President Bola Tinubu (GCFR) Has Sign Into Law The Students Loan Bill Which Provides For Interest Free Loan To Indigent Nigeria Students.

By

Steps to access the student loan




The Student Loan Bill which is now Law officially known as AN ACT TO PROVIDE EASY ACCESS TO HIGHER EDUCATION FOR NIGERIANS THROUGH INTEREST FREE LOANS FROM NIGERIAN EDUCATION BANK ESTABLISHED was Sponsored by Hon. Femi Gbajabiamila


Students applying for loan under this Act must apply to the Chairman of the Bank through their respective institutions upon satisfaction

of the following conditions:

(i) Student must have secured admission into any public Nigerian

University,Polytechnic, COE or TVET school


Applicant income or family income must be less than N500,000 per annum;Applicant must provide at least two civil servants as guarantors: of not less than level 12 years in service; or a Lawyer with at least 10 years post-call experience; a

Judicial officer; or a Justice of Peace.


Students who have defaulted in previous loans; found guilty of exam malpractices, felony, drug offenses will not be considered.

Students with parents who have defaulted in respect of previous loans will not be considered.


All Applications will be submitted through the Students Affairs Office of each Institution via a list of all

qualified applicants from the institution accompanied by a cover letter signed by the Vice Chancellor or Rector or the head of the institution and the student affairs.


Any beneficiary of the loan to which this Act refers shall

commence repayment two years after completion of the National Youth Service Corps programme.

(Repayment shall be by direct deduction of 10% of the

beneficiaries salary at source by the empioyer.


Where the beneficiary is self employed, he shall remit 10% of his

total profit monthly to the Students loan account to be prescribed by the Bank.

Comments

Post a Comment

Popular posts from this blog

Who is IBB (Ibrahim Bababgida)

By
Image
The Maradona was burn on the 27th of August in the year 1941. The best military Nigerian president who will never be forgotten in Nigeria history.  Ibrahim Bababgida was 82 years of age this year on the August 27th 2023. Nigeria people calling him the honour military man that has ever exist in Nigeria. What he does for Nigeria are as follows: - he created Yobe state,  - he created Katsina state, - he created Taraba state, - he created  Jigawa state,  - he created Kebbi state - he created Enugu state, - he created Edo state, - he created Delta state, - he created Osun state. - he created Akwa Ibom state,  - he created Federal Road Safety Corps  - he created State Security Service (SSS) - he created National Intelligence Agency (NIA) - he created Defence Intelligence Agency (DIA).  - he built Asorock Villa.  - he built Third Mainland Bridge, the largest bridge on the continent at the time.  - he completed the Shiroro Hydroelectric Power Station...
Read more

Federal Government May Raise Minimum Wage to N200,000, to Take Decision Soon.

By
Image
There are strong indications that the federal government is favourably disposed to raising the minimum wage to as high as N200k per month as demanded by the organised labour in the country. However, state governors are urging for caution while Anambra State governor Charles Soludo has been asked to chair a Technical Working Group (TWG) to resolve the issues and its various dimensions. LEADERSHIP gathered that the matter was discussed at the last month's National Economic Council (NEC) meeting and it was there that the Salaries, Incomes & Wages Commission made a presentation on how the federal government can meet up with the demand of N200,000 per month minimum wage. Sources, who spoke with Empowered News Network, revealed that President Bola Ahmed Tinubu is specifically and personally convinced that the demand of the organised labour is not unrealistic pointing to his campaign promises as a proof of his readiness to handle the challenge. Recall that President Tinubu as presiden...
Read more

Cassava Stick To Chase Away Wall Geckos In Your Rooms.

By
Image
Wall gecko. This little creature called wall gecko is one of the most powerful animals used by spiritual forces to perpetrate their nefarious act against human beings in the spiritual realm. Don't forget that spiritual controls the physical. Before anything manifests in the physical, it would have first been perfected in the  spiritual realm.  When forces want to come to where you're living and have personal contact with someone, they use wall gecko. It is simply for monitoring and to deposit some spiritual problem in the life of the host.  Anytime you see wall gecko in your room, or any part of the house, just know that, a particular force is already operating in your house and by extension, your life. At times, they will be hiding and you won't notice and they would be carrying out their assignment silently. The silent one is the most deadliest. With this, things would stop operating the way it should. Many things would start going wrong. Whatever it would take you, onc...
Read more

TIMELESS CONCERT IN OSUN STATE THIS YEAR - DAVIDO.

