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Nigerian Education Loan Fund (NELFUND) Takes Steps to Recover Disbursed Loans
Nigerian Education Loan Fund (NELFUND) Takes Steps to Recover Disbursed Loans....KINDLY READ THE FULL STORY HERE▶
The Nigerian Government, led by President Bola Tinubu, has announced that the Nigerian Education Loan Fund (NELFUND) is actively developing strategies to recover loans distributed to undergraduates across the country. This initiative aims to support students in their educational pursuits while ensuring the sustainability of the loan program.
In June, SaharaReporters highlighted a statement from Senate President Godswill Akpabio, revealing that at least 30,000 students from various tertiary institutions were selected to benefit from NELFUND. The fund aims to provide financial assistance to students in need, helping them cover their tuition fees and educational expenses.
Recently, NELFUND CEO Mr. Akintunde Sawyerr confirmed that the organization received an additional ₦50 billion from the Economic and Financial Crimes Commission (EFCC). This funding has facilitated the disbursement of ₦2.9 billion in loans to over 27,000 students across 19 higher education institutions in Nigeria. However, it’s noteworthy that none of these institutions are located in the South-East, while at least one institution from each of the other five geopolitical zones has been included.
Addressing concerns about the exclusion of South-East institutions, NELFUND spokesperson Nasir Ayitogo clarified that the distribution of funds was not influenced by geopolitical considerations. He explained that only institutions that responded to NELFUND’s verification requests were included in the loan disbursement process.
Many Nigerians have raised questions about the sustainability of this policy, particularly regarding the mechanisms in place to ensure loan repayment. In a recent live broadcast on Channels TV, Minister of Education Tahir Mamman emphasized that the program is a loan, not a grant, countering speculation among the public. He stated, “At the moment, these are not grants; they are loans. The government is conscious of the need for a repayment period, and NELFUND is working on recovery criteria.”
The minister also confirmed that students from private universities would not be eligible for the NELFUND loans. He stated, “For now, this loan will only be applicable to students in public institutions.” This decision reflects the understanding that parents of students in private universities typically have greater financial capacity to support their children’s education.
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“Kano Will Fall!” – NDC Candidate Declares Total War On APC Ahead Of 2027.
Aminu Abdulsalam Gwarzo, the Nigerian Democratic Congress (NDC) governorship candidate for Kano State, has declared his firm belief that his party will defeat the incumbent administration in the 2027 elections. During a recent event to affirm his candidacy, the former deputy governor emphasized the unity between the NDC and the Kwankwasiyya movement, asserting their shared determination to lead Kano State in a new direction.....KINDLY READ THE FULL STORY HERE▶
Gwarzo reaffirmed the movement’s unwavering commitment to the ideals of its leader, Rabiu Musa Kwankwaso, stating, “We are the followers of Kwankwaso. We are here, and we continue to pray day and night. By the will of Allah, this government will be defeated in a single stroke.” He pointed to the palpable enthusiasm within the movement as clear evidence that democratic change is well within reach.
Looking toward the upcoming election, Gwarzo outlined a strategy centered on robust grassroots mobilization and consistent engagement with the electorate. He also encouraged his supporters to maintain peace and adhere to the law as the political climate heats up. Finally, he called on the people of Kano to critically evaluate the performance of their political leaders to ensure they are prepared to make informed choices at the ballot box.
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“Relief At Last!” – Dangote Refinery Slashes Petrol Price To ₦1,250 Per Litre.
The Dangote Petroleum Refinery has adjusted its gantry price for Premium Motor Spirit (petrol), lowering it from ₦1,275 to ₦1,250 per litre, marking a two per cent reduction. This price shift is attributed to a decline in international crude oil prices, which serve as the refinery’s primary feedstock. An official from the refinery noted that such adjustments are expected in a deregulated market and emphasized that the company will continue to calibrate prices based on evolving market conditions. Despite this move, current retail prices at many filling stations across Nigeria remain above ₦1,350 per litre, with costs varying by location and marketer.Beyond pricing, the refinery has been credited as a key driver of Nigeria’s improving economic outlook. S&P Global Ratings recently upgraded the country’s long-term foreign- and local-currency sovereign credit ratings from “B-” to “B,” citing factors such as stronger economic growth, increased oil production, and improved external balances. S&P specifically highlighted the operational ramp-up of the Dangote refinery’s 650,000-barrel-per-day facility as a significant contributor to the nation’s enhanced balance-of-payments position and overall economic resilience.....KINDLY READ THE FULL STORY HERE▶
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Political Grudge Match: Ganduje Mocks Kwankwaso, Declares Him His Former “Political Boy”!.
A political war of words has erupted between former APC National Chairman Abdullahi Umar Ganduje and former presidential candidate Rabiu Musa Kwankwaso. The friction began when Kwankwaso, speaking at his Kano residence, insisted that prominent politicians—including Ganduje—owe their political rise to his mentorship and cannot deny their past loyalty to him. Ganduje, currently performing the Hajj pilgrimage in Saudi Arabia, responded through his chief of staff, Muhammad Garba, by asserting that Kwankwaso was actually his own protégé. Ganduje highlighted his role in Kwankwaso’s early career, including his support during Kwankwaso’s rise to the House of Representatives and his decision to step down as a gubernatorial candidate in 1998 to serve as Kwankwaso’s deputy. Ultimately, Ganduje advocated for moving away from “godfather” labels to focus on effective leadership and peace in Kano.....KINDLY READ THE FULL STORY HERE▶
Option 2: Concise Summary
Following Rabiu Musa Kwankwaso’s claims that top Kano politicians were once his “political boys,” Abdullahi Umar Ganduje has fired back, asserting he was actually the mentor in their relationship. While Kwankwaso insisted that his former allies owe their success to his political structure, Ganduje countered by citing his own past support for Kwankwaso’s career, including his sacrifice during the 1998 Kano governorship race. Furthermore, Ganduje requested respect for the office of current Governor Abba Kabir Yusuf and urged Kano’s political class to prioritize unity over divisive rhetoric regarding past hierarchies.
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