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Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts - Education (2) - Nairaland

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Student Loans Will Be Disbursed Directly To Institutions – FG / Buhari Approves N75,000 Stipend For Education Students In Public Universities / Companies Offering International Student Loans To Nigerians (2) (3) (4)

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Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by TopBanter: 5:50pm On Aug 05
LegendHero:


20k can add to what a parent is giving to the student and support them monthly.


Please stop responding to sadists. Nothing you say or show they won't find fault with.

Their hatred for Tinubu, an extension of their hatred for Yorubas, is irredeemable. Meaning they will alway attack any of his good initiatives you bring here.

They are nasty trolls so don't feed them.

11 Likes 1 Share

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:51pm On Aug 05
TopBanter:



Great initiative and I am glad the FG is delivering on its promise. Quality education, the type that trains solutions providers, will solve 99% of the problems of Nigeria

This is the first time students will be benefiting from FG right from the source.

Also, I like the initiative of the upkeep. With this, it will solve problem of middlemen.

If FG want to disburse any economic outreach to students, they now have their accounts that can be tracked. Compared to when politicians will just prop up fake names to siphon money.

5 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Goke7: 5:52pm On Aug 05
Kukutente23:
Unfortunately, what can 20k do for the students in a month? Indomie alone is 15k per carton now. Won't the student transport himself to school? What about other needs of the student? This is more like blowing air into the eyes of a blind man. It makes no difference!!

so the govt should take the entire responsibility for feeding, transport, and everything, haba. We are ven talking about university students not primary or secondary sch pupils o

3 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by commoditiesnig: 5:52pm On Aug 05
Congrats to the benefiting students. We hope more students and Universities start benefiting soonest.

4 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 5:53pm On Aug 05
LegendHero:


No it hasn’t solved all the problems. Nigeria problem cannot be solved in a day.

However, this will solve the problem of several hundred thousands of students whose parent cannot afford to pay their school fees.

It will put 240k per annum in the account of those students for upkeep.

This is a good step in the right direction.

Will they receive 20K monthly?
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:54pm On Aug 05
We4all:
I feel this is a waste of public funds. This is just another avenue to loot.

So what do you propose? Government should use it to pay subsidies to ghost since anything given directly to the common man is a waste.

3 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:55pm On Aug 05
We4all:


Will they receive 20K monthly?

Yes every month for 12 month.

So in the next session, they reapply for the loan if they still want it and they continue receiving the 20k monthly.

4 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Gregorystarrrr(f): 5:55pm On Aug 05
Wow
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Goke7: 5:55pm On Aug 05
TopBanter:


Please stop responding to sadists. Nothing you say or show they won't find fault with.

Their hatred for Tinubu, an extension of their hatred for Yorubas, is irredeemable. Meaning they will alway attack any of his good initiatives you bring here.

They are nasty trolls so don't feed them.

if you don't respond you'll allow them to form another narrative, already someone is saying it's a waste of public funds for money going directly to beneficiaries, I admit the govt itself has not done enough sensitizing the public about this as many even think it's a scam as usual. I learned many medical students at a university can't benefit now as they refused to apply.

9 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:55pm On Aug 05
Kukutente23:
Unfortunately, what can 20k do for the students in a month? Indomie alone is 15k per carton now. Won't the student transport himself to school? What about other needs of the student? This is more like blowing air into the eyes of a blind man. It makes no difference!!

What can 0 Naira do for students every month?

11 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Softmirror: 5:56pm On Aug 05
grin

1 Like

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 5:56pm On Aug 05
Goke7:


but the students are already receiving it in their account, how's that a waste?

Have you heard the phrase "Ghost workers" before? Those in charge will start disbursing funds to fictitious names that are not even students. In the end, someone will end up becoming a billionaire.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:57pm On Aug 05
TopBanter:


Please stop responding to sadists. Nothing you say or show they won't find fault with.

Their hatred for Tinubu, an extension of their hatred for Yorubas, is irredeemable. Meaning they will alway attack any of his good initiatives you bring here.

They are nasty trolls so don't feed them.

You are right that they are trolls.

But I just had to do one or two responses for unsuspecting public who they will mislead with their hate.

Southern students must apply massively for the loan for those who can’t afford their school fees.

7 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Codepain: 5:57pm On Aug 05
I am unhappy with this news.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by DMerciful(m): 5:58pm On Aug 05
grin grin

I'm happy Tinubu is failing grin

Master strategist with no strategy. He took our money that was used for subsidy to start distributing it to few people
LegendHero:
FG have started disbursing the student loan which they pay directly to the university. In addition to that, students are receiving 20k monthly for the upkeep money.

Many student have taken to Twitter to share screenshots of the alert they received and the NELFUND official Twitter page is now bubbling with events.

The fund is not available to all universities yet as it was disbursed to six university with the required approval and those starting their session.

1 Like

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 5:58pm On Aug 05
LegendHero:


Yes every month for 12 month.

So in the next session, they reapply for the loan if they still want it and they continue receiving the 20k monthly.

Really? It sounds like a good initiative, but I don't trust the process.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Goke7: 5:58pm On Aug 05
We4all:


Have you heard the phrase "Ghost workers" before? Those in charge will start disbursing funds to fictitious names that are not even students. In the end, someone will end up becoming a billionaire.

Are they not doing BVN and NIN verification any more?

2 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:59pm On Aug 05
We4all:


Have you heard the phrase "Ghost workers" before? Those in charge will start disbursing funds to fictitious names that are not even students. In the end, someone will end up becoming a billionaire.

