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Federal Government Commences Payment of N-Power Arrears to Beneficiaries

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The Federal Government, through the Ministry of Humanitarian Affairs and Poverty Alleviation, has initiated the payment of long-awaited arrears to beneficiaries of the N-Power program.

The move, which began implementation recently, marks a crucial step in addressing lingering financial disparities faced by participants in the government’s youth-focused empowerment scheme.

N-Power, conceived in 2016 by former President Muhammadu Buhari, was designed to confront the challenges of youth unemployment while fostering social development across the country.

However, beneficiaries found themselves awaiting several months’ worth of salaries owed by the previous administration.

Upon assuming office, President Bola Tinubu paused the disbursements, aiming to rectify underlying issues within the program before resuming payments.

Minister of Humanitarian Affairs and Poverty Alleviation, Betta Edu, shared insights into the resumption of payments during a recent appearance on Channels Television’s “Politics Today.”

Minister Edu clarified that the government prioritized addressing lapses within the N-Power program before reactivating it, demonstrating a commitment to transparency and efficiency.

“Presently, a payment for N-Power is ongoing; we were in the office yesterday up until the early hours of this morning, just to ensure that young people get monies that they have been owed from the last government,” Minister Edu stated during the interview.

The renewed financial support aims to alleviate the financial burdens faced by N-Power beneficiaries, fostering economic stability and contributing to the overall reduction of unemployment in the nation.

The ongoing disbursement process signifies the government’s dedication to restructuring the program and ensuring that all outstanding payments are settled promptly.

While the “Renewed Hope N-Power” has not been officially relaunched, Minister Edu emphasized the government’s focus on rectifying issues from previous years.

She explained that a consultant, responsible for managing payments to N-Power beneficiaries, had delayed disbursements for months.

In response, the government reclaimed the funds, initiating a meticulous scrutiny of beneficiaries to facilitate the arrears payment.

“We used to have a consultant who used to manage the payments of these monies to the N-Power beneficiaries. However, the monies were being held up with the consultants for months without paying the beneficiaries. So, what the government did was to recover the money back into the government’s TSA CBN account and now started scrutiny of the beneficiaries, which took us this while to do, and that is why we appeal to the young people to be patient,” Minister Edu explained.

As the N-Power beneficiaries witness the fulfillment of overdue financial commitments, the government’s commitment to sustainable job creation and economic empowerment remains at the forefront, paving the way for a more resilient and prosperous future for Nigerian youth.

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Education

Southern States Skeptical as NELFund Disburses First Loans

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The National Education Loan Fund (NELFund) officially launched on Wednesday, a significant step in providing financial aid to students across Nigeria.

However, the initiative faces skepticism, particularly from the southern states.

President Bola Tinubu inaugurated the first tranche of funds, amounting to N32 billion, aimed at empowering Nigerian youth and breaking financial barriers to education.

The NELFund portal has registered 164,000 students, with 103,000 applying for loans.

Despite the promising start, many southern states remain doubtful about the fund’s implementation.

Akintunde Sawyerr, NELFund’s Managing Director, acknowledged these concerns, citing data challenges in verifying indigent applicants as a primary hurdle.

Sawyerr highlighted the lack of comprehensive data needed for credit assessments. The fund relies on bank verification numbers (BVN), National Identification Numbers (NIN), and educational institution data to determine eligibility.

More applications have been received from northern states, where students have shown greater confidence in the fund.

Sawyerr pointed out that skepticism in the south might stem from uncertainty about the program’s viability.

NELFund offers two types of loans: educational fees paid directly to institutions and upkeep loans for student stipends.

The focus is currently on government-owned institutions to ensure a smooth rollout.

President Tinubu emphasized education as a critical tool against poverty and insecurity, linking the nation’s challenges to a lack of educational opportunities.

He reaffirmed his commitment to inclusive growth through education.

As NELFund continues its rollout, efforts to address data issues and regional skepticism will be crucial. By building trust and ensuring transparency, the program aims to support more students nationwide and foster a fairer society.

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Travel

UAE Lifts Visa Ban on Nigerians, Introduces N640,000 Non-Refundable Application Fee

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The United Arab Emirates (UAE) has officially lifted the visa ban imposed on Nigerian passport holders, effective July 15.

However, this positive move comes with a substantial caveat—a new non-refundable visa application fee of N640,000.

The announcement, made following bilateral discussions between Nigerian and UAE authorities, ends a prolonged period of restricted travel between the two nations due to diplomatic disputes and financial issues.

