Education
NELFUND Disburses N161.97bn to 864,798 Students in 500 Days
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.
By Modupe Gbadeyanka
The monthly subvention to the Edo State University, Iyahmo, has been increased to N250 million from N100 million by the state governor, Mr Monday Okpebholo.
A statement issued on Monday by the Chief Press Secretary (CPS) to the Governor, Mr Patrick Akhere Ebojele, said a grant of N2 billion has also been approved to improve infrastructure in the institution.
Speaking at the commissioning of an e-library and the flagging off of a fitness centre and a health facility in the school, Mr Okpebholo said the funding support is to strengthen the institution’s capacity and improve learning conditions.
“Today is a great day for Edo State University, Iyamho. Since assuming office, our administration has remained committed to repositioning the education sector in Edo State.
“The Ehi Aganmonmen Business Administration E-Library, the Peter Omoh Dunia Fitness Centre, and the Edo State University Health Centre are clear symbols of progress, partnership, and shared responsibility in advancing education and health in Edo State,” he said.
Governor Okpebholo further acknowledged the collective support from stakeholders, including a parent who volunteered to sponsor the architectural designs and the Vice-Chancellor, Professor Adetimirin, who donated one month of his salary.
“If you, the vice chancellor, can donate your salary, why will the Edo state government not donate towards the university projects they are carrying out? On this note, the Edo State government will give you (the school) N2 billion,” he declared.
“I also understand that a parent has offered to sponsor the designs, and our amiable Vice-Chancellor, Prof. Adetimirin, has donated his one-month salary to support the projects. These are not small things — these are sacrifices that speak louder than words,” he added.
On healthcare infrastructure, the Governor expressed support for the university’s plan to upgrade its medical facility.
“I commend the university for the new Health Centre to replace the existing sick bay. This is an important step toward providing better healthcare services to our university community. I assure you of our continued support as we work together to bring this vision to reality,” the Governor said.
He charged students of the institution to use the facilities well, and tasked the university management to “ensure proper maintenance and sustainability of these facilities.”
By Adedapo Adesanya
Forty-five student-led ventures emerged as beneficiaries of a total pool of N2.2 billion in grants at the 2026 Student Venture Capital Grant (S-VCG) Finalist Bootcamp.
The programme of the federal government marks a significant boost to youth innovation under its entrepreneurship drive, announced earlier this year.
At the bootcamp’s closing ceremony and awards presentation held at the United Nations Development Programme (UNDP) office in Ikoyi, Lagos, the winners emerged after a rigorous selection process involving 65 finalists and assessment by a 12-member expert panel.
Speaking at the event, the Minister of Education, Mr Tunji Alausa, said the initiative underscores the government’s commitment to transforming tertiary institutions into centres of innovation, entrepreneurship and practical problem-solving.
He described the S-VCG programme as a key pillar of President Bola Tinubu’s Renewed Hope Agenda, aimed at enabling students to convert ideas into viable businesses.
Mr Alausa noted that each beneficiary can access up to N50 million in equity-free funding, alongside mentorship, incubation support and digital tools.
He added that the programme attracted more than 30,000 applications from 404 tertiary institutions nationwide, reflecting the growing culture of innovation among Nigerian youth.
Also speaking, the Minister of Communications and Digital Economy, Mr Bosun Tijani, commended participants for leveraging technology to develop solutions to real-world challenges.
He urged them to build scalable, tech-driven ventures capable of contributing to national development.
Also speaking, Minister of State for Education, Mrs Suwaiba Sa’id Ahmad, praised the finalists’ resilience and creativity, noting that initiatives like S-VCG are critical to nurturing problem-solving skills and fostering an entrepreneurial mindset among students.
Chairman of the Senate Committee on Tertiary Education and TETFund, Mr Muntari Dandutse, called for sustained investment in youth innovation to strengthen Nigeria’s knowledge-based economy.
On his part, the National Project Coordinator of the Special Programmes Operations and Implementation Unit, Mr Adebayo Onigbanjo, outlined the structure and long-term objectives of the programme, stating that it is designed to equip students with the resources and confidence needed to build sustainable ventures.
By Adedapo Adesanya
The University of Jos has suspended all examinations scheduled for Monday and Tuesday following growing tension in Jos, after a deadly attack in Anguwan Rukuba, Jos North Local Government Area of Plateau State.
The management of the institution also advised students and staff to remain indoors and stay vigilant.
According to reports, the attackers, who rode on motorcycles, stormed the community at about 7:30 pm while residents were going about their normal activities, firing indiscriminately and causing panic.
Many people were killed, while several others sustained injuries in the attack.
“The attackers just rode past and started shooting sporadically. People were running in different directions,” a source told Channels Television.
The broadcaster also reported that in the aftermath of the attack, angry youths reportedly blocked major roads within the community, raising fears of escalating tension.
UniJos, in a statement issued on Sunday by the Deputy Registrar, Information and Public Relations, Mr Emmanuel Madugu, said the incident had heightened tension, necessitating the decision.
“In view of the late evening fatal attacks by unknown gunmen on residents of Angwan Rukuba (an area that hosts many staff and students of the University), and the consequential tensions it has generated in and around the area and environs.
“The Vice Chancellor has directed that all examinations scheduled to hold on Monday, March 30, and Tuesday, March 31, 2026, are postponed, and will be rescheduled accordingly. That members of the University community be advised to be very vigilant and extra careful with their movements (On and off Campus) with IMMEDIATE EFFECT.
“For emphasis, members are strongly advised to AVOID COMING OUT VERY EARLY IN THE MORNING, and should REPORT IMMEDIATELY any sign or shadow of breach of the public peace to the University Security Division on 08035895323.
“University Management is actively liaising with the relevant Security agencies and monitoring the situation to ensure the safety of the lives of members of the University community. Further relevant updates will be communicated in due course,” the deputy registrar added.
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