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NELFUND disburses N11bn to 90,000 students in six months
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The Managing Director of the Nigerian Education Loan Fund (NELFUND), Dr Akintunde Sawyerr, on Tuesday, said the agency has disbursed N11billion as loans to 90,000 students in six months.
Sawyerr disclosed this during an oversight visit by the Senate Committee on Tertiary Institutions and TETFUND led by its chairman Senator Muntari Dandutse, in Abuja.
He said that fees and stipends for over 90,000 students have been paid.
He said: “Three hundred students have been deemed to qualify for the loans. The gap between those that have qualified and those in benefit of the loan is that we have to go through a rigorous process to ensure we are not giving money to the wrong people.”
Sawyerr said that from the N96 billion earmarked for students’ loans, about N11 billion has been disbursed to the 90, 000 students across the country.
He said: “That figure, N96 billion, is the loan committed to. It’s not the disbursed figure. We have disbursed just below N11 billion.
“The rest of it is going to be disbursed over the next few weeks to students until it gets to that 96 billion.”
He noted that the loan was in two categories; the Institutional Loan and the Upkeep Loan adding that students don’t have to apply for either loan.
“They don’t have to apply for either loan. However, they can only apply for the upkeep loan if they have applied for the institutional loan and received it.
“The institutional loan is the primary loan that allows them to access education.
“Once they have accessed that loan and they get that, they can also get the upkeep but they can’t get the upkeep on its own because upkeep is tied to going to school”.
Sawyerr said that the agency was determined to change the lives of students through the Renewed Hope mandate of President Bola Tinubu-led administration.
He said that in terms of the geo-political zones’ spread of the disbursement, 12 per cent of students from the North-central have benefited from the facility.
“The North-east, 26 per cent have benefited; the North-west, 38 per cent; South-east, about 10 per cent; South-south, about 4 per cent and the South-west, 13 per cent.
“These numbers have doubled since we’ve been there. So, we are monitoring it month by month,” Sawyerr said.
On the loan repayment modalities, Sawyerr said that it has been made very easy in that the programme is not a profit-making activity for the Fund.
“This is a profit-making activity for the nation. Therefore, we have tried to put in soft terms, so that people will not be discouraged from going to school”.
He said that the repayment was for two years after the mandatory National Youth Service Corps (NYSC) if they have a job.
“The onus is on the employer to pay on their behalf or to take money from their salaries”.
Nigeria Pushes Port Expansion Drive to Dominate Regional Trade – Oyetola
By Gloria Ikibah
Nigeria has set its sights on becoming the dominant trade and logistics hub in West and Central Africa, with plans underway to expand port capacity and overhaul key aspects of the maritime sector.
The Minister of Marine and Blue Economy, Dr Adegboyega Oyetola, outlined the government’s direction while declaring open the mid-year session of the Board of Directors of the Port Management Association of West and Central Africa (PMAWCA) in Victoria Island, Lagos, with the theme, “Ports of the Future: Combining Logistical Resilience with Inclusive Community Development”, on Monday in Lagos.
The Minister said fresh approvals had been granted for new deep seaports across the country, aimed at boosting infrastructure and strengthening supply chains.
He said: “Approvals have therefore been granted for the development of additional deep seaports across the country to complement existing infrastructure, strengthen supply chain resilience, and reinforce Nigeria’s position as the preferred maritime and logistics hub for West and Central Africa”.
Dr. Oyetola also pointed to ongoing efforts by the administration of President Bola Ahmed Tinubu to modernise port operations through infrastructure upgrades, digital systems and improved efficiency.
According to him, coordinated policies and closer collaboration among agencies have eased longstanding challenges at the ports.
The minister who highlighted the National Single Window project as a key reform designed to simplify cargo clearance by integrating government processes digitally, further disclosed that existing ports would be upgraded, including the deepening of channels to accommodate larger vessels.
“These efforts have contributed to improved cargo evacuation, reduced vessel waiting time, greater operational efficiency, and a more predictable business environment for port users and investors.
“These upgrades are critical to ensuring that our ports remain globally competitive and capable of supporting larger volumes of trade in the years ahead”,he added.
