Politics

Atiku Vows to Scrap NELFUND, Offers Student Debt Forgiveness if elected

Published

1 month ago

September 3, 2026

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Atiku Abubakar

Atiku Vows to Scrap NELFUND, Offers Student Debt Forgiveness if elected

ADC presidential candidate slams Tinubu’s ‘witchcraft economics,’ says President raised school fees before offering loans as ‘rescue’

The presidential candidate of the African Democratic Congress (ADC), Atiku Abubakar, has vowed to review and effectively scrap the Nigerian Education Loan Fund (NELFUND) policy while providing debt forgiveness for qualifying Nigerian students if elected president in 2027. Atiku’s position was disclosed by his Senior Special Assistant on Public Communication, Phrank Shaibu, in a statement issued on Tuesday evening. The statement came in response to President Bola Tinubu’s recent post on X, in which the president criticised Atiku’s economic positions without directly mentioning him. Shaibu dismissed Tinubu’s invocation of NELFUND as proof that education had become more affordable under his administration, describing the argument as dishonest. He contended that the President had first driven up the cost of education before presenting loans as a rescue package. “Celebrating NELFUND as proof that education has become affordable under your government is like setting school fees on fire and then boasting that you lent students a bucket of water,” Shaibu queried. He described the arrangement as “witchcraft economics,” stating: “You make education more expensive, lend students money to survive the increase, and then demand applause for the rescue. That is not affordability. It is witchcraft economics: create the burden with one hand, offer debt with the other, and demand applause for the intervention.”

According to Shaibu, Atiku has already conducted a review of the existing student-loan framework and does not believe young Nigerians should begin their working lives under the weight of education debt. “His approach will reduce the underlying cost of education and, after review, provide forgiveness for qualifying student debts so that young Nigerians can graduate with hope rather than repayment burdens. Education should open doors, not mortgage the future,” said Shaibu. Shaibu insisted that a student loan, by its nature, could not be mistaken for a scholarship, and that the true measure of any education policy was whether families could keep their children in school without being forced into borrowing. He pointed out that government should not “parade the loan itself as evidence that the system is working” once the underlying cost of education has become prohibitive for ordinary families. He further accused the presidency of deploying scare tactics against Nigerian students and workers by suggesting that Atiku’s proposed energy intervention, targeted at Nigerian crude supplied for domestic refining, would somehow undermine NELFUND, cut salaries or reverse the minimum wage. “If your government has the arithmetic, Bola, publish it. Show Nigerians, line by line, how a transparently budgeted subsidy tied to Nigerian crude and domestic refining suddenly empties NELFUND or workers’ pay packets,” he demanded. Shaibu maintained that Atiku’s position was the direct opposite of what the presidency had claimed, insisting that reducing the cost of energy and transportation would leave workers’ salaries and students’ upkeep going further rather than less. “Reduce the cost of energy so that salaries buy more. Reduce transport costs so that less of a worker’s wage disappears merely getting to work. You cannot make life painfully expensive, push students towards debt to survive the consequences, and then frighten those same students that cheaper fuel will take their loans away,” he declared.

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Meanwhile, a NELFUND board member representing students, Comrade Umar Farouk Lawal, has faulted Atiku’s comments and challenged the former vice president to provide evidence that President Tinubu ordered an increase in tuition fees in tertiary institutions. Lawal, in a statement on Wednesday, said there was no evidence that President Bola Ahmed Tinubu ordered an increase in tuition fees in federal or state-owned tertiary institutions. He challenged Atiku and heads of tertiary institutions across the country to produce any presidential directive, circular, memo, or official document showing that President Tinubu ordered an increase in tuition fees. He described the allegation as misleading, saying political discussions about the education and future of Nigerian students should be based on facts and verifiable evidence. “As the Board Member representing Students on the Board of the Nigerian Education Loan Fund (NELFUND), I wish to state categorically that at no time has Mr. President ordered the increment of tuition fees in any federal or state-owned tertiary institution in Nigeria,” Lawal stated.

Lawal defended the NELFUND scheme, saying the Fund was established to ensure that financial difficulties do not prevent Nigerian students from accessing higher education. He cited figures indicating that more than 1.38 million students had benefited from the scheme as of April 2026, with over N242 billion disbursed for tuition and upkeep support. As of August 2026, the total disbursement had reportedly reached over N322 billion through more than 1.6 million student loan applications. He rejected the description of NELFUND as merely a response to alleged increases in school fees, saying such a characterisation misrepresented the purpose and impact of the Fund. “NELFUND is a major intervention designed to expand access to tertiary education and provide financial relief to students from families who may otherwise struggle to meet the cost of their education,” he stated.

