The Federal University of Oye-Ekiti in Ekiti (FUOYE) has approved special insurance package of N3.1 million at N125, 000 each for 25 students to enable them complete their programmes.

The students, it said, were those unable to continue with their education following death of their parents or guardians.

The Dean of Student Affairs of the university, Prof. Dosu Malomo in a statement issued on Sunday in Oye-Ekiti, said that the scheme would take care of the students’ tuition and other essential needs covered by the insurance.

He disclosed that over 100 students had benefited from the scheme since it was set up.

Malomo explained that management of FUOYE gave out N125, 000 each to the 25 students with a view to helping them continue with their education in the institution.

The students who benefitted from the scheme expressed their gratitude to the university’s management team for making their dreams a reality, notwithstanding their financial constraints.

The students appreciated the Vice-Chancellor, Prof. Abayomi Fasina and his team for showing support toward their education.

They prayed that God will bless their children too and make them achieve the best in their future endeavours,he said.

Malomo, who unveiled the scheme as approved by the vice-chancellor, said the NICON Insurance package, was introduced as a special policy to cater for students who suddenly lost their parents or guardian responsible for funding their education.

“Students will on submission of relevant documents, be screened for the claims of about N125, 000 each. The funds are sourced from the premium of N1, 000 paid by all students each session.

“Equally, some truly indigent students may be considered for some funds from NICON Corporate Social Responsibility (CSR) subject to the population of school and decision of NICON management.

“The criteria for qualifying for the package included earlier payment of the N1, 000 premium along with school fees, losing a parent or guardian and or the parent or guardian becoming fatally injured to a state of permanent disability,” he said.

The News Agency of Nigeria (NAN) reports that members of staff of FUOYE have also lauded the vice chancellor for approving a proposal for special consideration for their biological children to get admissions into the university’s academic programmes

https://www.vanguardngr.com/2021/04/fuoye-offers-indigent-students-n3-1m-insurance-scheme/

Ok

Good

Good one, God bless them.

V

Nice move.

But when I remember N3.1 million is more like 'cigar' money for some of our leaders, I feel so ashamed. Just imagine what could be achieved with these looted billions.

Education is the key....

But buhari and his pals have changed the padlock

Buhari and his quota system foot soldiers have finished this country!!!

4

Barbieroo:
Which one is indigent again or na indigenous

Indigent means very poor, or less to do or less privileged...

Indigenous means aboriginal, or originating from(where it was found), or present at birth, derived from indigene...

You can install Wordweb on your phone or laptop and check meaning(s) of words for free....

Thank me later...

Back to the topic, this gesture from FUOYE is very commendable and should be emulated by other institutions. Student loans and grants should be introduced by government to lessen the burden on poorer students.

This is commendable. Since our govt both federal and state governments have fail the youth, we need to take our destinies in our own hand.

I personally invested on this plot of land to dash righteousness 89 for evagelism.

This plot is reserved for that sinner wey always they light im kpoli.



Since u are now closer to righteousness 89, I hope you will now change your ways.

This is commendable, Kudos to the management of the Institution�����������������

Odewaleadesoye:


https://www.vanguardngr.com/2021/04/fuoye-offers-indigent-students-n3-1m-insurance-scheme/

Nice one

great news, all schools should follow this.
and Nigerians should get used to insurance

Good

May God bless the school management..


However, The money should be given to the beneficiaries directly, without involvement of a third party like HODs.. If not., the money go remain 25k by the time it gets to the students..

Great and commendable!

Very commendable action by the school management... Why can't Nigeria govt start given student loans to students unable to support themselves?

Good news. At least part of the humongous fees we pay every year is for something charitable

But they should let us know those benefiting from this scheme. We know FUOYE all too well

When Ex Sug don chop 3.5milli meant for nosemask.



Fuoye na scam

Sakamaje