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Students Loan Recovery Begins 2 Years After NYSC

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The Federal Government says the recovery process from beneficiaries of the Nigeria Education Loan Scheme (NELFund)  will commence  two years  after the National Youth Service Scheme(NYSC).

Executive Secretary NELFund, Dr Akintunde Sawyer, made this known during an interview on Thursday in Abuja.

Sawyer said that the reason for the two-year grace after NYSC was to afford the beneficiaries enough time to get a job and be stable before the repayment.

“The law provides that for students who go into paid- employment, repayment will be two years after NYSC, but, that does not mean that they cannot pay back before that time.

“However, if they don’t have a job two years after NYSC, we cannot compel them to pay.

Where are they going to get the money from? So, we will help them and wait for them to be able to pay.

“There will be a register of those who have taken the loan and employers will have access to that register and see who has a loan.

“Once they see who has a loan, when they are employing the individual, they will be obliged through the payroll system to refund 10 per cent of the earnings of that individual back to the fund,’’ he said.

Sawyer said that the modalities of how the money would be rooted were still being worked out, but the employer would be obliged to make those deductions for as long as that person is at work.

“If they are yet to secure employment or if they lose their jobs they are not obliged to pay.

“We are not trying to turn applicants into criminals ,we are trying to help Nigerians who need better education to get it so that they can improve their lives and the country as a whole can see improvement in its social-economic development,’’ he said.

For those who might want to deliberately circumvent the process of repayment, Sawyerr said there must be a way the law will catch up with them.

He said this could be achieved whenever the defaulters have a need to access loans or any facilities from commercial banks. (NAN)

Education

NBTE Begins Accreditation of New Courses in Federal Polytechnic Wannue

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The National Board for Technical Education (NBTE), has commenced accreditation exrceise for six new courses at the Federal Polytechnic, Wannue, Tarka Local Government Area of Benue.

Mr Ogah Ngbede, NBTE’s Director of Polytechnics Programmes, disclosed this on Thursday during the ongoing exrceise in the institution.

According to Ngbede,  all the courses would be inspected before making a pronouncement.

He said that the exercise would last for two days,  after which its decision would be made known.

He added that the institution secured full accreditation for two out of the five courses it presented to NBTE in 2023.

“We are here to look at the claims made by the institution because they have requested to commence some new programmes.

”We are here to ensure that the right thing is done and ensure that this polytechnic is not regarded or treated as a second grade institution,”he said.

The director, who decried poor funding of polytechnic education in Nigeria, called on goverment at all levels to ensure adequate funds were allocated to the education sector.

“The major problem affecting polytechnic education in this country is finance.

”Let me  use this opportunity to call on the government at all levels to inject more funds into the polytechnic system.

“Technical education is a low hanging fruit from which this country can use to escape poverty; technical education all over the world has become a major currency with which nations are using to escape poverty.

“When we pay adequate attention to our polytechnics, students that graduate from these institutions can hit the ground running because they have the necessary tools to be job providers and not job seekers”, he said

Earlier, the Rector of the institution, Dr Tyover Ashinya, listed the courses presented for accreditation to include, Business Management, Public Administration, Agricultural Technology, Electrical Engineering, Computer Engineering and Computer Science

He said that the institution has the adequate manpower and infrastructures to effectively run the six new courses.

”We are willing to improve on all necessary areas that need improvement to enable these new courses secure full accreditation,”the Rector said.

Reports says that the institution was established by the Federal Government in December 2020. (NAN)

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Education

FG Set to Revolutionise Educational Infrastructure with N98.2 bn – Edun

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By Tony Obiechina,  Abuja 

The Federal Government has announced the ground-breaking ceremony for the building of a 1,600-capacity student hostel in Akwa Ibom State.

This project is part of a N98.2 billion nationwide initiative to enhance educational infrastructure.

The Minister of Finance and Coordinating Minister for the Economy, Wale Edun who disclosed this said the Federal Government, in partnership with states and the private sector, will construct 24 housing facilities across 24 institutions, each with 1,600 bed spaces.

 

According to a statement by Mohammed Manga, Director of Information & Public Relations, the initiative is aimed at addressing a significant student accommodation deficit, enhancing student performance and well-being.

It is also a testament to the sophistication and depth of our local capital markets

Represented by the Ministry’s Permanent Secretary Special Duties Mr Okokon Ekanem Udo, the Minister added that

“this initiative invests in our youth and educational infrastructure, ensuring that tomorrow’s leaders have the resources and environment they need to thrive.

“It also demonstrates the private sector’s willingness and capacity to partner with government to deliver critical infrastructure projects across all geopolitical zones, to reduce the housing deficit*, Wale Edun said.

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Education

FG in Land-Swap Deal to boost Literacy Education in Kano

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By Eddy Ochigbo, Abuja

In a renewed move to enhance sustainable growth in education, the federal government has concluded plans to embark on 13 new infrastructure projects at the National Mass Literacy and Adult Education Commission (NMEC), Kano Centre, through Public/Private Partnership (PPP).

Minister of State for Education, Dr Yusuf Sununu, disclosed this on Tuesday at a stakeholders’ engagement and sensitisation meeting in Abuja to kick start the proposed land-swap deal for the development of critical infrastructure in Kano.

 

According to him, the public private partnership project would mark a turning point  in literacy education of adults across the country, regretting that it was unfortunate that Nigeria still had a significant number of adults who are either illiterate or have limited literacy skills.

 This major challenge, he said hinders the nation’s overall development and progress.

“This is another milestone and progress in the ministry, and we will be having it with private public partnership, and this is also part of President Bola Tinubu’s eight-point agenda.Government cannot do it alone and everyone of us needs this as stakeholders to bring development and move the country forward. We have a regulation guiding us which we will use to ensure that the plots that have laid fallow over the years are put to best use in our time,” he said.

While stressing the need to regulate teaching in the country, specifically to guide teaching and teaching practice, Sununu  revealed that  the 13 new infrastructure  projects – semi-detached two and three bedroom bungalows, state-of- the-art classrooms, clinic, library, hostels, a lecture theatre and recreational facilities, among others  – would  change the fortunes of the National Mass Literacy and Adult Commission, Kano centre, which has been lying fallow in the last 39 years.

“The projects would not only enhance learning at the centre, but would also provide a conducive environment for entrepreneurship in the centre. The Kano Centre of the National Mass Literacy Centre plays a crucial role in addressing this challenge by providing literacy education to adults across the country.

However, to effectively fulfil its mandate and reach more people, it is essential to have the necessary infrastructure and resources in place. This is where the proposed development of 13 critical infrastructures through land swap Public-Private Partnership comes into play. Through this innovative approach, we will be able to leverage the expertise, resources and capabilities of the private sector to create modern and functional learning facilities for the Centre,” Sununu enthused. 

On his part, the Executive Secretary, NMEC, Prof. Simon Akpama, expressed confidence that through collective efforts and sustained collaboration between the public and private sector the growth of education would make a significant impact on the lives of a cross section of Nigerians. He said the initiative would also empower youths and adults to contribute their quota to national development.

Meanwhile,  DAILY ASSET gathered that MASLAHA Homes and Development Limited, a leading Kano-based Real Estate company, which proposed the land-swap deal, has the capacity to design, finance and build the 13 new critical education infrastructure and assets for the Kano Centre of National Mass Literacy within the scheduled timeframe. 

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