It’ll be hard to loot this. It is a big hassle for student to even get approved because they go through rigorous verification to confirm they are genuine student.

It’s a connection between NELFUND, schools, and students.

Those three bodies will checkmate eachother.

9 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 5:59pm On Aug 05
Goke7:


Are they not doing BVN and NIN verification any longer?

They are doing BVn, NIN, JAMB, and institution verifications

4 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by DatNiggaDaz: 6:00pm On Aug 05
grin grin

Hellnius, come see one acheivement of the fake certificate holder

grin grin grin

3 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by LegendHero(m): 6:00pm On Aug 05
We4all:


Really? It sounds like a good initiative, but I don't trust the process.

You don’t need to trust it. When people start receiving and showing their proof in the hundreds of thousands, no one will beg before you trust it.

4 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 6:01pm On Aug 05
Goke7:


Are they not BVN and NIN verification any longer?

Of course there is. This is why fraud and kidnapping have become a thing of the past in Nigeria.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 6:02pm On Aug 05
Goke7:


Are they not doing BVN and NIN verification any more?

Of course there is. This is why fraud and kidnapping have become a thing of the past in Nigeria.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Goke7: 6:02pm On Aug 05
We4all:


Of course there is. This is why fraud and kidnapping have become a thing of the past in Nigeria.

that's good to know

2 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Brendaniel: 6:03pm On Aug 05
Goke7:


it's to supplement the student expenses or do you expect the govt to feed the students for the entire month?

That's what I'm trying to let him know that whatever Tinubu is trying to achieve with this 20k payment is so small compared to the damage he has done, that the effort is looking almost insignificant.

In 2005 when I was in Unilag with my younger brother, if I'm sent 20k the money could last almost a month for the both of us taking care of all our needs, in fact the first time I was sent 30k it was almost like 300k value in my account, I was actually feeding a friend who was broke at the time for weeks from the same money after sharing with my brother grin...

I'm not putting all the blame on Tinubu but he further compounded it in just less than a year...

I'm not saying 20k is too small or too big but I can tell you 20k in present day Nigeria isn't what it used to be in value before Tinubu came onboard...

3 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 6:04pm On Aug 05
LegendHero:


You don’t need to trust it. When people start receiving and showing their proof in the hundreds of thousands, no one will beg before you trust it.


Students and non-students will definitely receive the funds, and in the end, the corrupt ones will become richer. The same thing happened with Covid-19 funds.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by TopBanter: 6:06pm On Aug 05
Goke7:


if you don't respond you'll allow them to form another narrative, already someone is saying it's a waste of public funds for money going directly to beneficiaries, I admit the govt itself has not done enough sensitizing the public about this as many even think it's a scam as usual. I learned many medical students at a university can't benefit now as they refused to apply.

OP is doing a good job strengthening his case. Those with open minds will take the positive message he is delivering.

Those with hidden agenda will bait till they succeed in derailing the thread if given too much attention.

7 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Brendaniel: 6:06pm On Aug 05
LegendHero:


20k can add to what a parent is giving to the student and support them monthly.

If a parent is giving 20k before to their student and they always complain of hunger. FG giving them 20k more to make 40k is a good thing as this will at least make things better for them.

If I go on Twitter today and say I want to do giveaway of 20k for students, almost 90% of student will drop account.


I understand your point, but what I'm trying to let you know is whatever Tinubu is trying to achieve with this 20k payment is so small compared to the damage he has done, that the effort is looking almost insignificant.

In 2005 when I was in Unilag with my younger brother, if I'm sent 20k the money could last almost a month for the both of us taking care of all our needs, in fact the first time I was sent 30k it was almost like 300k value in my account, I was actually feeding a friend who was broke at the time for weeks from the same money after sharing with my brother grin...

I'm not putting all the blame on Tinubu but he further compounded it in just less than a year...

I'm not saying 20k is too small or too big but I can tell you 20k in present day Nigeria isn't what it used to be in value before Tinubu came onboard

2 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by We4all: 6:09pm On Aug 05
LegendHero:


It’ll be hard to loot this. It is a big hassle for student to even get approved because they go through rigorous verification to confirm they are genuine student.

It’s a connection between NELFUND, schools, and students.

Those three bodies will checkmate eachother.

Please, say something else. They do workers verification more often than not, but there are still thousands of ghost workers literred across ministries. These people always find a way to cheat the process.
Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Goke7: 6:15pm On Aug 05
Brendaniel:


That's what I'm trying to let him know that whatever Tinubu is trying to achieve with this 20k payment is so small compared to the damage he has done, that the effort is looking almost insignificant.

In 2005 when I was in Unilag with my younger brother, if I'm sent 20k the money could last almost a month for the both of us taking care of all our needs, in fact the first time I was sent 30k it was almost like 300k value in my account, I was actually feeding a friend who was broke at the time for weeks from the same money after sharing with my brother grin...

I'm not putting all the blame on Tinubu but he further compounded it in just less than a year...

I'm not saying 20k is too small or too big but I can tell you 20k in present day Nigeria isn't what it used to be in value before Tinubu came onboard...

You're right and I think this is very good feedback, perhaps going forward the 20k can be increased to cope with the present-day realities.

3 Likes

Re: Student Loans: Students Confirm Payment Of Monthly Stipend In Their Accounts by Goke7: 6:18pm On Aug 05
We4all:


Please, say something else. They do workers verification more often than not, but there are still thousands of ghost workers literred across ministries. These people always find a way to cheat the process.

people cheat systems and processes all over the world so it's no big deal, it's up to the govt agency involved to do their checks and balances like JAMB that can now easily detect fake JAMB results.

1 Like

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