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January 2024 Commencement of Student Loan Scheme Intact—FG

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Student Loan Scheme

By Adedapo Adesanya

The Minister of State for Education, Mr Yusuf Sununu, has emphasised that the January date for the take-off of Nigeria’s student loan scheme is still intact, adding that a website had already been working for interested students with requisite criteria.

While speaking at the 29th National Economic Summit in October 2023, President Bola Tinubu said the loan programme “must commence” in January 2024.

Now, Mr Sununu, after the first 2024 meeting of the Federal Executive Council (FEC) held in Abuja on Wednesday, pointed out that the government had made funding provisions for it in the 2024 budget and commencement was near.

Mr Sununu also disclosed that the council approved the setting up of foreign institution campuses in the country to increase enrollment of Nigerians and encourage research among higher institutes worldwide.

He said that a guideline has been provided to ensure that the quality of training on local campuses is standardised with the parent institution abroad.

He added that the policy would also save the nation from scarce foreign exchange taken abroad instead of being used for national development.

Recall that the Permanent Secretary at the Ministry of Education, Mr Andrew Adejoh, had earlier said the implementation of the student loans scheme would be in September 2023, but this date was missed by the government, which was yet to get all things in place.

President Tinubu signed the Student Loan Bill into law last year, and the scheme has been touted as a measure that would curb the lack of access to education.

Meanwhile, President Tinubu has approved the payment of renewal fees for the Group Life Assurance for federal government workers.

Minister of Information and National Orientation, Mr Mohammed Idris disclosed this sequel to a memo brought by the Head of the Civil Service of the Federation, Mrs Folasade Yemi-Esan to the council.

He said the President approved about N9.6 billion for 12 local insurance firms to cover the Federal workers in case of unforeseen eventualities in the course of their duties.

“There are about 12 insurance companies involved. It’s a normal annual cover that insurance companies give workers. So, in the event of death or severe injury, they can resort to and so that their families would not have to suffer,’’ he said.

Mr Idris said that the approval was part of the administration’s determination to accord all its workers the needed reward that would improve efficiency, productivity, and service delivery to Nigerians.

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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Education

Zurich-based Sparkli Raises $5m for Generative Learning Platform

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Sparkli $5m

By Dipo Olowookere

A Zurich-based anti-chatbot edtech firm, Sparkli, has secured about $5 million pre-seed round for its generative learning engine designed to turn screen time into active learning expeditions that foster agency, curiosity, and future-ready skills.

The pre-seed round will allow Sparkli to scale its generative learning engine and prepare for a private beta launch in January 2026. The company is currently validating its platform through a strategic pilot with one of the world’s largest private school groups.

This partnership provides Sparkli with a powerful testing ground across a network of more than 100 schools and over 100,000 students.

Sparkli transforms the curiosities of children into multi-disciplinary, real-life journeys that foster future-ready skills, including technology, design thinking, sustainability, financial literacy, entrepreneurship, emotional intelligence, and global awareness.

The company is already positioning itself to disrupt the $7 trillion global education market, a sector widely predicted to be one of the most significant use cases for artificial intelligence.

Its approach is shaped by three shifts essential for modern childhood education, a strategy designed to solve the ‘Agency and Curiosity Gap’. First, it forces a Velocity Shift by moving away from static curriculums to real-time relevance where children explore new topics the moment they emerge.

Second, it drives an Engagement Shift by replacing the dry ‘AI chatbot wall of text’ and passive screen time (watching videos, playing video games) with a multimodal playground of visuals, voice, and playable simulations. This turns consumption into active, gamified inquiry rooted in educational value.

Finally, Sparkli prioritizes a Skills Shift that focuses on capabilities such as creativity and complex problem solving rather than memorization.

“Our goal is to build agency in the next generation. Children learn by exploring, making choices, asking questions, and discovering what inspires them. Sparkli turns screen time into a place where curiosity grows rather than fades,” the chief executive of Sparkli, Mr Lax Poojary, said.

One of the funders, Lukas Weder of Founderful, said, “Sparkli represents a step change in how children can interact with knowledge.

“The team is applying high caliber engineering and thoughtful pedagogy to a space that desperately needs innovation. Their traction with schools shows a real appetite for tools that foster curiosity and agency rather than passive consumption.”

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Education

NELFUND Disburses N161.97bn to 864,798 Students in 500 Days

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NELFUND

By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFUND) has disbursed N161.97 billion to 864,798 students nationwide since the inauguration of its student loan portal on July 17, 2024, as part of efforts to expand access to tertiary education.

The Managing Director of NELFUND, Mr Akintunde Sawyerr, while briefing journalists on the progress, impact and challenges of the scheme under the President Bola Tinubu’s Renewed Hope Agenda, said it was established to ensure that no Nigerian student was denied education because of financial constraints.

According to him, the fund has so far received 1,361,011 loan applications from students across the country.

