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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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DOUBLE AGENT CRISIS: Melaye Fires Epic Warning Over Adedeji’s Alleged Dual Roles As Tax Boss and President’s Fundraiser!.
African Democratic Congress (ADC) chieftain Dino Melaye has strongly criticized the inclusion of Nigeria Revenue Service (NRS) Executive Chairman, Zacch Adedeji, as Deputy Director of Fundraising for President Bola Tinubu’s 2027 presidential campaign.....KINDLY READ THE FULL STORY HERE▶
Appearing as a guest on Arise Television’s Prime Time, Melaye argued that assigning campaign fundraising duties to the head of a critical national revenue agency demonstrates profound desperation and violates public service rules.
Key Objections and Legal Challenge
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Conflict of Interest: Melaye emphasized that because the NRS chairman’s office is a Senate-confirmed position bound by statutory and public service regulations, holding a simultaneous political campaign role creates an unacceptable conflict of interest.
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Intentions Questioned: He alleged that the arrangement suggests the initial appointment to the NRS was strategically designed to channel financial backing toward the president’s re-election bid.
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Legal Action: Vowing to challenge the development in a court of law, Melaye stated his intention to expose what he perceives as a disregard for governance standards.
Response to Campaign List Review
Melaye also reacted to recent reports regarding the suspension and review of the campaign council roster. He claimed that the swift administrative pullback and the omission of certain names were direct reactions to public outcry and criticisms raised by opposition figures.
Would you like to explore official updates or review related portal information regarding political appointments and guidelines? You can check updates through the Arise News Portal or reference announcements via Daily Post.
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‘God Before Politics’ – Fani-Kayode Accuses El-Rufai Of Persecuting Kaduna Christians
Former Aviation Minister and Nigeria’s former Ambassador to South Africa, Femi Fani-Kayode, has publicly criticized former Kaduna State Governor Nasir El-Rufai, alleging that his eight-year administration oversaw the systematic marginalization and mistreatment of Christian communities in the state.....KINDLY READ THE FULL STORY HERE▶
Addressing northern Christian leaders, Fani-Kayode claimed that during El-Rufai’s tenure, Christian communities faced violence, denial of developmental projects, and unequal allocation of resources. He asserted that Christian clergy members frequently endured insults and opposition regarding government policies, yet maintained a stance of prayer and non-violence.
Shifting his focus to the current administration, Fani-Kayode praised incumbent Governor Uba Sani—who previously served as a special adviser under El-Rufai—describing him as fair-minded and inclusive. According to Fani-Kayode, Sani had privately expressed deep concern over the previous administration’s approach toward religious groups in the state.
Furthermore, Fani-Kayode alleged that El-Rufai’s former deputy, Barnabas Bala Bantex, was also undermined and disrespected because of his faith during cabinet sessions. Concluding his remarks, Fani-Kayode emphasized that principles of fairness and spiritual duty must always transcend partisan politics.
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Inside Oshiomhole’s Warning: Why Hope Uzodinma Is The Wrong Man To Sell The APC Government to Ndigbo!
Former Edo State Governor and current Senator Adams Oshiomhole has clarified that Imo State Governor Hope Uzodimma should not bear the sole responsibility of championing President Bola Tinubu and his administration across the South-East region.....KINDLY READ THE FULL STORY HERE▶
Speaking during a television interview on Sunday, Oshiomhole addressed broader political engagement strategies aimed at strengthening ties between the Federal Government and the South-East. He noted that while Uzodimma holds a prominent position as secretary within the ruling party’s campaign structure, that role does not translate to an exclusive mandate for explaining government policies and milestones to the Igbo community.
Instead, Oshiomhole emphasized that all political leaders and governors representing the South-East share an equal duty to communicate effectively with their constituents and build strong bridges with the center.
“Please note, the fact that Hope Uzodimma is the secretary doesn’t mean he will be the one marketing President Bola Ahmed Tinubu to the Igbo nation. I believe that every other governor in the South-East also has a role to play,” Oshiomhole stated.
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