Metro Nigerian Students Abroad Get N400m Bailout

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LequteMan

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The Federal Government of Nigeria has approved N400 million for the payment of upkeep allowances of Nigerian students on foreign scholarships, the acting Permanent Secretary, Federal Ministry of Education, Hindatu Abdullahi, has stated.

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"We just have an approval of about N400 million, we are now working with the Federal Ministry of Finance to obtain it.

“After that, we will head to the Budget Office and the Central Bank of Nigeria to ensure that the money is remitted as soon as possible to the missions.

“In terms of the paper work, we have concluded; we want to pay something so that their hardship will be minimised.

Ms. Abdullahi said the entitlements were being worked out from January to December, adding that in 2014, the students got all allowances for the year between July and August.

“Whenever we receive capital allocation in the ministry, we work out the scholarship money and pay into CBN.

“CBN will now remit same in line with the information we have given them; it will remit to embassies which will remit to the scholars.

The acting permanent secretary said that if there was any delay in the release of capital allocation, it would affect scholars’ upkeep allowances.
 
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