BREAKING: NELFUND opens loan portal for students from state-owned tertiary institutions – Newstrends
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BREAKING: NELFUND opens loan portal for students from state-owned tertiary institutions

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NELFUND opens loan portal for students from state-owned tertiary institutions

The Nigerian Education Loan Fund (NELFUND) has opened the loan portal for students from 36 state-owned tertiary institutions to apply for the loan.

In a tweet on X on Sunday, July 7, NELFUND stated that the management of the institutions had successfully submitted their student data to the NELFUND Student Verification System (SVS).

The institution included: Adamawa State University, Mubi; Ramat Polytechnic, Maiduguri; Borno State University; Mohammet Lawan college of Agriculture, Borno State; Edo State University, Uzairue; Ekiti State University, Ado-Ekiti; Gombe State University; Kingsley Ozumba Mbadiwe University, Imo State; Imo State University of Agriculture and Environmental Sciences Umuagwo; Nuhu Bamalli Polytechnic, Zaria; Yusuf Maitama Sule University, Kano; Umaru Musa Yar’adua University, Katsina; Katsina State Institute of Technology and Management; Kebbi State University of Science and Technology, Aliero; Confluence University of Science and Technology, Kogi state and Lagos state university of education.

Others are: Lagos State University; Nasarawa State University, Keffi; Tai Solarin University of Education, Ogun state; University of Medical Sciences, Ondo; Osun State University; UNIVERSITY OF ILESA, OSUN STATE; GTC, ARA Osun State; GTC, GBONGAN Osun State; GTC, IJEBU-JESA Osun State; GTC, ILE-IFE Osun State; GTC, INISA Osun State; GTC, IWO Osun State; GTC,OSU Osun State; GTC, OTAN AYEGBAJU Osun State; OSUN STATE COLLEGE OF EDUCATION, ILA-ORANGUN; GOVERNMENT TECHNICAL COLLEGE ILE-IFE; OSUN STATE COLLEGE OF TECHNOLOGY; Taraba State University, Jalingo; Umar Suleiman College of Education, Gashua, Yobe State and Zamfara State University, Talata Mafara.

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The statement said: “The Nigerian Education Loan Fund (NELFUND) is pleased to announce that students enrolled in the following 36 state-owned tertiary institutions can now apply for student loans effective today, 7th July 2024

“The management of these institutions have successfully submitted their student data to the NELFUND Student Verification System (SVS).

“We urge all other state-owned tertiary institutions to submit their complete student data to the NELFUND Student Verification System timely to enable their students to benefit from the scheme.”

The management of NELFUND had on June 25, 2024, shifted the application process for student loan from state-owned tertiary institutions to July 10 due to low data submissions.

The process was supposed to be opened to the students from June 25, 2024.

In a statement by Head, Media and Public Relations, Nigerian Education Loan Fund (NELFUND), Nasir Ayitogo the organisation had said the decision to shift the date was necessitated by the failure of several state-owned institutions to upload the required student data and fees information to the NELFUND Student Verification System (SVS).

No fewer than 1.2 million students are expected to benefit from the cardinal programme of the President Bola Tinubu administration.

The ambitious cardinal programme will be funded with one per cent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS).

The president approved N35 billion for the take – off of the scheme.

President Tinubu on April 3 signed into law the bill on the scheme in line with his electoral promise that no Nigerian student would drop out of school on account of lack of funds.

According to the law, repayment will commence two years after the completion of the National Youth Service Corps (NYSC) programme.

BREAKING: NELFUND opens loan portal for students from state-owned tertiary institutions

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Increase in first-class degrees from private varsities worries ASUU

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ASUU National President, Prof. Emmanuel Osodeke

Increase in first-class degrees from private varsities worries ASUU

The Academic Staff Union of Universities (ASUU) has expressed concern over the increasing number of first-class graduates being produced by private universities in Nigeria.

Speaking at an event in honor of Prof. Andy Egwunyenga, the outgoing Vice Chancellor of Delta State University (DELSU), ASUU National President, Prof. Emmanuel Osodeke, warned that such trends, if replicated by public universities without proper regulation, could undermine the integrity of academic achievements.

The ceremony, held at DELSU’s Abraka campus, saw Osodeke reflecting on the broader state of education in Nigeria. He lamented that students graduating from primary and secondary schools with high grades often lack adequate knowledge and skills.

The ASUU president also raised alarm over the ongoing “mass exodus” of skilled Nigerian professionals to countries offering better work conditions, linking the trend to systemic failures in education and other sectors. He cited incidents such as building collapses as evidence of institutional shortcomings.