He explained that out of the N161.97 billion disbursed, N89.94 billion was paid directly to 263 tertiary institutions to cover tuition and institutional charges, while N72.03 billion was paid to students as upkeep allowances.

“As at today, 1,361,011 applications have been received, 864,798 students have so far benefited from the loan scheme, and total disbursement stands at N161.97 billion.

“These includes N89.94 billion paid directly to 263 tertiary institutions for tuition and institutional fees, and N72.03 billion paid directly to students as upkeep allowances,” he said.

He noted that the figures represented tangible impact on students and families, describing them as evidence of barriers being removed and opportunities being created.

The NELFUND boss said the agency, had over the last year, embarked on extensive sensitisation across tertiary institutions to improve awareness and access to the scheme.

He added that the focus would now expand to parents, guardians, traditional rulers and faith-based institutions.

He said this new approach was to deepen public understanding and trust in the scheme.

“Over the last year, NELFUND has undertaken extensive sensitisation and engagement across tertiary institutions nationwide.

“We have worked directly with students, school authorities, and stakeholders to drive awareness, understanding, and access to the scheme.

“However, as we move into this new phase, we recognise that deepening impact requires broader engagement.

“So this year, our focus will expand to another very important group within the NELFUND ecosystem,” he said.

On upkeep payments, the managing director disclosed that a reconciliation exercise carried out after the 2024/2025 academic session revealed that 11,685 students had outstanding upkeep payments amounting to N927.98 million.

He clarified that the outstanding payments were not due to withheld funds or policy failure, but resulted from technical and operational issues.

He said such issues include network downtime, failed transactions and unvalidated bank account details.

He also said that the NELFUND management had approved a one-time reconciliation process to resolve the cases, including direct engagement with affected students.

He further said that a grace period for updating bank details, multi-layer validation and prompt payment upon verification had also been approved.

Responding to questions on sustainability, Mr Sawyerr said that the amended student loan law removal of guarantor requirements, inclusion of upkeep allowances and the ability to raise and invest funds were key elements supporting long-term sustainability.

He added that NELFUND was also exploring partnerships with philanthropists, corporate organisations and government agencies, citing a N20 billion collaboration with the Ministry of Education on Technical and Vocational Education and Training (TVET) as an example.

Also speaking, the Executive Director of Operations, NELFUND, Mr Mustapha Iyal, said that outstanding upkeep represented about 11,000 out of more than 400,000 beneficiaries in the 2024/2025 session.

Mr Iyal said NELFUND had contacted institutions to validate student data, noting that many of the issues arose from incorrect information supplied by applicants.

According to him, feedback has been received from over 100 institutions, and payment of the outstanding upkeep allowances is expected to commence shortly.

He also disclosed that applications for the 2025/2026 academic session began in November, 2025, with over 200 institutions submitting updated data.

He said about 280,000 applications had been received from those institutions, out of which loans had already been disbursed to more than 150,000 students.

He added that upkeep payments for the new session would begin in January, explaining that upkeep allowances were tied to active academic sessions and required fresh applications each session.

On loan repayment, Mr Iyal said repayment had already commenced, with some beneficiaries who had graduated and secured employment beginning to repay their loans.

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Education

Edo Postpones School Resumption as Tension Rises

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Edo State map

By Adedapo Adesanya

The Edo State Government has postponed the resumption date of all public and private schools in Edo Central Senatorial District as tension rose in the state.

The senatorial district, which is the region of Governor Monday Okpebholo, has witnessed a couple of security crises recently, including the arrest of over 50 students.

In a statement on Monday, the state Commissioner for Education, Mr Paddy Iyamu, said the postponement was until further notice, to enable the state government address prevailing exigencies and improve the welfare and safety of pupils.

“The new date of resumption will be duly communicated to the public in due course,” the Commissioner said.

“Parents, guardians, and all education stakeholders within Edo Central Senatorial District are kindly requested to take note of this development and comply accordingly.”

The development was after last Saturday’s peaceful protest over insecurity and kidnapping in Ekpoma, Esan West Local Government Area, which turned violent.

According to reports, certain actors hijacked the protest, blocked a major highway, disrupted commercial activities, and attacked traders at the livestock market, where goats were killed and cows beaten, scenes captured in viral videos.

The attackers also invaded and vandalised the palace of the Onojie of Ekpoma, Mr Zaiki Anthony Abumere II.

On Monday, the governor, accompanied by the state’s Commissioner of Police, Monday Agbonika, and others, visited the palace to assess the level of destruction.

Several vehicles, canopies, chairs, doors, and windows were damaged, while goods belonging to the monarch’s wife were also destroyed.

Describing the invasion as criminal and unacceptable, Mr Okpebholo said protests must never be used as a cover for lawlessness.

The governor disclosed that a security meeting had been held earlier with a strong focus on Edo Central, particularly the Ekpoma axis, noting that strategic, technology-driven security operations had been deployed.

On social media, a lot of Nigerians have condemned the actions of the government, saying innocent people have been arrested.

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