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BREAKING: Tinubu launches student loan scheme
BREAKING: Tinubu launches student loan scheme
President Bola Tinubu has launched the Nigeria Education Loan Fund (NELFUND), emphasising the importance of education as a vital tool in combating poverty and achieving national development.
Speaking at the official launch of the NELFUND and ceremonial disbursement of funds at the State House in Abuja on Wednesday, July 17, President Tinubu stressed that education is the greatest weapon against poverty, providing vision, development, and hope.
He noted that without education, conquering insecurity and achieving success is impossible, emphasizing that education provides the light at the end of the tunnel, no matter how slow the progress may seem.
Addressing the Board, members, and the management of the Fund present at the launch ceremony, President Tinubu reaffirmed the commitment of his administration to the Renewed Hope Agenda saying democracy is all about inclusiveness.
President Tinubu added that the target of his administration is to build a fair society that is built on successful inclusiveness.
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“What I believe is that education is the greatest weapon against poverty in any society, without education there is no vision, there is development, and you cannot successfully conquer insecurity.
“Education is that light at the end of the tunnel no matter how sluggish you move, it will give you the light and the hope”.
The President further noted that Nigeria will continue to invest in education to empower the citizens and deploy it as a tool against terrorism, banditry and insecurity.
“We are investing, we don’t want to try ignorance as an alternative, we want education from foundations to the topmost level and I am glad that leadership and its leadership accepted the responsibility.
“There is available here the hope and the genuine commitment, inclusiveness is what democracy is all about.
“Today I am fulfilling one of my greatest campaign agenda, you cannot find your way if you are not well educated, you cannot even fight terrorism and banditry.
“If we have successful inclusive and loan that is necessary for our people to get educated and invest in their own lives we would have built a fair society and a promise that we will earn a banner without stain to our children.
The President also symbolically presented loan cheques to students from each geo-political zone, indicating the beginning of the disbursement of the fund to qualified Nigerian students.
President Tinubu also presented cheques to Vice Chancellors of Bayero University, Kano (BUK), Federal University of Technology, Owerri (FUTO), amongst other institutions present.
Disclosing the NELFUND portal’s key metrics from 25th May till date, the Executive Secretary of the NELFUND, Akintunde Sawyerr, said a total number of 164,000 students registered for the loan with a total number of 103,000 of them applied.
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Sawyerr revealed that a total sum of N32 billion is currently available for disbursement to kick-start the program.
He said NELFUND aims to empower Nigerian youth by providing fair transparent funding and removing financial barriers to educational opportunities and academic pursuits.
Reeling out NELFUND’s progress since the launch, Sawyerr said the Fund got key amendments of the loan act on 3rd April 2024, secured dashboard metrics on May 25th May till date as well as the Prssidial disbursement of funds on 17th July 2024.
Sawyer explained that students apply for two types of loan, one is educational fees which are sent directly to institutions and the other is the student application for upkeep loan, which is the loan that covers a monthly stipend
“Institutions collected cheques for multiple applications also students cannot get stipend unless the fees are been picked by NELFUND”
Recall that the Student Loans (Access to Higher Education) Action, signed into law on 3rd April 2024, is a transformative initiative empowering countless Nigerian students to pursue their educational aspirations.
Present at the launch were the President of the Senate, Godswill Akpabio, Speaker of the House of Representatives, Tajudeen Abbas, Chairman NELFUND Board, Jim Ovia, Minister of Finance, Wale Edun, Minister of Budget& Economic Planning, Abubakar Bagudu, Minister of Education, Mamman Tahiru, Minister of Youths, Jamila Bio Ibrahim, FIRS Chairman, Zach Adedeji, CBN Governor, Olayemi Cardoso.
Others are, Jamb Registrar, Prof Isiaq Oloyede; Acting Executive Secretary of National Universities Commission (NUC), Chris Mayaiki, amongst many others.
BREAKING: Tinubu launches student loan scheme
The Nation
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[UPDATED] [Breaking] APC’s Lucky Aiyedatiwa wins Ondo governorship election
[UPDATED] [Breaking] APC’s Lucky Aiyedatiwa wins Ondo governorship election
Lucky Aiyedatiwa, the All Progressive Congress (APC) candidate, has emerged victorious in the Ondo governorship election.
Olayemi Akinwumi, the Independent National Electoral Commission (INEC) returning officer, disclosed the results in Akure, Ondo’s capital, on Sunday.
Aiyedatiwa, the incumbent governor, secured 366,781 votes, surpassing Agboola Ajayi of the Peoples Democratic Party (PDP), who garnered 117,845 votes.
Nejo Adeyemi, the African Democratic Congress (ADC) candidate, trailed behind with 4,138 votes.
The APC dominated the election, winning all 18 local government areas, while the PDP failed to secure any victories.
The off-cycle election in Ondo, contested by 17 candidates, took place peacefully, with minimal violence reported.
Prior to the election, Aiyedatiwa expressed confidence in his victory, citing his impressive record in office.
Aiyedatiwa emphasized that he was the sole candidate to have visited all 18 local government areas, adding that he’s willing to concede defeat if the election is free from manipulation.