Lawal also challenged Atiku to explain what aspects of NELFUND he intended to review and how his proposed alternative would improve on the existing system. “If Alhaji Atiku Abubakar believes that NELFUND requires a review, Nigerians deserve to know what exactly he intends to review, what aspect of the existing framework he considers inadequate, and how his proposed alternative will improve upon the support currently being provided to students,” he said. On reports that Atiku’s proposal could include debt forgiveness for qualifying beneficiaries, the NELFUND board member said Nigerians should be told how such a policy would be funded and implemented without undermining the sustainability of the student loan system. Lawal further clarified that decisions by individual tertiary institutions to review or adjust their charges should not automatically be attributed to the President. He noted that federal and state tertiary institutions have governing structures and authorities responsible for determining institutional charges within the applicable regulatory framework. He urged political leaders, particularly those seeking the presidency, to make constructive, evidence-based, and student-centered contributions to discussions on the future of education in Nigeria. “It will be wrong to discredit an initiative that has provided tangible assistance to millions of Nigerian students without presenting credible evidence to support such allegations,” he said. Bayo Onanuga, President Tinubu’s special adviser on information and strategy, and Daniel Bwala, special adviser on policy communication, were unavailable for comment. Text and WhatsApp messages sent to them had not been answered as of press time.

Atiku Vows to Scrap NELFUND, Offers Student Debt Forgiveness if elected

Related Topics:Atiku Debt Forgiveness Featured NELFUND

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Politics

2027: Ajaero Questions Tinubu, Atiku, Obi’s Economic Approach, Highlights Adebayo’s Ideas

Published

14 hours ago

October 5, 2026

Trends Admin

President of the Nigeria Labour Congress (NLC), Joe Ajaero

2027: Ajaero Questions Tinubu, Atiku, Obi’s Economic Approach, Highlights Adebayo’s Ideas

President of the Nigeria Labour Congress (NLC), Joe Ajaero, has questioned the economic positions of President Bola Ahmed Tinubu, former Vice President Atiku Abubakar and Peter Obi, while saying the ideas of Social Democratic Party (SDP) presidential candidate Adewole Adebayo deserve serious attention ahead of the 2027 presidential election.

Ajaero made the comments during an interview with Seun Okinbaloye on Mic On, where he was asked about the economic policies of Atiku and other leading figures in the 2027 race.

Rather than focusing solely on Atiku’s economic proposals, the NLC president highlighted the positions of Adebayo and Accord Party presidential candidate Gbenga Olawepo-Hashim, saying he had examined their ideas and was willing to listen to them.

“I have looked at Gbenga Hashim’s position and I think he’s an expert to an extent. I also looked at Adebayo. I may listen to them,” Ajaero said.

He subsequently contrasted the economic approaches of Adebayo and Olawepo-Hashim with those of Tinubu, Atiku and Obi.

“Peter Obi, Atiku and Asiwaju, they all have the same position and they have shown that they are market people from far right,” he said.

Ajaero’s remarks have drawn attention to the economic debate ahead of the 2027 election, particularly as issues such as inflation, fuel prices, electricity costs, unemployment, wages and declining purchasing power remain major concerns for Nigerians.

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Adebayo, who is contesting the 2027 presidency on the SDP platform, has built his campaign around social democracy, increased domestic production, job creation and a stronger role for government in providing public services and expanding economic opportunities.

The SDP candidate has also made energy reform a major part of his campaign, arguing that high energy costs and inadequate electricity supply continue to constrain households, businesses and industrial production.

His policy blueprint, Farewell to Poverty and Insecurity: Governance & Accelerated Development — Blueprint of a New Nigeria, 2027–2031, proposes mechanisms for monitoring government performance through measurable targets, periodic assessments and implementation milestones.

Adebayo has also advocated greater emphasis on domestic production, with the argument that Nigeria must reduce its dependence on imports and foreign exchange while strengthening local industries and productive capacity.

Olawepo-Hashim, whom Ajaero also mentioned, has similarly made energy and industrialisation central to his economic programme. His proposed Energy First agenda focuses on increasing domestic energy production, expanding refining capacity and reducing energy costs.

Ajaero’s comments do not amount to a formal endorsement of Adebayo or Olawepo-Hashim for the 2027 presidential election. Rather, the NLC president said their economic proposals were sufficiently different from those of the politicians he discussed to warrant further engagement.

The intervention comes as political parties and presidential candidates increasingly position their economic policies at the centre of the 2027 campaign, with competing proposals on fuel pricing, taxation, electricity, wages, industrialisation, employment and social protection.

For the NLC, which represents organised labour and has been at the forefront of debates over wages and the impact of economic reforms on workers, the direction of the next administration’s economic policy is expected to remain a major issue ahead of the election.

With the 2027 political contest gathering momentum, the competing economic visions of the presidential candidates are likely to face increased scrutiny from organised labour, businesses and voters as parties intensify their campaigns.

