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NELFund disburses over N1.1bn loans to 20,000 students
NELFund disburses over N1.1bn loans to 20,000 students
The Nigerian Education Loan Fund (NELFUND) says it has disbursed a total of N1.17 billion to 20,000 students in five of the public tertiary institutions that applied for the loan.
The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this at a news conference in Abuja on Wednesday.
Sawyerr, who said that, one more institution would be added to the beneficiaries before the end of the day, noted that NELFUND would keep increasing the number based on applications.
According to him, the fund is working on reviewing another 100 institutions whose application had been received
“I am delighted to share that, following President Bola Tinubu’s directive, NELFUND has been able to disburse students’ institutional fees amounting to N1,172,388,340.00 for 20,000 students (100 per cent paid) in the institutions across the country.
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“These institutions were carefully selected based on their academic calendar.
“Disbursement to other institutions will be made at the beginning of their sessions, to ensure a transparent and equitable distribution of resources,’’ he said.
Sawyerr said an additional disbursement of N850 million would leave NELFUND to various institutions due to receive the loans.
He also disclosed that a total of 260,000 students had been approved for payment of upkeep loans and their institutions’ charges
He said that the upkeep loan and institution charges for each student is N250,000 per annum. However, a student could apply less than the approved amount.
According to him, not every student that takes the institution loan wanted the upkeep loan, which would be paid in tranches base on students’ need.
When asked if the loans could be given to Post Graduate students, Sawyerr said the mandate of the fund focuses on undergraduate students with the least opportunities,
“Our focus is on the undergraduate students. It is a fund that enables those who have the least opportunities to get education.
“While we acknowledge that there are students who will want to pursue their postgraduate studies, for now, our target is undergraduate students,’’ he said.
NELFund disburses over N1.1bn loans to 20,000 students
(NAN)
News
Tinubu Nominates Ismail Abba Yusuf as NAHCON Chairman, Seeks Senate Confirmation
Tinubu Nominates Ismail Abba Yusuf as NAHCON Chairman, Seeks Senate Confirmation
President Bola Ahmed Tinubu has nominated Ambassador Ismail Abba Yusuf as the new Chairman and Chief Executive Officer of the National Hajj Commission of Nigeria (NAHCON), subject to confirmation by the Senate.
The nomination was formally conveyed in a letter addressed to Senate President Godswill Akpabio on Wednesday, in line with Section 3(2) of the NAHCON Act, 2006, which mandates Senate approval before the appointment can take effect. The President urged lawmakers to expedite the confirmation process to ensure stability and continuity at the commission, especially as preparations for the 2026 Hajj exercise gather momentum.
The development follows the resignation of Professor Abdullahi Usman, who stepped down earlier this week after about 14 months in office as NAHCON Chairman. Although official details surrounding his resignation were not fully disclosed, his tenure was marked by efforts to reposition the commission and enhance coordination of Hajj operations for Nigerian pilgrims.
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His exit comes at a sensitive period when logistical planning, airlift arrangements, accommodation coordination, and pilgrim welfare services for the upcoming Hajj are intensifying. Stakeholders in the Hajj industry have emphasized the importance of swift leadership confirmation to avoid disruptions in preparations.
Ambassador Ismail Abba Yusuf is a seasoned Nigerian career diplomat who served as Nigeria’s Ambassador Extraordinary and Plenipotentiary to Türkiye from 2021 to 2024. During his diplomatic assignment, he played key roles in strengthening bilateral relations and advancing Nigeria’s foreign policy objectives.
If confirmed by the Senate, Yusuf will assume responsibility for overseeing Nigeria’s Hajj and Umrah operations, including the welfare and coordination of thousands of Nigerian pilgrims traveling annually to Saudi Arabia. The National Hajj Commission of Nigeria (NAHCON) is the statutory body responsible for organizing, supervising, and regulating Hajj and Umrah activities for Nigerian Muslims, as well as ensuring their welfare in Saudi Arabia.
The Senate is expected to schedule a confirmation hearing where Ambassador Yusuf will be screened by lawmakers. Upon approval, he will formally assume office as NAHCON Chairman, taking charge of preparations for the 2026 Hajj season.
The nomination is seen as part of broader efforts by the Tinubu administration to strengthen key institutions and ensure effective service delivery in religious affairs management.
