today is saving lives. We are looking forward to many Nigerians that can join this train in given capacity to Nigerians”, he added.
Similarly, the Director General of, the Industrial Training Fund (ITF), Sir Jose Ari said what has given the west edge over Africans is skills and they have used their skills to develop their economy.
He added that it is not sufficient for us to have a graduate with a certificate who is hungry and another with skills and has food on the table. You can have the certificate and be hungry and you might have skills and you will never go hungry. So we must find the meeting point and that is what we are talking about today.
Ari further stated that unemployment is a common thing in most homes, is either your siblings, husbands, wives, family, or friends are unemployed and to overcome these challenges we need skills.
He said what skills do in terms of employment is that its skills enhance productivity either at the individual or national level.
For us at ITF, we see skills as the currency of the 21st century because of what drives economic skills. You must have skills to be able to multitask when necessary.
Earlier in his address of welcome, the General Manager, Terraskills Learning Systems Limited, Donald Ogbuwa said they have been able to train over 4000 graduates between the ages 20 and 30 on different skills.
According to him:” The Terraskills Learning Systems Limited founder, Senator Aliyu Sabi Abdullahi, the Deputy Chief Whip discovered the challenge of skill mix match among graduates and took it upon himself to find a solution to bridge the skill gap among the Nigerian graduates and workplace requirements.
“The issue of kidnapping, banditry, and terrorism are all problems of unemployment. When you are skilled and employed you will become a hot cake in any industry.
“This Programme provides tools and resources needed to build up graduates which will give significant and lasting impact on all graduates that have benefitted from the programme”, he said.
The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep payments to students who successfully updated their bank account details from digital wallets to commercial bank accounts.
This was announced in a statement released on Friday in Abuja by the Director of Strategic Communications of the Fund, Mrs. Oseyemi Oluwatuyi.
Oluwatuyi described the development as a significant breakthrough in addressing earlier disbursement delays.
“Over 3,600 students, who previously registered with digital-only banking platforms, have now successfully received their backlog of upkeep payments after updating their details to conventional commercial bank accounts on the NELFUND portal,” she stated.
“We appreciate the patience and understanding of all affected students during this period. Your resilience and cooperation have made this progress possible,” she added.
The NELFUND spokesperson advised students who have yet to update their bank details to raise a support ticket via the official NELFUND portal to request access for the update.
She further urged affected students to report through the IT office of their respective institutions, which would compile and forward all related cases to NELFUND for prompt resolution.
“NELFUND remains committed to ensuring that no eligible student is left behind. This resolution process is part of our broader effort to enhance the efficiency, transparency, and student-centered delivery of our support services,” she said.
Oluwatuyi encouraged students to continue engaging only through official NELFUND channels and to assist their peers who may need help navigating the update process.
She also provided contact options for inquiries, stating that the fund can be reached via email at info@nelf.gov.ng or through its official social media handles: X (formerly Twitter) @nelfund; Instagram @nelfund; and Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND.
The Nigerian Education Loan Fund (NELFUND) has issued a directive to all accredited tertiary institutions to verify and upload their students’ data on the newly digitised Student Loan Application System (SLAS).
This was disclosed in a statement released in Abuja on Wednesday by the Director of Strategic Communications at NELFUND, Mrs Oseyemi Oluwatuyi.
According to Oluwatuyi, the SLAS platform has been fully digitised to streamline and accelerate the student loan processing experience for both institutions and applicants.
“With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications,” she said.
She described the move as “a critical step that ensures the timely processing and disbursement of approved student loans.”
Institutions that have not yet been onboarded onto the system, she said, are advised to send an access request to registration@nelf.gov.ng without delay.
“Once granted access, institutions will be able to view a real-time dashboard of their students’ loan applications, verify submitted data, and track the status of each application,” Oluwatuyi explained.
She called on all institutions to take immediate action in the interest of their students, stressing that verification and data upload by institutions are mandatory steps before final approval and disbursement of loans can be completed.
On the students’ side, Oluwatuyi noted that if an application status currently shows “Verified,” it means the application has passed initial checks. However, final approval and disbursement depend on the institutions’ confirmation and data upload.
“Once this process is completed, your status will be updated to ‘Disbursed’ when the payment of your fees has been processed,” she added.
She also encouraged students to reach out to the fund for assistance via email at info@nelf.gov.ng.
Other official communication channels include:
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X (formerly Twitter): @nelfund
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Instagram: @nelfund
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Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND
The National Universities Commission, (NUC), has given full accreditation to the Enugu State University of Science and Technology (ESUT), for her Law programme.
According to the Public Relations Officer of ESUT, Mr Ikechukwu Ani, this is contained in a letter addressed to the institution’s Vice Chancellor, Prof. Aloysius Okolie, on Wednesday in Enugu by the NUC.
Ani said that in the letter, the Executive Secretary of NUC, Prof. Abdullahi Ribadu said the report was contained in the result of the October/November 2024 accreditation of academic programmes in Nigerian universities.
Ani disclosed that other programmes in the institution accredited by the NUC include Master of Science in Business Management; Education Computer Science; Education Physics and Agricultural Engineering.
Other accredited programmes he said were Quantity Surveying; Urban and Regional Planning; and Applied Microbiology.
He said that the letter quoted Section 10 (1) of the Education National Minimum Standard and Establishment of Institutions, Act CAP E3, Laws of the Federation of Nigeria 2004 as empowering the NUC to lay down minimum academic standards for all academic programmes taught in Nigerian universities.
He said the session also empowers the NUC to accredit such programmes.
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