₦airaland Forum

flexyrule:
It offers loans of up to N10 million, capped at 33.3% of a beneficiary’s gross annual salary.

For a lecturer earning 400,000 monthly

400,000 X 12 = N4,800,000

33.33% of N4,800,000 = N1,599,840.00

A lecturer earning 400k monthly is eligible for N1,599,840 ONLY

Can someone help me verify this calculation?

oyeb15:
The western strategy of modern colonization is through DEBT.

It will get to a time u will be denied promotion because u are owing federal government.

You will be asked to repay ur student loan before u are recruited for NYSC or entitled to collect institution results or NYSC certificate.

Government will have full access to your lives. Whatever they give u now, they are collecting it back from you through their inflation

lordm:
I don't understand.
Someone explain it using a salary of 100k

Jughead29:
N396,000

That's, 100k per month salary

N1,200,000 annually

flexyrule:
It offers loans of up to N10 million, capped at 33.3% of a beneficiary’s gross annual salary.

For a lecturer earning 400,000 monthly

400,000 X 12 = N4,800,000

33.33% of N4,800,000 = N1,599,840.00

A lecturer earning 400k monthly is eligible for N1,599,840 ONLY

Can someone help me verify this calculation?

callthefred:
You're wrong Sir. What you calculated here is what a person can get on a year. Remember the loan is for 5 years repayment so you'll need to multiply that sum by 5.

callthefred:
You're wrong Sir. What you calculated here is what a person can get on a year. Remember the loan is for 5 years repayment so you'll need to multiply that sum by 5.

flexyrule:
It offers loans of up to N10 million, capped at 33.3% of a beneficiary’s gross annual salary.

For a lecturer earning 400,000 monthly

400,000 X 12 = N4,800,000

33.33% of N4,800,000 = N1,599,840.00

A lecturer earning 400k monthly is eligible for N1,599,840 ONLY

Can someone help me verify this calculation?

SmartPolician:
This is absolute BS! Nigeria needs sweeping reforms like making legislative services to be a part-time role, shutting down of the useless legislative houses (preferably the senate) to cut the cost of governance and fortifying the EFCC to punish politicians for not keeping to their campaign promises.

Until then, Tinubu is just a jester and another time waster like the man before him. Nigeria cannot keep taking 2 steps forward and 6 steps backwards: we have been doing that since 1960.

TimeManager:
https://nairametrics.com/2025/08/14/fg-launches-n10-million-tertiary-institution-staff-support-fund-portal/

OkayDaddy:
This Igbo Obidient wants Tinubu to rule how Pdp ruled them in Igboland.

Share kerosene like Ikpeazu, promise them bridge like Jonathan, donate bathroom slippers like Peter Obi, bless them with okpa like Mbah.

Political almajiris.

KaLuCh:
You get 33 percent of 1.2m which is your annual salary at 100k per month.

Jughead29:
N396,000

That's, 100k per month salary

N1,200,000 annually

adioolayi:
This is a good initiative.


They will be so happy to take advantage of it

TimeManager:
Somebody say Jagaban, in two years, Baba is fulfilling the Renewed Hope Agenda gradually. Madam Okonjo Iweala attested to it. Like the President always say, ignore detractors and naysayers and stay the course. God bless Nigeria.

-Kiss the truth!

tunjijones:
****** N400,000 divide by 3 = 133,333.33
133,333.33 multiple by 12(1 year) = 1,600,000.

1,600,000 x 5years (duration of the loan) = 8,000,000.

Someone earning 400,000 is eligible to 8 million naira.

So it means the person will be earning 266,680.00 every month after deduction of the loan. It has a one year moratorium. This means there is a one year grace period or loan holiday.

The smart ones will take the loan and do business or build house.

ppogba:
Two more years to wail . At least, you are consistent.

Best of luck bro.

helinues:
The go and verify about this government is not even hard. The beneficiaries of the ongoing loans for students are testifying

DeLaRue:
This is all false.

You do not pay back student loan until 2 years after you start work.

So, if you finish NYSC in 2026 and don't find work until 2029, you will start paying back the loan in 2031. How is that a bad deal please?

Don't forget also that in addition to the loan, which the government pay directly to the school as tuition fee, each student also receive N20,000 FREE money (not loan) paid into each student's bank account EACH MONTH, even when the students are on holidays.

This is one of the best policies introduced by any government in the history of Nigeria.

How anyone can oppose it just because of politics is beyond me.

flexyrule:
It offers loans of up to N10 million, capped at 33.3% of a beneficiary’s gross annual salary.

For a lecturer earning 400,000 monthly

400,000 X 12 = N4,800,000

33.33% of N4,800,000 = N1,599,840.00

A lecturer earning 400k monthly is eligible for N1,599,840 ONLY

Can someone help me verify this calculation?

callthefred:
You're wrong Sir. What you calculated here is what a person can get on a year. Remember the loan is for 5 years repayment so you'll need to multiply that sum by 5.

Betanaija42moro:
They will be happy on what basis?

By the time you do the calculation, the loan offers capped at 33.3% of a beneficiary’s gross annual salary. that's the only amount you can be given.

A Professor that earns around 400k can only access around 8m as loan, not to talk of other junior workers

lexy2014:
how has tinubu used his "renewed hope agenda" to successfully tackle corruption, nepotism, cronyism, hunger, unemployment, hardship, poverty, inflation, wasteful government spending, budget padding, insecurity, bad governance, failing public infrastructure, poor medial services and falling standard of education?

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temitope27:
why good news dey make una sad like this? Dem do you ni😏

callthefred:
I'm not an APC fan and I don't believe in Tinubu's politics. However, I like bold men and men of vision. Personally, I believe Obi is too desperate and doing too much like Buhari. Emotional people always mess up with power. Crazy and bold ones always achieve more. Many of you think Yar'adua did well but no he was a failure as much as Buhari if you really understand governance. Obasanjo was one of our best, Tinubu cannot be rated yet because he's still not done yet but his vision and determination I believe makes him better than others.

I'll choose a corrupt capitalist like Tinubu over a saint socialist like Peter Obi anytime anyday.

callthefred:
I'm not an APC fan and I don't believe in Tinubu's politics. However, I like bold men and men of vision. Personally, I believe Obi is too desperate and doing too much like Buhari. Emotional people always mess up with power. Crazy and bold ones always achieve more. Many of you think Yar'adua did well but no he was a failure as much as Buhari if you really understand governance. Obasanjo was one of our best, Tinubu cannot be rated yet because he's still not done yet but his vision and determination I believe makes him better than others.

I'll choose a corrupt capitalist like Tinubu over a saint socialist like Peter Obi anytime anyday.

SmartPolician:
This is absolute BS! Nigeria needs sweeping reforms like making legislative services to be a part-time role, shutting down of the useless legislative houses (preferably the senate) to cut the cost of governance and fortifying the EFCC to punish politicians for not keeping to their campaign promises.

Until then, Tinubu is just a jester and another time waster like the man before him. Nigeria cannot keep taking 2 steps forward and 6 steps backwards: we have been doing that since 1960.

lexy2014:
that is not what I asked you.
my question goes thus....how has tinubu used his "renewed hope agenda" to successfully tackle corruption, nepotism, cronyism, hunger, unemployment, hardship, poverty, inflation, wasteful government spending, budget padding, insecurity, bad governance, failing public infrastructure, poor medial services and falling standard of education?
exclusive101 callthefred ppogba bar1941 okaydaddy temitope27 delarue