BREAKING: NELFUND postpones student loan application for state varsities – Newstrends
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BREAKING: NELFUND postpones student loan application for state varsities

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BREAKING: NELFUND postpones student loan application for state varsities

The Management of the Nigerian Education Loan Fund (NELFUND) announced on Tuesday a 14-day postponement of the student loan application process for state institutions due to “low data submissions.”

The delay is caused by several state-owned institutions not uploading the required student data and fee information to the NELFUND Student Verification System.

According to a statement by NELFUND in Abuja, only a limited number of state-owned institutions have completed the data submission process: 20 out of 48 state universities, 12 out of 54 state colleges, and 2 out of 49 state polytechnics.

This insufficient data submission poses significant challenges to ensuring a seamless and accurate verification process for student loan applicants.

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The application window, originally set to open on June 25, 2024, will now commence on July 10, 2024. The extension is intended to provide additional time for state institutions to comply with the data submission requirements, ensuring that their students can benefit from the Federal Government’s student loan scheme.

To facilitate an efficient and error-free application process, it is crucial that all state institutions provide complete and accurate information. This includes JAMB numbers, matriculation numbers, admission numbers, full names, level, faculties, departments, program duration, fees, and the gender of all eligible students.

Incomplete or incorrect data submissions will result in application delays and potential disqualification for affected students.

The fund urged all state institutions to expedite their data submission processes and ensure the accuracy of the information provided. Institutions that fail to meet the revised deadline risk disadvantaging their students, who depend on these loans to support their education.

BREAKING: NELFUND postpones student loan application for state varsities

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Dangote Refinery may not get Nigeria’s crude as peace meeting fails

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Dangote Refinery may not get Nigeria’s crude as peace meeting fails

The truce meeting brokered by the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri, to resolve the heated dispute between the Dangote Refinery on one hand and state-run entities, the Nigerian National Petroleum Company Limited (NNPCL), Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Nigerian Midstream and Downstream Petroleum Regulatory Agency (NMDPRA), has failed to resolve the contentious issue of crude supply to the former’s new 650, 000bpd refinery,.

THEWILL reports that  Africa’s richest man and industrialist, Aliko Dangote and his company had alleged sabotage and conspiracy against the $20bn Dangote Refinery by key officials in the NNPC, international oil companies and the regulatory agencies, who they claimed would rather continue their corruption-ridden importation of poorly refined petroleum products into the country instead of ensuring that the Dangote Refinery gets adequate crude oil for its plant, which started producing and selling very low sulphur diesel and Jet fuel some weeks ago to both local and international buyers.

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THEWILL’s authoritative source, who was privy to the deliberations at the meeting, which was held at the Minister’s office in Abuja on Monday, said, “The summary of what transpired is that the meeting was a waste of time. The NNPC, NMDPRA, NURPC said they do not have crude oil to supply the Dangote Refinery and appear not to be interested in doing so under any arrangement anytime soon.”

Dangote represented his group at the meeting, while Mr. Farouk Ahmed, the CEO of the NMDPRA, who had said Dangote Refinery produces poor quality products, represented his agency. Mr. Gbenga Komolafe, the Chief Executive Officer of the NUPRC and Mr. Mele Kyari, Group Chief Executive Officer of the NNPCL represented their entities.
It is unclear when the parties would meet again as both the Senate and the House of Representatives have commissioned an investigation into the quality of diesel imported into the country by the NNPC.

Dangote Refinery may not get Nigeria’s crude as peace meeting fails

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BREAKING: Senate passes minimum wage bill within an hour

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BREAKING: Senate passes minimum wage bill within an hour

The Senate passed a Bill on Tuesday, July 23, amending the National Minimum Wage Act to increase the minimum wage from N30,000 to N70,000 after the first, second, and third readings.

By this development, the bill will now await the concurrence of the House of Representatives before it is transmitted by the Clerk to the National Assembly, Sani Magaji Tambawal, to President Bola Tinubu for assent into law.

After the Bill titled: “Minimum Wage Act (Amendment) Bill, 2024 (SB. 550)” was read for the first time, Majority Leader, Opeyemi Bamidele moved a motion that the Senate should suspend its relevant rules to enable the Senate to consider the Bill for Second and Third reading.

Senator Bamidele while leading the debate on the general principles of the Bill, said it seeks to amend the National Minimum Wage Act, 2019 to increase the National Minimum Wage and reduce the time for periodic review of the national minimum wage from five years to three years and related matters.

He urged his colleagues to support the passage of the bill.

The Majority Whip, Senator Mohammed Tahir Monguno, seconded the motion and lauded the provision which has reduced the interval for periodic review of the Minimum Wage Act from five to three years.

No Senator opposed the Bill during its consideration by the Committee of the Whole.

The Senators also unanimously approved that the Bill be read for the third time and passed when it was put to voice vote by Senate President Godswill Akpabio.

BREAKING: Senate passes minimum wage bill within an hour

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BREAKING: Imo senator, Onyewuchi, quits Labour Party for APC

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Senator Ezenwa Onyewuchi

BREAKING: Imo senator, Onyewuchi, quits Labour Party for APC

The senator representing Imo East Senatorial District, Ezenwa Onyewuchi, has dumped the Labour Party (LP) and joined the All Progressives Congress (APC).

Onyewuchi also declared his support for President Bola Tinubu’s administration.

His letter of defection was read on the floor of the red chambers by Senate President Godswill Akpabio, on Tuesday, July 23.

Recall in 2022, Senator Onyewuchi left the Peoples Democratic Party (PDP) to join the Labour Party (LP).

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Onyewuchi was also a former member of the House of Representatives – Owerri-Municipal/Owerri-North/West-Federal Constituency

The letter partly reads: “This decision is due to the intractable division and crisis in the labour party that sponsored my election into the senate.

“We give our unflinching support to Asiwaju Bola Tinubu and of course, support his administration aimed at achieving sustainable development for our country.”

BREAKING: Imo senator, Onyewuchi, quits Labour Party for APC

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