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Student Loans: 350,000 Applications Received, N10bn Disbursed In Tuition, Stipends – NELFUND

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…say disbursement not discriminatory but inclusive
By Gloria Ikibah
The Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has said the Fund has received over 350,000 applications and disbursed over N10 billion, with a commitment to disbursing N90 billion in tuition fees and stipends.
Sawyer stated this  at an inaugural meeting with the House of Representatives Committee on Student Loans, Scholarships and Higher Education Financing on Wednesday.
He said that the scheme is not discriminatory but inclusive, ensuring that every Nigerian, regardless of location or background, has access to the education they deserve.
He further explained that the fund has also been proactive in reaching out to segments of the nation that feel left behind- particularly the South East.
The NELFUND Boss said significant progress has been made in engaging these communities, with multiple rounds of sensitization in the region, resulting in a surge in applications.
He said, “Applications are coming in at an average of over 1,000 per day, and we are making special provisions for students living with disabilities. Moreover, we are focused on addressing the barriers to girl-child education, recognizing that denying girls the opportunity for further education is denying the nation a chance to benefit from their incredible leadership potential.
“With 70% of our population under the age of 35, failing to provide access to education for this segment exposes Nigeria to a future fraught with instability and violence. This intervention by President Tinubu could not have come at a better time.”
According to Sawyerr, the Fund is an institution designed to bring succour to the common man, especially in these challenging economic times, in line with the Renewed Hope Agenda of President Bola Tinubu.
He said it was not just a palliative for immediate relief but a long-term solution aimed at fostering stability and growth in a large and diverse nation like Nigeria.
“This administration, under President Bola Ahmed Tinubu, has introduced many brilliant policies, and the student loan initiative is one that hits closest to home. It is reaching every corner of the nation-East, West, North, and South.
“This policy is not discriminatory; it is inclusive, ensuring that every Nigerian, regardless of location or background, has access to the education they deserve.
“It is akin to monumental policies such as the free education program of Chief Obafemi Awolowo, the establishment of the National Youth Service Corps (NYSC) by Gen Yakubu Gowon, and the creation of federal universities.
“These policies have shaped Nigeria’s development, and the student loan initiative is equally progressive, representing an investment in our nation’s future.
“We have also been proactive in reaching out to segments of the nation that feel left behind- particularly the South East. I am pleased to report that my team and I have made significant progress in engaging these communities, with multiple rounds of sensitization in the region, resulting in a surge in applications,” he said
He further reiterated the commitment of the Fund to working closely and harmoniously with the committee.
Sawyerr said it is only through cooperation and peaceful collaboration can they achieve the best possible outcomes for Nigeria and its students.
“In this regard, NELFUND will also be working closely with the National Assembly in the area of sensitization, recognizing that you are closest to the people and best positioned to reach your constituents.
“A comprehensive work plan will be developed to guide our efforts, ensuring that we engage effectively at all levels to make certain that no student is left behind.
“One of the steps we have taken to strengthen our partnership is the upcoming retreat for the joint committee in the first week of November. This retreat will provide us with the opportunity to interface and sensitize lawmakers on our activities and objectives.
“It will also allow us to gain a deeper understanding of the workings of the National Assembly and the peculiar needs of various constituencies across the country. This collaboration is crucial in shaping a student loan system that truly serves the interests of all Nigerians.
“As we continue to work together, let us remember that our collective goal is the good of Nigeria and its youth. By ensuring that education remains accessible and equitable, we are not only securing the future of millions of young Nigerians, but we are also building a stronger, more prosperous nation,” he added.
Chairman of the Committee, Rep. Gboyega Isiaka, said the Committee was concerned about the ability of the management staff to manage the enterprise, which has so much potential.
According to him, NELFUND was a very critical agency created not only to provide loans, but it’s about creating a future where every Nigerian youth has the opportunity to realise their potentials and contribute to the nation’s growth.
“Therefore, as we progress into proper oversighting of this institution, we are going to be concerned with so many things. We want, for example, to be able to tell ourselves where will NELFUND be within the next three to five years? How is it going to get there? And what are the issues that we need to address in order for them to get there?.
“We as a committee, we have decided to work, and of course working in conjunction with the directive given to us by the Speaker and the leadership of the House, to work with the executive and the management and board of this company to ensure that the reasons for the setting up are achieved.
“But we also expect that we will work very well within the confines of the law and ensure that all the aspirations and the expectations of the people of Nigeria, particularly the youth, are met,” he stated.
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Gombe Rep Yaya Bauchi Tongo dies

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Yaya Bauchi Tongo, a member of House of Representatives representing Gombe/Kwami/Funakaye Federal Constituency of Gombe State is dead.

