News
Student loan refunds: NELFUND moves against defaulting institutions
The Nigerian Education Loan Fund has moved against tertiary institutions accused of withholding refunds due to students under the Federal Government’s student loan scheme, warning that it is engaging affected schools and relevant authorities to ensure compliance.
NELFUND, in a public notice issued on Monday, also condemned reports of arbitrary increases in tuition and other institutional charges, describing such practices as contrary to the objectives of the student loan programme.
NELFUND said some institutions had delayed or outrightly refused to refund students who had paid their tuition before the Fund subsequently disbursed the same fees to the schools on their behalf.
“The Nigerian Education Loan Fund has noted with concern reports of some tertiary institutions delaying or refusing to refund students whose tuition fees had already been paid before NELFUND disbursements, as well as arbitrary increases in tuition and other institutional charges,” the statement read.
It said the Student Loan Scheme was designed to remove financial barriers to higher education and should not become an avenue for placing additional financial burdens on students.
“The Student Loan Scheme, an initiative of the administration of President Bola Ahmed Tinubu, was established to remove financial barriers to higher education, not to create additional burdens for Nigerian students,” the Fund stated.
To address the issue, NELFUND said it had commenced engagements with the affected institutions and relevant authorities to ensure that eligible students receive their refunds and that institutional charges remain fair and transparent.
“NELFUND is engaging the affected institutions and relevant authorities to ensure that due refunds are made to eligible students and that institutional charges remain fair, transparent, and consistent with the objectives of the Scheme,” it said.
The Fund reiterated its commitment to protecting students and preserving public confidence in what it described as a landmark national intervention.
“NELFUND remains committed to protecting the interests of students and preserving the integrity of this landmark national intervention,” the statement added.
The latest intervention follows growing complaints by beneficiaries of the student loan scheme that some tertiary institutions have failed to refund tuition fees they paid before NELFUND settled the same obligations directly with the schools.
Students have also raised concerns over delays in processing the refunds, despite confirmations that the institutions had received payments from the Fund.
The student loan scheme, a flagship education financing initiative of President Bola Tinubu’s administration, was introduced to improve access to higher education by providing interest-free loans to eligible students in public tertiary institutions.
Under the programme, NELFUND pays tuition directly to institutions while approved upkeep allowances are paid into beneficiaries’ bank accounts.
Since disbursements began, the Fund has consistently warned institutions that students who paid their fees before NELFUND’s intervention are entitled to full refunds once the Fund remits the tuition on their behalf.
Monday’s notice signals a tougher enforcement stance by the agency as it seeks to prevent abuses that could undermine confidence in the programme.
By Gloria Ikibah
Nigeria and India have reaffirmed their commitment to deepening bilateral relations, with trade, consular matters, education and cultural cooperation taking centre stage during talks between their foreign ministers in New Delhi.
Nigeria’s Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu, held bilateral discussions with India’s External Affairs Minister, Dr S. Jaishankar, on the sidelines of the 18th BRICS Leaders’ Summit hosted by India.
The summit is being held under the theme, “Building Resilience, Innovation, Cooperation and Sustainability.”
In a statement issued on Sunday, the minister’s Special Assistant on Communication and New Media, Dr Magnus Eze, said the welfare of Nigerians living in India was among the major issues discussed by the two ministers.
A key concern was the situation of Nigerians who have overstayed their visas. Odumegwu-Ojukwu appealed to the Indian authorities for an extension of the existing amnesty arrangement to allow affected Nigerians to return home voluntarily without facing penalties.
The ministers also discussed the possibility of concluding a bilateral Memorandum of Understanding on the Transfer of Sentenced Persons.
The proposed agreement would establish a framework for the humane and orderly transfer of eligible prisoners between Nigeria and India.
On economic relations, the two sides examined opportunities for increasing trade and investment, while stressing the importance of building stronger and mutually beneficial economic partnerships.
Education and cultural exchanges also featured in the discussions, with both countries recognising the sectors as important tools for strengthening people-to-people relations.
Greater cooperation in these areas, the statement said, is expected to promote mutual understanding while creating more opportunities for citizens of Nigeria and India.
The meeting formed part of Nigeria’s efforts to use its participation in the BRICS platform to strengthen bilateral partnerships, attract greater economic opportunities and advance South-South cooperation.
Nigeria’s engagement with India comes as both countries seek to broaden their areas of cooperation beyond traditional diplomatic relations, particularly in trade, investment, education and people-to-people exchanges.