New Visa Regulations

Under the new guidelines set forth by the UAE government, Nigerian passport holders seeking to travel to the Emirates must adhere to several stringent requirements:

  1. Application Fee: Applicants are required to pay a non-refundable fee of N640,000 for visa processing. This fee represents a significant increase compared to the previous $100 fee before the ban.
  2. Document Verification Number (DVN): Before applying for a visa, applicants must obtain a Document Verification Number (DVN). This number is valid for only 14 days from issuance or until the visa application is processed, whichever comes first.
  3. Application Process: The application process for UAE visas remains stringent, emphasizing the importance of meeting all specified criteria to enhance the chances of approval.

Public Reaction and Outcry

The introduction of the N640,000 visa application fee has sparked widespread criticism and public outcry among Nigerians, particularly on social media platforms. Many have expressed their discontent, labeling the new fee as exorbitant and financially burdensome, especially in light of economic challenges facing the country.

Social media users have taken to various platforms to voice their concerns:

  • @firstladyship: “It is obvious the UAE don’t want Nigerians. They reluctantly unbanned the Nigerian passport, but slammed a hefty N640,000 on Nigerians. Guess what? The money is nonrefundable & has expiration date. This is see finish.”
  • @Peco3D: “This is just extortion in fine words. Shameless.”
  • @Comr_lucky1: “This is exploitation and shameful if allowed by Nigeria government.”

Government Response

Mohammed Idris, Minister of Information and National Orientation, announced the lifting of the visa ban and emphasized that Nigerian passport holders are now eligible to apply for visas to the UAE.

The government has acknowledged the concerns raised by citizens and assured them of continued engagement to address the issue.

Background

The UAE had imposed the visa ban on Nigeria approximately two years ago amid diplomatic tensions and financial disputes.

Efforts to resolve these issues included discussions and negotiations between the Nigerian and UAE governments, leading to the recent breakthrough in visa restrictions.

Despite the imposition of the N640,000 visa fee, the lifting of the ban represents a step forward in diplomatic relations between Nigeria and the UAE, potentially paving the way for enhanced bilateral cooperation and economic ties.

As Nigerian travelers navigate these new visa regulations, reactions continue to pour in, reflecting the broader impact of international relations on individual mobility and economic opportunities.

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Nigeria and UAE Reach Agreement on Visa Access for Nigerians

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The Nigerian Federal Government announced on Monday that it has reached an agreement with the United Arab Emirates (UAE) to facilitate visa access for Nigerian citizens.

This announcement came following the weekly Federal Executive Council (FEC) meeting, presided over by President Bola Tinubu.

Mohammed Idris, Minister of Information and National Orientation, made the announcement while briefing journalists after the FEC meeting.

He highlighted the importance of this agreement in strengthening the bilateral relationship between Nigeria and the UAE, and in fostering greater economic and cultural exchange.

“After extensive negotiations, we are pleased to announce that an agreement has been reached with the UAE that will enable Nigerians to access UAE visas,” Idris stated.

“This development is a testament to the commitment of President Tinubu’s administration to improving the mobility and opportunities for Nigerian citizens globally.”

The agreement is expected to streamline the visa application process, making it easier for Nigerians to travel to the UAE for business, tourism, and other purposes. This move comes as a relief to many Nigerians who have faced difficulties in obtaining UAE visas in recent times.

In addition to the visa agreement, the FEC also directed the Ministry of Budget to propose amendments to the 2024 budget.

This directive aims to address emerging fiscal challenges and align the budget with current economic realities.

Idris further announced that President Tinubu will meet with labor leaders on Thursday to finalize discussions on the new minimum wage.

This meeting is part of ongoing efforts to ensure fair wages for Nigerian workers without triggering inflationary pressures.

“The President is committed to delivering a minimum wage that is both fair and sustainable. After thorough consultations, the proposed figures will be submitted to the National Assembly,” Idris explained.

The FEC’s deliberations on the wage increase focused on balancing the need for higher wages with the potential impact on the economy.

“We are determined to provide wages that improve the standard of living for Nigerians while maintaining economic stability,” Idris added.

This week’s FEC meeting also discussed various national issues, including infrastructure development, security, and public service reforms.

The council reiterated its commitment to pursuing policies that promote growth and improve the welfare of all Nigerians.

The agreement with the UAE and the forthcoming minimum wage proposal are seen as significant steps in President Tinubu’s broader agenda to enhance Nigeria’s international standing and address domestic economic challenges.

As the government moves forward with these initiatives, citizens and stakeholders are hopeful for positive outcomes that will benefit the nation.

In the coming days, further details of the UAE visa agreement and the new minimum wage proposal are expected to be disclosed, providing more clarity on the government’s plans and their implications for Nigerians.

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