Rep Tongo died in Abuja on Friday following a brief illness, the spokesperson for the House of Representatives, Akintude Rotimi said in a statement quoting the Gombe State Caucus of the House of Representatives.

While paying tribute to the late lawmaker, Rotimi said his death marked the end of a distinguished life devoted to public service and the advancement of his constituents, Gombe State, and the Federal Republic of Nigeria.

“Rep. Tongo was a dedicated public servant, seasoned grassroots politician, and committed legislator whose life was marked by unwavering service to his people and the nation,” Rotimi said.

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The deceased lawmaker served as Chairman of Funakaye Local Government Area, Special Adviser to the Government of Gombe State, and Member of the Gombe State House of Assembly before his election into House of Representatives.

He was Chairman of the Nigeria–United Arab Emirates Parliamentary Friendship Group in the House of Representatives.

“A respected voice within the Parliament and a passionate advocate for the welfare and development of his constituents, Hon. Tongo brought wisdom, experience, and a deep understanding of governance to legislative deliberations. His contributions to nation-building and democratic development will remain an enduring part of his legacy.

“On behalf of the Speaker of the House of Representatives, Rt. Hon. Abbas Tajudeen, PhD, GCON, the leadership, and the entire membership of the House, we extend our heartfelt condolences to his immediate family, the people of Gombe/Kwami/Funakaye Federal Constituency, and the Government and people of Gombe State on this painful loss.

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“As we mourn the passing of our dear colleague, we pray that Almighty Allah (SWT) forgives his shortcomings, accepts his good deeds, and grants him Aljannatul Firdaus. We also pray that Allah (SWT) grants his family, loved ones, constituents, and colleagues the strength and fortitude to bear this irreparable loss,” Rotimi said.

He added that further details regarding parliamentary tributes and funeral arrangements will be communicated in due course.

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My father’s detention shows Nigeria’s democracy far from complete – El-Rufai’s son

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A member of the House of Representatives from Kaduna North and Chairman, Committee on Banking Regulations, Mohammed Bello El-Rufai, has disclosed that his father, Nasir El-Rufai’s continued detention shows that Nigeria’s democratic journey is far from complete.

Bello noted that democracy can only thrive in Nigeria when the country’s leadership is accountable.

El-Rufai has been in custody of the Independent Corrupt Practices and Other Related Offences Commission, ICPC, since he was arrested at the Abuja airport earlier in the year.

The commission had arraigned him for corruption while he was governor of Kaduna State.

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However, posting on X, Bello wrote: “Today, we celebrate the enduring strength of our democracy and the collective voice of the Nigerian people. Democracy thrives when leadership is accountable, citizens are empowered, and every voice is heard.

“As we commemorate this important day, we must also acknowledge that while our democracy continues to endure, the abuse of citizens’ rights remains a troubling reality.

“The true test of any democracy is not simply the conduct of elections, but its commitment to the rule of law, due process, and the protection of fundamental freedoms.

“The continued unlawful detention of my father, Mallam Nasir El-Rufai, alongside the experiences of many other Nigerians who have faced similar violations, serves as a reminder that our democratic journey is far from complete.

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“On this Democracy Day, let us recommit ourselves to building a nation where justice prevails, institutions are strengthened, and the rights of every citizen are respected and protected.”

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NDC: Dickson, Obi hold closed door meeting amid internal crises

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The National Leader of the Nigerian Democratic Congress, NDC, Senator Seriake Dickson, on Friday held a closed-door meeting with the party’s presidential candidate, Peter Obi, amid recent crises in the party.

Dickson made this known in a statement on his official X handle, revealing that the meeting, which lasted nearly three hours, was attended by Obi and other senior party leaders.

“I just received my brother, colleague, and partner in the New Nigerian Project, His Excellency Mr Peter Gregory Obi, CON, our presidential candidate, who, together with some distinguished leaders of our party, held a closed-door meeting which lasted about three hours.

“In the course of that meeting, we reviewed the activities of our party and discussed a few recent issues that have been a source of concern to all sides, and we amicably resolved all the issues.

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“We have always been on the same page on the bigger picture, i.e., winning the elections for all candidates of our party and rescuing Nigeria from the misgovernance of the APC-led government. However, a few issues have arisen, and we have agreed on how to handle them moving forward.

“I want to use this opportunity again to call on all members of our party to stop the bickering and name-calling and focus on the bigger picture.

“Both His Excellency Peter Obi and I, as well as other leaders and stakeholders of our party, will continue to consult and engage with one another to address and resolve concerns, strengthen the unity and cohesion of our party, and ensure that we remain focused on our shared mission of rescuing Nigeria and building a better future for all.”

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