Student loan: More applicants hopeful as NELFUND credits accounts - Newstrends
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Student loan: More applicants hopeful as NELFUND credits accounts

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NELFUND Boss Dismisses Misappropriation Claims, Insists All Payments Traceable Electronically
Managing Director of NELFUND, Akintunde Sawyerr

Student loan: More applicants hopeful as NELFUND credits accounts

More students across several tertiary institutions in Nigeria are optimistic of benefiting from the next batch of disbursements of the Nigerian Education Loan Fund (NELFUND), Weekend Trust gathered.

The NELFUND, established by the Students Loan Act 2023 is managed and administered by the Central Bank of Nigeria (CBN) through the money deposit banks. It aims to facilitate the mobilisation of funds to provide interest-free loans to students of tertiary institutions.

Beneficiaries are expected to begin a repayment process of 10% of their salary to be deducted at source two years after the completion of the National Youth Service Corps (NYSC), while self-employed beneficiaries are required to remit the same of their monthly profit.

Established by the President Bola Ahmed Tinubu administration as a means of providing financial support to students for tertiary education, the management of NELFUND said it has so far disbursed N11,047,793,949.80 billion to 105,764 beneficiaries across 98 federal and state tertiary institutions.

The disbursement of funds is made directly to the institutions bank accounts while successful applicants are entitled to a monthly stipend of N20,000 for upkeep if they so wish.

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Weekend Trust reports that in August, the NELFUND had released data that showed significant regional disparities in the registration, application and disbursement of funds with the South-east recording the lowest figure.

Netizens on X had accused NELFUND of neglecting universities in the South-east but the Fund refuted the claim, saying the management of tertiary institutions in the South-east had failed to respond to verification requests forwarded to them.

North-west leads in disbursement, South-west in institutions

The latest data released by NELFUND on November 7, shows that the South-west has the highest number of beneficiary institutions with 27 currently getting disbursements. This is followed by the North-west which has 18 institutions while the North-east has 16 and the South-south has 15 institutions. The North-central and South-east have 11 institutions each.

On the number of students by zone, the North-west has the highest number of students with 43,378 followed by North-east with 28, 782 and the South-west with 12,539. The North-central has 11,555 beneficiaries while the South-south has 5,837 and South-east has 4,073.

The breakdown of the funding by zones, also shows that the highest of N4,424,024,250 billion was paid to the 18 institutions in the North-west, followed by the16 institutions in the North-east which got N2,544,223,937 billion, then the 27 institutions in the South-west received N1,842,876,713billion. The 11 institutions in the North-central got N1,099,808,700 billion, while the15 in the South-south got N597,250,030 million and the 11 institutions in the South-east received 539,610,320 million.

 

Student loan: More applicants hopeful as NELFUND credits accounts

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Education

25 Universities, Teaching Hospitals Get Solar Power Under REA Programme

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25 Universities, Teaching Hospitals Get Solar Power Under REA Programme
25 Universities, Teaching Hospitals Get Solar Power Under REA Programme

Twenty-five federal tertiary institutions have been connected to solar electricity under the Rural Electrification Agency’s (REA) Energizing Education Programme.

The REA Managing Director, Abba Aliyu, disclosed this during the commissioning of a 3MW captive solar hybrid power project at Yakubu Gowon University, Abuja.

According to Aliyu, the programme covers 22 federal universities and three affiliated teaching hospitals and has deployed more than 100MW of clean energy.

He said the initiative now benefits over 300,000 students and 50,000 academic and administrative staff.

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Aliyu added that the new 3MW facility would power key university facilities, including lecture halls, laboratories, ICT systems, administrative buildings and campus lighting.

Meanwhile, Minister of Power Joseph O. Tegbe said reliable electricity was essential to supporting teaching, research, healthcare and digital services in universities.

He stressed that the long-term performance of the solar projects would be more important than their commissioning.

Vice-Chancellor of Yakubu Gowon University, Prof. Hakeem Babatunde Fawehinmi, also said dependable electricity was critical to the institution’s academic and research activities.

25 Universities, Teaching Hospitals Get Solar Power Under REA Programme

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Niger State Urges Local Communities to Protect Newly Completed Public Schools

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Niger State Urges Local Communities to Protect Newly Completed Public Schools

Basic education officials deliver modern classrooms to help children learn safely, kicking off an ambitious statewide renovation drive.

State education leaders in Niger State are calling on neighborhood residents and parent groups to take good care of newly renovated primary schools.

On Wednesday, the head of the Niger State Universal Basic Education Board, Dr. Ibrahim A. Liman, reminded communities that public classrooms belong to everyone, warning that state funding can only make a lasting difference when local people watch over these shared spaces.

To prepare for handing over the keys, board officials visited Zango Primary School in Kontagora and Richard Lander Primary School in New Bussa. These two locations are the first to finish out of seven model schools currently under construction.

During their visits, team members inspected classrooms to make sure builders followed high safety standards, while encouraging neighbors to keep the grounds secure, tidy, and ready for pupils.

Furthermore, state officials explained that these building projects are part of a larger plan to improve early education across every community. Alongside these new classrooms, the board is starting repair work on about 400 primary schools throughout the state.

In addition to fixing desks and roofs, authorities are upgrading classroom teaching tools and supporting teachers. As a result, children across all backgrounds will have safe, welcoming spaces to learn and grow together.

 

Niger State Urges Local Communities to Protect Newly Completed Public Schools

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LASU, LASUED, LASUSTECH Shut as ASUU Begins Indefinite Strike

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ASUU Crisis Deepens: Lagos Universities Join UNIBEN, Taraba on Indefinite Strike
LASU, LASUED, LASUSTECH Shut as ASUU Begins Indefinite Strike

Students at three Lagos State-owned universities are facing an indefinite interruption of academic activities after ASUU declared a strike over unresolved demands.

LASU, LASUED and LASUSTECH are affected by the industrial action announced by the union’s Joint Campus Group.

ASUU said it had given the Lagos State Government 14 days from August 31 to address its concerns. According to the union, the deadline expired without a concrete plan or meaningful dialogue.

The union had also issued a final warning on September 10, but said the September 13 deadline passed without talks.

Its main demand is for Lagos State to domesticate and implement the December 2025 Federal Government-ASUU agreement across the three institutions.

ASUU also wants the implementation of welfare provisions, including the Consolidated Academic Tools Allowance for serving and retired academic staff.

The union said the strike would continue until negotiations produce a satisfactory outcome. It also urged students and parents to remain calm.

While the dispute has led to a fresh shutdown in Lagos, another ASUU branch has suspended its strike in Plateau State.

The Plateau State University branch reached an agreement with the state government on issues including the 2025 agreement, outstanding arrears, staff accommodation and other demands. Members are expected to return to academic activities from midnight on September 16.

Meanwhile, ASUU at Taraba State University has issued a fresh 14-day ultimatum to the Taraba State Government. The notice runs from September 14 to September 28 and concerns outstanding provisions of the 2025 Federal Government-ASUU agreement.

 

LASU, LASUED, LASUSTECH Shut as ASUU Begins Indefinite Strike

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