This post will provide you with tips on how to process CBN e- Form A application fast in Nigeria.
Also, we will provide you with banks in Nigeria that process form A application faster.
All these are based on our research findings and experiences of some of Nigeria international students who have gone through the rigorous process of paying their international tuition through CBN e- form A.
Electronic Form “A”, popularly known as CBN e- form A is a Central Bank of Nigeria’s scheme aimed at providing international students from their with needed financial assistance for their various financial commitment that will aid their studies abroad.
This scheme helps students from Nigeria who embarks on international studies to have access to foreign currency needed for their tuition and upkeep at the official rate.
While this scheme has been very helpful to numerous international students from Nigeria, it is not without flaws.
One of the biggest flaws and criticisms form A application has faced in Nigeria is the slow and delay in processing this all important application.
Many Nigerian students have loosed their admission, failed to meet payment deadlines or have their studies cut short as result of not being able to meet up with the financial commitment resulting from delay witnessed from processing of form A application.
This is why we researched to find how best to make your form A school fees payment faster in Nigeria as well the the best banks in Nigeria for Form A.
How Long Does it Take to Process Form A in Nigeria?
This is one of the most reoccurring questions international students from Nigeria who wants to apply for Form A asks.
It is important to know how long it takes to have your Form A processed as this will make you explore other options in event of close tuition payment deadline.
From our findings, it takes an average of 90 days to have your Form A processed in Nigeria.
However, there are certain factors which can make the time it takes to process your Form A exceed 90 days or happen before 90 days.
One of such factors is the bank applied with. There is no doubt that many applications are received for Form A purposes in Nigeria.
However, some banks in Nigeria have higher application based on their customers base. This can sometimes create an unending or long cue for those trying to process their Form A.
As such, those who applied through such bank at that point in time is most likely to witness more than 90 days processing time for Form A.
Also, time of the year applied is another factor that can affect how long it takes to process form A school fees application in Nigeria.
Experience has shown that those who apply towards winter is mostly likely to have their Form A processed faster as most Nigerian international students targets summer admission.
This leaves those who are pursuing winter admission with less number which can sometimes make their Form A application come out faster than expected.
Best Banks for CBN Form A in Nigeria
Some banks tends to be faster in processing of form A in Nigeria. This maybe as result of factors stated earlier in this article.
Below is the list of some best banks for Form A in Nigeria.
- Unity Bank
- Zenith Bank
- Union Bank
- Heritage Bank
- Stanbic IBTC
These are some of the banks that is faster in making Form A payment in Nigeria. This is why we refer to them as best banks for Form A in Nigeria.
An applicant who applied for Form A in Union Bank in March, had his payment ready by June which is about 90 days.
Also, the process is surprisingly faster in Zenith bank too. Another applicant had his Form A processed at Zenith Bank within 10 weeks.
Nevertheless, the number of applications at each point in time highly determines and affects how long it takes to have your Form A processed and paid.
The best is to be proactive and start early when it comes to Form A.
If you intend to use form A for your tuition payment, your must pursue your admission early and have enough time to go through this process.
It is best to apply 4 months before the deadline. This is to save you from pressure and missing out on deadlines.