NBC wajibika scholarship, NBC wajibika scholarship 2023/2024, The National Commercial Bank (NBC) has allocated 100 million shillings to finance 1000 students who will study education and vocational training in VETA colleges.
The funding has been provided under the ‘NBC Wajibika Scholarship‘ program through collaboration between the Bank and the Ministry of Education, Science and Technology.
The signing ceremony of the cooperation agreement was held yesterday on July 20, 2023 in the city of Dodoma where the Ministry of Education, Science and Technology and the National Business Bank (NBC) have signed an agreement for the financing of the youth.
Speaking during the event, the Minister of Education, Science and Technology, Prof. Adolf Mkenda, has said that the funding is going to fulfill the Government’s desire to provide Education and Training that will enable young Tanzanians to acquire the skills to be self-employed or employed.
Prof. Mkenda added that the major educational reforms that are expected to happen, emphasize vocational training, so the Bank has come at the right time to support the Government in the program.
In addition, Minister Mkenda has asked other stakeholders to support the Government in strengthening training and increasing opportunities in Technical Colleges and Vocational Training and Central Colleges so that young people can benefit from the skills that will be acquired.
On his part, the Director General of NBC, Theobald Sabi has said through cooperation with the Ministry, The 1000 young people will be included in a special financial education program known as NBC Business’ Club where they will open special accounts that will enable them to save for themselves, without any banking costs and get advice on investments and get the opportunity to build themselves economically through loans.
And the Director General of the Vocational Education and Training Authority (VETA), CPA Anthony Kasore, has thanked the Ministry for enabling the funding from NBC Bank which will enable VETA colleges to provide Skills Training to many young people.
CPA Kasore has promised that VETA will comply with the instructions given and ensure that the funds that will be provided are used transparently and benefit the beneficiaries in order to finally bring about the intended results.
How to apply NBC wajibika scholarship 2023/2024
Wajibika is an employability programme that helps young people in Tanzania build the skills they need to make the critical transition from education to work. It is aimed at empowering young people with the training and development they need to enhance their employment or self-employment opportunities.
Wajibika addresses a critical gap in a young person’s life in the transition from education to work. Closing this gap will not only ensure a successful transition to employment but also higher productivity for the business.
Wajibika is delivered online via a portal available on the NBC website, and also through face-to-face coaching through training sessions and workshops presented occasionally by NBC at different universities and secondary schools in Dar es Salaam.
As an incentive, NBC will provide a few lucky students who are first to complete the Wajibika Programme, an opportunity to be mentored by young people with successful careers and also secure an internship opportunity at one of the successful organisations or companies in Tanzania.
- Will be offered to qualifying dependants of NBC staff
- Applications will be made through a specific channel
- Scholarships will be offered on pass rates
- Should the applicant be a form-six leaver, they must have a minimum of three credits
- If the applicant is an enrolled university or college student, the previous semester’s results should not be below 50% on average