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Nigeria

NELFUND funds 5,613 OOU students as 1,270 more apply – VC

Vice Chancellor of Olabisi Onabanjo University (OOU), Ago-Iwoye, Prof Ayodeji Agboola says funds for 5,613 OOU students who applied for the Nigerian Education Loan Fund (NELFUND) have already been deposited into the university’s bank account and are ready for disbursement. He added that another 1,270 fresh applications have been processed and forwarded to NELFUND this week, bringing the total number of beneficiaries for the current session to 6,883 once the new batch is paid.​ Speaking during activities marking OOU’s 35th Convocation Ceremonies for the 2024/2025 academic session, Agboola hailed the NELFUND initiative of President Bola Ahmed Tinubu’s administration. He said the scheme has broadened access to tertiary education and drastically reduced the number of students applying for leave of absence over financial difficulties, which previously ranged between 3,000 and 4,000 annually.​ The VC explained that as at now, no student […]

Abdulmumini Auwal SA January 23, 2026

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Nigeria

NELFUND Reaches One Million Student Loan Applications

The Nigerian Education Loan Fund (NELFUND) has announced that its student loan programme has reached over one million applications on its official portal, marking a major milestone for a government-backed social initiative under the Tinubu administration. In a statement released on Sunday by Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, the fund said the achievement came less than a year after the programme’s official launch on May 24, 2024. It described the milestone as clear evidence of growing national trust and confidence in the student loan scheme. According to NELFUND, more than ₦116 billion has been disbursed so far to students in universities, polytechnics, and colleges of education across the country. The funds cover tuition fees and upkeep allowances for eligible beneficiaries. The Managing Director of NELFUND, Akintunde Sawyerr, said the development demonstrates the success of President Bola Tinubu’s […]

Abdulmumini Auwal SA November 2, 2025

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Nigeria

NELFUND Urges Schools to Upload Student Records for Loans

The Nigerian Education Loan Fund (NELFUND) has called on all accredited tertiary institutions to update and upload their students' records to its verification portal. This preparatory step is for the official opening of the loan application portal for the 2025/2026 academic session. The agency stated that only students whose details have been duly uploaded and verified by their institutions will be eligible to apply for the student loan scheme. NELFUND emphasized the critical role of schools in ensuring a seamless process and urged them to appoint qualified officers to oversee the data upload in line with its technical guidelines. The move is part of the government's agenda to facilitate equitable access to higher education through financial support.

Abdulmumini Auwal SA October 16, 2025

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Nigeria

Nigeria Respected Again, Economy Stable — Tinubu

President Bola Tinubu has declared that Nigeria’s economy is stabilising under his administration, insisting that the country is now “respected again” after years of neglect, corruption, and revenue leakages. The President made the remarks on Tuesday at the State House, Abuja, while receiving the Soun of Ogbomosho, Oba Ghandi Afolabi Laoye, Orumoge III, alongside ministers and senior government officials. Tinubu said his government’s tough but necessary decisions since May 2023 had ended the “bleeding” of public funds and restored discipline to the economy. “Thank you for recognising the bold steps we took from Day One. We know it was painful at first, but reforms are already making the economy stronger,” Tinubu said. He explained that years of fake financial records, smuggling, and corruption in the currency market had weakened the country, but recent reforms were reversing the trend. Highlighting progress, […]

Abdulmumini Auwal SA September 3, 2025

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Events

President Tinubu’s Democracy Day 2025 Address: Unity, Economic Growth, and Rejection of One-Party Rule

Tinubu Delivers Democracy Day 2025 Address Before National Assembly On June 12, 2025 , President Bola Ahmed Tinubu addressed a joint session of the National Assembly in Abuja to mark Democracy Day , celebrating the resilience of Nigeria’s democratic values and institutions. The event honored the legacy of Chief Moshood Kashimawo Olawale Abiola , whose June 12 election victory in 1993 was officially recognized by the government under Tinubu’s leadership. “Today, as I entered this grand edifice built from the sweat and toil of our democratic yearning, my heart stirred with pride and resolve.” A Tribute to Democratic Heroes In his speech, Tinubu paid homage to democracy icons who sacrificed their lives for the cause: Alhaja Kudirat Abiola Pa Alfred Rewane Anthony Enahoro Gani Fawehinmi Dan Suleiman Abraham Adesanya Ayo Adebanjo Balarabe Musa Ganiyu Dawodu Bagauda Kaltho Commodore Ndubuisi Kanu […]

Ahmad June 12, 2025

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Hobby

NELFUND Rolls Out April 2025 Upkeep Allowances: System Upgrade Causes Minor Delays

NELFUND Launches April 2025 Upkeep Payments Amid System Upgrades The Nigerian Education Loan Fund (NELFUND) has initiated the disbursement of April 2025 upkeep allowances to eligible students across the country. While most beneficiaries have already received payments, the agency acknowledged minor delays for some due to ongoing system upgrades aimed at enhancing security and efficiency. Key Details for Students ✅ Payments Processed: Majority of beneficiaries have received funds. ⏳ Delays Reported: A small fraction impacted by recent system upgrades. 🔒 Upgrade Purpose: Streamlined processing, improved security, and faster future disbursements. NELFUND’s Assurance to Students Mrs. Oseyemi Oluwatuyi, NELFUND’s Director of Strategic Communications, emphasized transparency and urgency: “We’re collaborating with stakeholders to resolve delays promptly. Our commitment to operational excellence and timely support under the Renewed Hope Agenda remains unwavering.” She added: “We appreciate students’ patience as we enhance systems for their benefit.” Behind the System […]

Ahmad May 20, 2025

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