2027: Ajaero Questions Tinubu, Atiku, Obi’s Economic Approach, Highlights Adebayo’s Ideas

Politics

2027: Soludo Govt Accuses Peter Obi Of Plot To Destroy APGA

Published

19 hours ago

October 5, 2026

Trends Admin

2027: Soludo Govt Accuses Peter Obi Of Plot To Destroy APGA

The Anambra State Government has declared former governor Peter Obi and his Nigeria Democratic Congress (NDC) a threat to the All Progressives Grand Alliance (APGA) ahead of the 2027 presidential election, urging APGA supporters to resist the opposition party.

The state government made the declaration in a message issued through its New Media office on Monday, accusing Obi of working to weaken the party that gave him the platform to become governor of Anambra.

The government described its message as a “betrayal alert” to APGA supporters, alleging that Obi had been seeking to undermine the party since leaving it in 2014.

It urged party members in the state not to be swayed by Obi’s current political influence, arguing that APGA remained the political platform responsible for his emergence as governor.

The government said, “Since 2014, Obi has had one mission: to destroy the party that made him,” while calling on APGA members to defend the party ahead of the 2027 elections.

The development comes amid an increasingly tense political relationship between Obi and the administration of Governor Chukwuma Soludo.

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Obi governed Anambra from 2006 to 2014 on the APGA platform before leaving the party for the Peoples Democratic Party (PDP). He later joined the Labour Party, under which he contested the 2023 presidential election, before becoming the presidential candidate of the NDC ahead of the 2027 election.

The former governor remains an influential political figure in the South-East, particularly in Anambra, where his 2023 presidential campaign recorded strong support.

The Anambra government’s latest position also comes against the backdrop of APGA’s alignment with President Bola Ahmed Tinubu ahead of the 2027 presidential election.

The state government has previously defended its relationship with the President and maintained that supporting Tinubu does not conflict with APGA’s interests.

However, Obi’s emergence as the NDC presidential candidate has created a new political challenge for APGA, particularly because of his longstanding influence among voters in Anambra and the wider South-East.

The NDC has rejected the allegations against Obi, accusing the Soludo administration of attacking the former governor because of concerns about his popularity.

NDC Director of New Media and Strategic Communications, Theo Abu Agada, described the state government’s position as political blackmail and maintained that the party was confident of its prospects in the 2027 election.

The latest exchange has further widened the political divide between the camps of Peter Obi and Chukwuma Soludo, with both sides increasingly positioning themselves ahead of the 2027 presidential contest.

For APGA, the emergence of Obi and the NDC presents a particularly sensitive political challenge because of the former governor’s history with the party and his continued influence in Anambra.

The 2027 election is therefore expected to produce a major political contest in the state, with APGA seeking to retain its influence while Obi’s NDC attempts to convert his personal support base into wider electoral backing.

2027: Soludo Govt Accuses Peter Obi Of Plot To Destroy APGA

Politics

Nine Zamfara Lawmakers Dump APC for ADC Ahead of 2027

Published

23 hours ago

October 5, 2026

Trends Admin

Nine Zamfara Lawmakers Dump APC for ADC Ahead of 2027

Nine members of the Zamfara State House of Assembly have left the All Progressives Congress (APC) and defected to the African Democratic Congress (ADC) ahead of the 2027 general elections.

The lawmakers cited concerns over insecurity, internal party divisions and what they described as inadequate attention to the welfare of residents and their constituents as reasons for their decision.

The lawmakers are Aliyu Ango Kagara, representing Talata Mafara South; Muktar Nasir, representing Kaura Namoda North; Faruk Dosara Musa, representing Maradun I; Basiru Bello, representing Bungudu West; Bashir A. Masama, representing Bukkuyum North; Ibrahim T. Tukur, representing Bakura; Nasiru Abdullahi, representing Maru North; Yusuf Muhammad Anka, representing Anka; and Bashar Aliyu, representing Gummi I.

Speaking on behalf of the lawmakers, Kagara said their concerns about the security situation in Zamfara had contributed to disagreements with the state government.

He said the lawmakers had raised the issue of insecurity on the floor of the Assembly, but that their position led to disagreements with Governor Dauda Lawal and their subsequent suspension.

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Kagara also alleged that joining the APC did not resolve their grievances, claiming that some party leaders failed to give them what they considered a fair hearing.

Earlier, some of the lawmakers announced their resignation from the APC in separate letters dated October 4, 2026.

In the letters, the lawmakers cited issues including insecurity, alleged injustice, internal divisions, uncertainty and concerns about governance.

One of the lawmakers also alleged that members of the Assembly had gone about 32 months without receiving salaries, allowances and other entitlements.

The claims about unpaid entitlements and other grievances are allegations by the affected lawmakers and have not been independently established in the reports.

The APC in Zamfara initially said it had not received official copies of the resignation letters. The party’s publicity secretary, Ibrahim Birnin-Magaji, said the documents had been seen on social media and that the party was awaiting formal communication through the appropriate party structures.

The defection represents a significant political realignment in Zamfara ahead of the 2027 elections, with the movement of the lawmakers potentially affecting the political balance within the state legislature.