By
Image
Following the victory of his uncle, Governor Ademola Adeleke, at the Supreme Court, afrobeats star, Davido has announced plans to hold a musical concert in Osun State. We reported that the apex court on Tuesday affirmed Adeleke's victory in the July 12, 2022, governorship election in Osun State. Taking to his Twitter handle shortly after the judgement, Davido announced plans to hold a "Timeless concert" in Osun State later in the year. He wrote, "Timeless concert in Osun this year ?? @Tunegee ??? Cc @AAdeleke_01." Recall that Governor Adeleke attended Davido's "Timeless concert" at the Tafawa Balewa Square in Lagos last month.
Read more

Lagos State Governor Delivers The First Electric Buses in Nigeria.

By
Image
Governor Babajide Sanwo-Olu announced that the Lagos government has received the first batch of electric buses for public transportation, making it the first state in Nigeria to do so. Sanwo-Olu emphasized the advantages of electric buses, such as their ability to decrease carbon emissions and increase efficiency, and stated that the people of Lagos can now benefit from cost-efficient transportation. The governor attributed the success of the initiative to the state government's collaboration with Oando Clean Energy Limited. Lagos State Government's Statement on Electric Buses "With the ability to travel 280km at full charge, taking into account our unique travel times in Lagos, our electric buses are a game-changer. With an average daily usage of 200km by existing BRTs, there is no need to fear that the buses can stop while in transit" "Our new electric buses will not only reduce carbon emissions but will also increase efficiency. This means that Lagosians can s...
Read more

Tricycle Driver Strung Up For Killing Passenger Over #50 In Bayelsa.

By
Image
A keke driver has been lynched to death shortly after he stabbed a young man named Douglas Joseph to death over N50. According to reports the incident happened in Yenizue-Epie community of Yenagoa Local Government Area, Bayelsa State. The passenger who was stabbed by the Keke driver, Douglas Joseph, 30, was a native of the community and a father of three. According to an eyewitness, the keke driver charged the passenger a fare of N150 which was supposed to be N100. The passenger, Douglas did not agree to pay the fare and it ended in a fight. "He said he was coming from Opolo community to Kpansia which was supposed to be N100, but the Keke rider insisted on collecting N150. "As we were separating them, we saw the Keke rider bring out a dagger. We thought it was just to scare the youth. But he stabbed him on his lap and the young man fell to the ground. People prevented the Keke rider from running away. Unfortunately, the wounded victim died. Following the death of the passenge...
Read more

BREAKING NEWS: Emefiele With 29 Foreign Bank Accounts.

By
Image
Godwin Emefiele has 29 foreign account, this was confirmed by the DSS this morning and investigation has not yet complete with one. The total amount of smuggle with one account from 29 foreign account is #88 billion Naira Research shows that Emefiele has more than fifty cars in his compound. The lesser one is nothing less than #60 million Naira. Video below.  – EMEFIELE  God have mercy on us.
Read more

Augusta Osedion: Phyna Attacked On Social Media.

By
Image
Winner of Big Brother Naija Season 7, Josephine Otabor, popularly known as Phyna, has come under heavy criticism on social media following an insensitive comment on Augusta Osedion's death. It would be recalled that the death of popular Instagram Influencer, Augusta Osedion, who was murdered by her boyfriend Benjamin Best aka Killaboi caused an outrage. This was after 26-year-old Killaboi, who describes himself on Instagram as a blockchain developer and crypto purveyor, took to social media to confess to the alleged crime on his Instagram Story. Reacting to the story of the young man who murdered his girlfriend of three years in Lagos, the reality star, via her snap chat, mocked those 'Killing themselves' in a romantic relationship. She wrote: 'So them dey kill each other for this relationship thing, God abeg ooo.' She further urged young women to be wary of the type of men they go into a romantic relationship with. "shine ye eye.. my gender shine your eye oh, ...
Read more