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Kalu Applauds Tinubu’s Courage, Rallies Support for Renewed Hope Agenda

Deputy Speaker of the House of Representatives, Rt. Hon. Benjamin Kalu, has commended President Bola Ahmed Tinubu's courage in pushing through difficult economic reforms and rallied support for the Renewed Hope Agenda. Kalu said the Renewed Hope Agenda is already delivering tangible results across key sectors of the country, highlighting significant achievements in economic revitalization, social welfare, security, and national development. He made the declaration while inaugurating over 20,000 new members of the Renewed Hope Partners (RHP) in Bende, Abia State. Speaking at the event, Kalu emphasized that the Renewed Hope Agenda is "not just a slogan, but a comprehensive blueprint for Nigeria's progress," citing achievements in economic growth, inflation control, infrastructure, and national inclusion. He noted that Nigeria recorded 3.84% GDP growth in Q4 2024, with annual growth rising to 3.40% in 2024 from 2.74% in 2023. Kalu urged […]

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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 […]

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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 […]

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Zambian Delegation to Study Ghana’s Students Loan Trust Fund.

A Zambian delegation has arrived in Ghana to examine and learn from the operations of the Students Loan Trust Fund (SLTF), a scheme that has played a significant role in supporting Ghanaian students financially. The delegation, led by officials from Zambia’s Ministry of Education, seeks to understand how the SLTF is managed, its funding model, loan recovery mechanisms, and how it contributes to improving access to higher education.The Zambians expressed interest in replicating a similar student loan system back home to enhance opportunities for higher education financing. During their visit, they will engage with SLTF management and officials from the Ministry of Education in Ghana to discuss policies and strategies used to ensure the sustainability of the fund. The team will also meet with Ghanaian universities and key stakeholders involved in student financing.Ghana’s Students Loan Trust Fund has gained attention […]

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