By Gloria Ikibah
Nigeria is seeking to tap into India’s experience in technology and youth engagement as Vice-President Kashim Shettima leads the country’s delegation to the 18th BRICS Summit in New Delhi.
Vice President Shettima is representing President Bola Tinubu at the summit, where Nigeria is expected to pursue opportunities in trade, investment, agriculture, technology, manufacturing and industrial development.
The high-level Nigerian delegation includes the Minister of Foreign Affairs, Ambassador Bianca Odumegwu-Ojukwu; Minister of Industry, Trade and Investment, Jumoke Oduwole; Minister of Communications, Innovation and Digital Economy, Bosun Tijani; and Minister of Environment, Balarabe Lawal.
Nigeria became a BRICS partner country in January 2025 and has since used the platform to strengthen South-South cooperation and expand economic and diplomatic relations with major emerging economies.
A major focus of Nigeria’s engagement at the summit will be India’s progress in technology, artificial intelligence and the digital economy, particularly its approach to harnessing its large youthful population.
Odumegwu-Ojukwu said India’s experience offered important lessons for Nigeria, especially in agriculture, the digital economy, artificial intelligence and the participation of women in the technology sector.
She said Nigeria was determined to learn from India’s expertise and its “greatest strength” in engaging young people to promote innovation, economic growth and inclusive development.
The minister stressed that India’s ability to deploy technology while creating opportunities for its youthful population could provide useful ideas for Nigeria as it seeks to expand its digital economy and create more opportunities for its young people.
Beyond technology and youth development, Nigeria is expected to use its participation in the BRICS Summit to strengthen economic ties with India and other emerging economies.
The country will also seek to attract investment and expand cooperation in agriculture, manufacturing and industrial development as it explores ways of turning its BRICS partnership into tangible economic opportunities.
Nigeria’s participation underscores the Federal Government’s broader push to deepen engagement with emerging economies and strengthen partnerships capable of supporting technology-driven growth and sustainable development.
The Minister of the Federal Capital Territory (FCT), Barr. Nyesom Wike, has said President Bola Ahmed Tinubu is fully aware of his “Rainbow Coalition” and all his political activities.
Wike made the declaration on Tuesday night while speaking on Arise News Prime Time.
“There is nothing that I do that I don’t tell Mr. President,” he stated.
The FCT Minister said he was mobilizing support across party lines for the reelection of President Tinubu in 2027 under what he termed a “Rainbow Coalition.”
He has consistently maintained that his support is solely for the President, and not for the All Progressives Congress (APC), as a party.
Wike, a chieftain of the Peoples Democratic Party, (PDP), said his actions are not done in secret, stressing that the President is carried along at all times.
Wike also said he is not answerable to governors elected on the platform of the APC.
“I’m not answerable to APC governors.
“If people fail to learn from other people, they don’t grow. I took 31 days to commission projects in the FCT and they are not happy,” he added.
Turning to the Governor of Imo State, Hope Uzodimma, Wike said: “Hope Uzodimma should be lucky that I’m not in the APC. Hope fears for nothing.
“When I look at the APC governors who held the press conference, I see some people who are smart but politically lazy. Hope Uzodinma was the governor of Imo State, yet President Tinubu could not secure 10% of the votes there.
“Hope in his own state, Imo state, he was Governor. President Tinubu didn’t get 10% votes in the 2023 elections, but he took two senators and Labour Party took one senator. Is he saying Imo people were confused, or were they not confused?
“The governors of Osun, Anambra and Abia States are supporting the President reelection. Won’t they still support the candidates of their parties in other elections? So where is the confusion?”
Speaking about Rivers State, the Minister said; Becauseof our rainbow coalition, we no longer have Rivers of blood. There is no litigation on party candidates in Rivers State, unlike Imo State.”
When asked where else in the South-South the President can win, the Minister replied: “That can happen in Bayelsa State. The whole PDP there is working for the President. The founder of the NDC is not the founder of Bayelsa.”
“As I sit here today, I will tell you that the President will win in the FCT,” he added.
Nigeria-India Deepen Ties as Trade, Consular Issues Dominate BRICS Talks
Nigeria Eyes India’s Tech Edge, Youth Power at BRICS Summit
Wike: Tinubu privy to my rainbow coalition, says I’m not answerable to APC governors
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