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NELFUND opens portal for 1st phase of students loan application

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The Nigerian Education Loan Fund (NELFUND) has opened the application portal for the first phase of the student loan scheme, for students from federal institutions across the country.

The loan website which became active in the early hours of Friday had the scheme’s pilot phase opened to students of federal tertiary institutions.

The Media and Public Relations Lead of NELFUND, Mr Nasir Ayitogo, listed the step-by-step application for the loan.

Ayitogo listed the procedures as:

CREATING AN ACCOUNT

Step 1: visit www.nelf.gov.ng

Step 2: Click on the “Apply Now”

Step 3: Click on “Get Started”

Step 4: Answer the questions on this page to continue by clicking on “Yes, I am a Nigerian”

Step 5: Verify your educational information. You would be required to select your school from a dropdown and provide your matric number to check if your school has uploaded your details.

Step 6: Click the “Verify with JAMB” and enter your JAMB details in the screen.

(Students whose NIN has not been registered with JAMB will have an input field where they can enter their NIN for validation.)

Step 7: Create an account by entering your Email address, Password and Confirm Password in the fields provided and click “Create Account”.

Step 8: Click the email verification link sent to your email.

This concludes the process of creating an account.

HOW TO COMPLETE YOUR PROFILE :

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

Step 1: Enter your email address and password to Login.

Step 2: Click on the “Proceed to Contact Details” button.

Step 3: Update contact details with the current information of your Phone Number, Full Residential Address, State of Residence and Local Government Area of Residence and click “Proceed to Educational Details”.

Step 4: Update your educational details by selecting your Higher Institution and inputting your Matric Number, then click “Proceed to Account Details”

Step 5: Verify your BVN by entering your BVN, select your Bank Name and enter your Account Number. Click “Save Changes” to complete your profile.

LOAN APPLICATION

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

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

Step 3: Upload supporting documents. The admission letter is compulsory while the Student ID and Institution Invoice are optional.

Click the checkbox for the policy and declaration and click “Continue”

Step 4: Read the loan overview and click the checkboxes for both the Terms & Conditions and GSI Mandate then click “Submit Application”

Step 5: Click on the “Loans” button to view the status of your application.

The News Agency of Nigeria (NAN) reports that President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students.

The scheme, which was supposed to have taken off in October 2023, was deferred until a re-enactment in April 2024.

However, NELFUND finally scheduled the opening of the loan application and issuance portal for May 24, which is now in operation.

(NAN)

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Education

Oyedepo advises universities to invest more on research

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Oyedepo advises universities to invest more on research

The Chancellor of Covenant University, Ota in Ogun State, Dr Bishop David Oyedepo, has advised universities in Nigeria to invest more in research to proffer solutions to numerous challenges confronting the country.

Oyedepo gave the advice in an interview with the News Agency of Nigeria (NAN) on Tuesday in Ota, Ogun.

He said that universities should be solution centres, with life-applicable solution outputs that would solve problems in Nigeria and other nations of Africa.

The chancellor said that it was time for universities to arise and begin to wage intellectual wars against social vices with all zeal and zest.

Oyedepo said that the country needs to begin to see the dividends of university education.

“No institution loses value until it stops solving problems.

“Also, the relevance of any university is in the problem it solves,” he said.

Oyedepo said that the ability of universities to make huge investment in research would help to solve the country’s challenges and proffer solutions to myriads of global problems.

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Education

Peter Obi Fulfills Pledge, Donates Bus, N5m to Kogi Nursing College

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Peter Obi Fulfills Pledge, Donates Bus, N5m to Kogi Nursing College

Peter Obi Fulfills Pledge, Donates Bus, N5m to Kogi Nursing College

Former Labour Party presidential candidate, Mr. Peter Obi, returned to Grimard College of Nursing Sciences in Anyigba, Kogi State, on Tuesday to fulfill a promise made during a previous visit.

Obi had earlier donated ₦10 million to the college to support learning and pledged to assist further in meeting their urgent needs for accreditation.

During his visit three months ago, the Proprietor and Rector informed him that the school’s immediate need was a 32-seater coaster bus for students’ clinical experience trips.

After discussions with Bishop Most Rev. Dr. Anthony Adaji, Obi was told that a fairly used bus costing between ₦20 million and ₦30 million would be sufficient, as the price of a new bus had risen above ₦100 million.

True to his word, Obi returned to the college to present a fairly used bus within the specified range, aiding the students’ clinical assignments.

He also donated an additional ₦5 million to cover the cost of the bus’s registration, insurance, and other expenses for a year.

Obi expressed his gratitude to the institution’s leadership for their warm reception and commended their efforts in advancing education and healthcare.

He reassured them of his continued support, emphasizing his commitment to building a better Nigeria.

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Education

ASUU threatens indefinite strike, says FG fails to honour agreement

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ASUU threatens indefinite strike, says FG fails to honour agreement

The Academic Staff Union of Universities (ASUU) has threatened to embark on indefinite strike over failure of the Federal Government to honour the 2009 aggrement reached with it.

Prof. Timothy Namo, the Bauchi Zonal Coordinator of the union said this during a news conference on Friday in Jos.

Namo said that the union after its National Executive Council (NEC) held between Aug. 17 and Aug. 18, issued a 21-day ultimatum.

“As we speak, government has not honoured any of the agreements or address our concerns.

“At the expiration of the 21-day ultimatum, we again issued another 14-day ultimatum that commenced from Sept. 23.

“So, we want Nigerians to blame the federal government if ASUU decide to down tools and shut down public universities,” he said.

Namo highlighted the lingering issues to include, non conclusion of the re-negotiation of the 2009 agreement, non release of the three-and-half month salaries of academic staff, unpaid salaries of all academic staff on adjunct appointment and outstanding third-party deductions.

Other lingering issues he said were, poor funding for the revitalisation of public universities, none payment of Earned Academic Allowances (EAA) as captured in the 2023 budget, proliferation of universities, non implementation of the reports of visitation panels to universities, among others.

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