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“There was a time when academics enjoyed a decent quality of life,” Osodeke said. “Now, the situation has changed, and unions must renew efforts to advocate for fair conditions. ASUU will continue to champion justice and equity in academia.”

Another ASUU member, Prof. Omotoye Olorode, presented a paper titled “New University Curricula (CCMAS): Context and Matters Arising,” criticizing the CCMAS as a tool of foreign influence designed to disrupt Nigeria’s academic frameworks. He argued it perpetuates a system where Africans are relegated to supporting the agricultural needs of developed nations.

“Nigeria has never allocated more than seven percent of its budget to education, far below UNESCO’s recommendation of 26 percent,” Olorode noted. “This reflects the stagnation in our education sector.”

The event also celebrated Egwunyenga’s achievements as vice chancellor. DELSU ASUU Chairman, Dr. Paul Opone, commended Egwunyenga for his leadership, stating, “Since 2019, the institution has struggled with poor leadership. Prof. Egwunyenga met and exceeded the expectations of ASUU and the university community, earning widespread respect.”

In his response, Egwunyenga expressed gratitude for the accolades, crediting his leadership style to the themes in Festus Iyayi’s book, Demons and Monsters. He highlighted the support he received from all parts of Delta State during his tenure.

“This is the first time ASUU has celebrated a DELSU lecturer in this manner,” Opone added. “Prof. Egwunyenga truly deserves the recognition.”

 

Increase in first-class degrees from private varsities worries ASUU

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TETFund stops fresh foreign scholarships for varsity lecturers, others

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TETFund stops fresh foreign scholarships for varsity lecturers, others

The Tertiary Education Trust Fund (TETFund) has suspended its foreign scholarship component under the TETFund Scholarship for Academic Staff (TSAS) Intervention.

The decision, attributed to rising overseas training costs and increasing cases of abscondment, will take effect from January 1, 2025.

This was disclosed in a letter signed by TETFund’s Executive Secretary, Arc. Sonny Echono addressed the heads of beneficiary institutions, including vice-chancellors, rectors, and provosts.

The letter, dated November 25, 2024, stated:

“In response to the current excessive cost of training in foreign institutions, coupled with the high rate of abscondment of scholars, the Board of Trustees of the Fund has approved the suspension of the foreign component of the TETFund Scholarship for Academic Staff (TSAS) Intervention.”

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Institutions have been advised to prioritize local training needs, ensuring the programme is implemented within Nigerian institutions.

Echono emphasized that this shift is intended to reduce pressure on foreign exchange reserves, enhance investment in local academic capacity, and expand the number of beneficiaries.

He further clarified that scholars currently enrolled in foreign institutions under the programme will continue to receive sponsorship until they complete their studies.

This move reflects TETFund’s strategic focus on optimizing resources and strengthening local education systems to achieve a broader impact.

TETFund stops fresh foreign scholarships for varsity lecturers, others

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Poly lecturers to embark on nationwide strike from Dec 2

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Poly lecturers to embark on nationwide strike from Dec 2

The Chairman of the Academic Staff Union of Polytechnics (ASUP), Kaduna Polytechnic Chapter, Comrade Abubakar J. Abdullah, said the union will shut down all polytechnics nationwide by December 2 due to the Federal Government’s failure to meet its demands.

He explained that the union leadership issued a 15-day ultimatum to the Federal Government on October 6, 2024, outlining pressing demands aimed at resolving the systemic challenges that hinder the progress of polytechnics. However, he said the government failed to address the issues.

Speaking at a news briefing on Tuesday, Nov. 26, in Kaduna, the chairman listed some of the demands, including swift release of the second tranche of the NEEDS Assessment Intervention fund, immediate implementation of the approved 25/35% salary review across all public polytechnics, and the payment of accrued arrears.

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Other demands are the release and final resolution of the decades-long arrears of CONTISS-15 migration for lower cadres, the release of outstanding promotion arrears, addressing inadequate funding, and resolving the issue of unpaid allowances.

 

“Regrettably, as we passed the deadline of this ultimatum, we are yet to see the necessary actions from the Federal Government to address these pressing demands. The silence and inaction have left us with no option but to consider the possibility of a total shutdown of our institutions, scheduled for December 2nd, 2024, should our concerns remain unaddressed,” he said.

 

Comrade Abdullahi said the survival and quality of the educational system hinged upon the government’s responsiveness.

He stated that the union believe that a strong education sector is vital for the future of the nation and cannot afford to compromise on these issues any longer.

 

He urged the Federal Government to engage in meaningful dialogue with the union and take decisive steps towards resolving these challenges.

 

Poly lecturers to embark on nationwide strike from Dec 2

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