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Students Loan: Students who applied for “upkeep allowance” will receive N250,000 per annum, an average of N20,833 monthly

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Students Loan Upkeep Allowance in Nigeria

The Federal Government of Nigeria has introduced a students loan program, which includes an “upkeep allowance” to support students’ living expenses while in school. Here are some key details:

Eligibility: Students who applied for the students loan program and opted for the upkeep allowance will receive the funding.

Amount:  The upkeep allowance is N250,000 per annum, which translates to an average of N20,833 per month.

Purpose: The allowance aims to support students’ living expenses, such as accommodation, food, transportation, and other necessities, while they focus on their studies.

Duration: The upkeep allowance will be disbursed annually for the duration of the student’s program, subject to meeting the program’s conditions and requirements.

Disbursement:  The allowance will be disbursed directly to the student’s account, ensuring transparency and accountability.

This initiative aims to alleviate financial burdens on students, enabling them to concentrate on their academic pursuits and achieve their full potential.

Education

FG approves establishment of Bola Tinubu polytechnic

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The Nigerian Government has approved the establishment of Bola Ahmed Tinubu Federal Polytechnic in Gwarinpa, Abuja.

This move is part of a national effort to ensure that every state in Nigeria has at least one federal polytechnic.

The decision, made public in a letter dated January 9, 2025, was addressed to Nyesom Wike, the Minister of the Federal Capital Territory, by Education Minister Dr. Tunji Alausa.

The letter, which was received by Wike’s office on January 16, 2025, urged the FCT Minister to propose possible locations for both the temporary and permanent sites of the polytechnic in Gwarinpa.

A team from the Federal Ministry of Education and the National Board for Technical Education will assess the suggested locations before final approval.

The new institution aims to foster training in technology, vocational skills, and entrepreneurship.

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Education

ASUU kicks against Senate attempt to dismantle the Tertiary Education Trust Fund (TETFund) through the proposed tax reform bill.

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The Academic Staff Union of Universities (ASUU) has warned the National Assembly and the National Economic Council against any attempt to dismantle the Tertiary Education Trust Fund (TETFund) through the proposed tax reform bill.
In a press conference at Bayero University, Kano, on Wednesday, ASUU Zonal Coordinator for Kano Zone, Professor Abdulkadir Muhammad, stressed that the union would not stand by while its key initiative is dismantled.

Titled Nigeria Tax Bill 2024 and Its Consequences on TETFund: Killing the Brainchild of ASUU, Professor Muhammad argued that Nigerian universities could face imminent collapse if the bill currently before the assembly is passed

Read the full story www.ekwutosblog.com follow our social media handles @ekwutosblog

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Education

Ibadan stampede: Court grants Principal, Hamzat, Silekunola bail

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An Oyo State High Court sitting in Ibadan, the state capital, has granted bail to the principal of Islamic High School, Bashorun, Ibadan, Mr. Abdullahi Fasasi; the proprietor of Agidigbo FM, Alhaji Oriyomi Hamzat; and Olori Naomi Silekunola, an estranged wife of the Ooni of Ile-Ife, Oba Enitan Adeyeye Ogunwusi.

The bail was granted by Justice K.B. Olawoyin on Monday.

Our correspondent reports that the trio were granted bail after the judge listened to the arguments of their counsels.

DAILY POST reports that the three were being prosecuted over a stampede that occurred at the school.

No fewer than thirty-five children died during the incident, which happened on Wednesday, December 18, 2024.

An Oyo State Magistrate Court in Iyaganku had earlier ordered that the trio be remanded at the Agodi Correctional Facility.

Details later…

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