Ajayi, Aiyedatiwa’s closest rival, expressed concerns regarding INEC’s capability to ensure a fair electoral process.
The PDP candidate also criticized the commission’s sluggish pace, alleging that it constitutes a “deliberate attempt to rig the polls”.
ONDO STATE GUBERNATORIAL ELECTION RESULTS (UPDATED)
1– Akure North
APC 14, 451
PDP 5, 787
2–Okitipupa
- APC 26, 811
- PDP 10, 233
3—Akoko Northeast
APC 25, 657
News
Ondo election: Again, INEC shifts collation of results to noon
Ondo election: Again, INEC shifts collation of results to noon
The Independent National Electoral Commission, INEC, has shifted the collation of results for the Ondo State governorship election from 5am to noon.
The Returning Officer, Prof Olayemi Akinwunmi, had earlier announced that collation of the remaining five council areas will resume by 5 a.m. (Sunday), but later said it commences by noon.
Prof Akinwunmi is the Vice Chancellor of the Federal University of Lokoja.
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Akinwunmi, who announced the recess, said it is to give room for the arrival of results from the remaining council areas.
He said: “We have five more local governments but we are going to take our recess now until 5am to receive some receive from Akure North, Okitipupa and Odigbo, then Ilaje and Eseodo. We resume 5am for these local governments.”
According to results from 13 of the 18 local government areas announced so far by INEC, Aiyedatiwa has polled 259,851 votes ahead of his closest rival and candidate of the Peoples Democratic Party, PDP, Agboola Ajayi, who scored 81,031 votes.
Ondo election: Again, INEC shifts collation of results to noon
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Ondo gov: PDP, APC bought votes, says rights group
Ondo gov: PDP, APC bought votes, says rights group
The Centre for Democracy and Development West Africa (CDD-West Africa), through its Election Analysis Centre (CDD-EAC), has said that the main opposition Peoples Democratic Party (PDP) and ruling All Progressives Congress (APC) bought votes from the electorate for as low as N3,000 and N5,000 respectively during the Saturday’s off-cycle governorship election in Ondo State.
Prof. Victor Adetula, Lead, CDD-EAC Observation Mission Ondo 2024; and Dr. Dauda Garuba, Director, CDD-West Africa, said this in CDD’s EAC preliminary statement on the conduct of the 2024 Ondo State governorship election, presented by Ms Oluseyi Awojulugbe, a member of the CDD-EAC.
The report also said that the election recorded lower incidents of disinformation and information manipulation, also referred to as fake new compared to the recently concluded off-cycle September 21 governorship election in Edo State.
“CDD-EAC notes a lot of instances of vote buying. In Okitipupa LGA, Ward 09, Unit 003 (Irowa, Ilutitun 3), voters were solicited for their votes, with APC allegedly offering ₦10,000 per voter and PDP ₦3,000.
“In Odigbo LGA, Ward 01, Unit 001 (Oja Baale, Agbabu), reports of vote-buying were noted, with APC allegedly offering ₦10,000 and PDP ₦5,000 per voter.
“Our observers also noted that some party agents started transferring money to voters to circumvent having to hold cash. In Ese-Odo, Ward 07, Unit 013 (Tari Ama Zion Ugo Community, Arogbo Ward 2), Vote-buying was observed at this polling unit, with PDP offering ₦3,000 and APC offering ₦5,000 to voters.
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“CDD observers watching the process in Ward 5, PU 001, located at St Johns Primary School, Iba Akoko South East spotted APC leaders writing down the names of those who voted for their candidate.
“Subsequently, a card was given to them and they were instructed to converge at an agreed location where cash would be disbursed to them.
“In Ward 005, PU 001, St Barnabas Primary School, Ifon, CDD-EAC observers saw policemen arguing over money shared by a party stalwart.
“The policemen reportedly frowned that about 10 of them were given N100,000 while only one official from another branch of the armed services allegedly got N15,000,” the report said.
The CDD-EAC said that the vote buying incidents and behaviour of party agents sparked multiple conflicts during the voting process, listing Idanre LGA, Ward 06, PU 004 (Methodist High School), where APC agents were accused of strategically monitoring voters’ choices, a move initially defended by security officials but later curtailed after protests.
The report, however, commended the prompt arrival of electoral officials at polling units (PUs), with 99% of CDD-EAC observers reporting that the INEC officials were at their stations before 8:30am.
Observers also reported cases of rowdiness in the polling environment with some youths disagreeing in some cases about the initiative by poll officials to allow elderly voters to cast their ballots first, leading to the disruption of the process, despite the intervention of the Divisional Police Officer (DPO) at Post Office Premises, Akungba Akoko, Akoko South West.
On disinformation and information manipulation, the report said that the numbers of false narratives, claims and counter claims in the Ondo State governorship election have been relatively low, compared to other recent polls.
It said, “In the campaign period, and on Election Day, 13 claims have so far been reported and fact checked by CDD War Room.
“This is low, compared to the 61 claims reported during the same period in the Edo election, representing a 79% increase between the two elections. While 12 of these claims have been assessed to be either false or misleading, the sole claim peddled on voting day was adjudged to be true.”
Ondo gov: PDP, APC bought votes, says rights group
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