On security, Dr Oyetola said the Deep Blue Project had successfully tackled piracy in Nigerian waters and significantly curtailed maritime crime across the Gulf of Guinea, helping to restore investor confidence in the region.
He therefore urged participants at the conference to focus on initiatives that would “strengthen logistical resilience in port operations and regional supply chains,” while also promoting sustainability, innovation and inclusive growth tied to maritime activities.
In his remarks, Managing Director of the Nigerian Ports Authority and President of PMAWCA, Dr Abubakar Dantsoho, said the sub-region was experiencing renewed momentum in port development, with investments exceeding 27 billion dollars either underway or recently announced.
He listed several major projects, including the Simandou-Morebaya Deep Sea Port in Guinea, the Port San Pedro project in Côte d’Ivoire, the Lekki Deep Sea Port in Lagos, as well as developments in Ghana and Senegal.
He also noted continued investment in Nigeria’s Apapa and Tin Can Island ports, alongside a significant commitment from APM Terminals.
Dantsoho said ports must evolve beyond their traditional function as transit points for cargo and play a broader role in advancing the blue economy.
According to him, “the future of the sector lies in areas such as renewable marine energy, aquaculture, sustainable fisheries, coastal tourism and marine biotechnology”.
The event, which runs from 18 to 20 May 2026, drew a wide range of participants, including the Governor of Taraba State, Dr Kefas Agbu, representatives of the Lagos State Government, business leaders such as Alhaji Aliko Dangote, and senior presidential advisers among others.
Ex-Kaduna State Governor Nasir el-Rufai was re-arraigned on Monday at the Federal High Court in Abuja by the Department of State Services for allegations of illegally tapping the phone of the National Security Adviser.
He arrived at the court around 8:55 a.m. under heavy security.
DSS operatives cordoned off the complex and restricted access, temporarily blocking journalists, court staff, and the public from entering.
The move sparked a brief protest at the gate.
Activist and former AAC presidential candidate Omoyele Sowore led the protest, arguing that “el-Rufai’s arraignment should not deny Nigerians access to a public facility.”
A source at the Independent Corrupt Practices Commission said DSS operatives picked el-Rufai up from its facility at 7:00 a.m. ahead of the arraignment.
“The case is not ours. DSS operatives came to pick him up around 7:00 a.m. for arraignment,” the source said.
The re-arraignment relates to claims that el-Rufai authorised or was involved in tapping the NSA’s phone.
The case has added to ongoing political and legal tensions around the former governor.
The Federal High Court in Abuja has granted bail to former Kaduna State Governor, Nasir El-Rufai, in the sum of N100 million in his trial over alleged breach of national security.
Justice Joyce Abdulmalik, while delivering ruling in a bail application on Monday, imposed a series of stringent conditions El-Rufai must meet before being released on bail.
The ex-governor is to provide one surety in like sum. The court ordered that the surety must reside in either Maitama or Asokoro districts of Abuja and must deposit the original Certificate of Occupancy of a landed property at the court registry.
The surety is also required to be a federal civil servant not below Grade Level 17 and must provide evidence of salary payments for at least three months, authenticated by a letter from the manager of the bank within the jurisdiction of the court.
The court further ordered the surety to depose to an affidavit of means, enter into a bail bond and submit a recent passport photograph to the court registry.
As part of the bail conditions, El-Rufai is to deposit all valid international passports with the court.
The court also directed that a verification letter from the surety’s immediate department be submitted, alongside a tax clearance certificate covering the last six months.
Justice Abdulmalik further ordered the defendant to report to the headquarters of the Department of State Services, DSS, every last Friday of the month by 10 a.m. to sign an attendance register, pending the determination of the case.
The judge warned that failure to comply would lead to an automatic revocation of the bail.
The court additionally directed El-Rufai to submit a letter of attestation from the Chairman of the Kaduna Traditional Council.
The court equally ordered an accelerated trial of the charge brought against El-Rufai by the Nigerian government.
Nigeria Pushes Port Expansion Drive to Dominate Regional Trade – Oyetola
Many headaches of El-rufai as DSS re-arraigns ex-gov in Abuja for alleged phone tapping of NSA
Just in: Court Grants El-Rufai N100m Bail With Hard Conditions
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