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NELFUND to Open Application Portal for 2024/25 Cycle February 22

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NELFUND

By Adedapo Adesanya

The Nigerian Education Loan Fund (NELFUND) has announced that the 2024/2025 application cycle for student loan will commence on February 22, 2025.

NELFUND’s Managing Director, Mr Akintunde Sawyerr, explained that the new cycle was necessary as the 2023/2024 session would conclude on February 21, 2025.

According to Mr Sawyerr, NELFUND has provided significant financial support to Nigerian students since its inception, disbursing a total of N35,555,920,971 (N35.56 million) in less than a year to cover institutional fees and upkeep allowances.

“In just 220 days, we have received an impressive 364,042 applications with an average of 1,000 applications per day. I am proud to announce that N22,736,960,971 has been disbursed to cover institutional fees across 240 institutions, directly benefiting 215,514 students.

“Furthermore, a total of N12,818,960,000 has been disbursed as upkeep support, reaching 169,114 students, each receiving N20,000 monthly to assist with their living expenses,” he stated.

Mr Sawyerr emphasized NELFUND’s commitment to efficiency, transparency, and continuous improvement, noting that the 2023/2024 student loan application portal would officially close on February 21, 2025.

“As part of our commitment to efficiency, transparency, and continuous improvement, we are here today to formally announce the closure of the 2023/2024 application cycle on our student loan portal. This marks a critical transition as we prepare to open the 2024/2025 application cycle.

The NELFUND boss urged prospective applicants to prepare for the new cycle by gathering the necessary documentation and ensuring they meet eligibility requirements.

“This transition is not just about closing one phase and opening another. It is about ensuring that we optimize our processes for a more effective loan disbursement system. By adhering to a structured application cycle, we can evaluate applications more effectively and ensure that funds are distributed equitably and transparently.”

On concerns of alleged marginalization of students from the southern part of the country, NELFUND’s Executive Director of Operations, Mr Mustapha Iyal, clarified that while about 69 per cent of beneficiaries were from institutions in the North, many of the students actually hailed from the South.

“We have students that are from the South studying in other institutions. So, our system mostly picks institutions, not applicants. So, you can see that we have a lot of institutions in the North on the system that have students from the South applying for the same loan.

“And we have institutions from the South where students from the South are also applying for the loan. But when you look at the population census, the number is really quite high. And I can tell you for free that our system will have almost 45 per cent to 55 per cent based on Northern applicants and Southern applicants.

“So, the numbers you are seeing are just the institutions per region, not really per applicant. So, I don’t think we have any marginalization in our system. And the way the system runs is, even I cannot put anyone on my system,” he said.

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.

Education

Okpebholo Raises Edo State University’s Monthly Subvention to N250m

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Edo State University subvention

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.”

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Education

45 Student-Led Startups Win N2.2bn from FG Ventures Initiative

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45 Student-Led Startups

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.

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UniJos Suspends Exams Over Deadly Jos Attack

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Unijos

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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