Tinubu Nominates Ismail Abba Yusuf as NAHCON Chairman, Seeks Senate Confirmation
News
Lagos Allocates 180 Shops to Displaced Alabarago Market Traders
Lagos Allocates 180 Shops to Displaced Alabarago Market Traders
The Lagos State Government on Wednesday officially presented allocation letters to 180 traders affected by the redevelopment of Alabarago Market in Ojo Local Government Area, marking a significant step in the state’s efforts to modernize markets and support small businesses. The ceremony took place at the Lagos State Building Control Agency (LABSCA) office in Ikeja GRA, with Dr. Olajide Babatunde, Special Adviser to the Governor on e-GIS and Urban Renewal, handing over the letters.
Dr. Babatunde explained that former shop occupiers were given first right of refusal and flexible payment options. Beneficiaries can pay 60 percent upfront, with the remaining balance payable over six months, or opt for a 25 percent initial payment if unable to meet the larger installment. He noted that the state collaborated with financial institutions to redevelop the market under Governor Babajide Sanwo-Olu’s THEMES Plus Agenda, which includes the transformation of 21 markets across Lagos, including Katangwa, Pelewura, Jankara, and Alabarago.
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The redevelopment has converted Alabarago, the largest cattle market in West Africa, into the modern Alaba Transnational Market, featuring 3,000 shops and 1.2 kilometers of newly constructed roads linking the market to main access routes. Ground-floor shops are priced at ₦13 million each, while upper-floor units cost ₦10 million, both subsidized by the government to ease affordability for traders.
Dr. Babatunde commended the collaborative efforts of agencies and partners supporting the project, including LABSCA, the Urban Renewal Agency, United Bank for Africa (UBA), the Debt Management Office, Ministry of Finance, and the Accountant-General’s office.
Speaking on behalf of beneficiaries, Hussain Lajawa, Chairman of Central Alabarago Market, praised the government for delivering on its promise to develop a market to international standards. He urged the authorities to expedite road construction and access infrastructure to ensure smooth business operations for traders relocating to the new market.
The allocation of shops to displaced traders underscores Lagos State’s commitment to economic empowerment, modern market infrastructure, and business continuity, while cushioning the impact of displacement caused by urban redevelopment projects. The move is expected to revitalize local commerce, particularly in the Ojo area, and strengthen Lagos State’s small and medium-scale enterprise (SME) sector.
Lagos Allocates 180 Shops to Displaced Alabarago Market Traders
News
US Lawmakers Introduce Bill to Sanction Kwankwaso, Miyetti Allah
US Lawmakers Introduce Bill to Sanction Kwankwaso, Miyetti Allah
Five United States lawmakers have introduced a bill in the US Congress seeking to impose visa restrictions and asset freezes on former Kano State governor Rabiu Musa Kwankwaso, the Miyetti Allah Cattle Breeders Association of Nigeria (MACBAN), Miyetti Allah Kautal Hore, and other actors over alleged persecution of Christians and severe violations of religious freedom in Nigeria.
The proposed legislation, titled the Nigeria Religious Freedom and Accountability Act of 2026, was sponsored by Representatives Chris Smith, Riley Moore, Brian Mast, Mario Díaz-Balart, and Bill Huizenga. It directs the US Secretary of State to submit periodic reports to Congress assessing Nigeria’s compliance with international religious freedom obligations and the measures taken to protect vulnerable communities, particularly in the Middle Belt states.
Under the bill, the US government could impose targeted sanctions, including Global Magnitsky Human Rights sanctions, asset freezes, and visa bans on individuals or entities responsible for religious persecution. It also allows the Secretary of State to determine whether certain Fulani-ethnic militias qualify as Foreign Terrorist Organisations (FTOs), reflecting growing concern over violence affecting Christian populations.
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Lawmakers cited estimates that between 2009 and 2025, between 50,000 and 125,000 Christians were killed in Nigeria, with more than 19,000 churches destroyed. They highlighted recent incidents, including attacks in Yelwata, the Christmas Eve massacres of 2023 and 2024, and Holy Week and Easter attacks of 2024 and 2025, which collectively left thousands dead and displaced over half a million people. According to Open Doors’ 2026 World Watch List, Nigeria accounted for 72 percent of Christians killed worldwide.
The bill also calls for the provision of humanitarian assistance, co-funded by the Nigerian government, through trusted civil society and faith-based organisations. It encourages collaboration with international partners, including France, Hungary, and the United Kingdom, to strengthen religious freedom, peace, and accountability.
Sponsors stressed that the future of US–Nigeria relations would depend on the Nigerian government’s response to these alleged atrocities, asserting that Nigeria could strengthen ties with Washington and play a stabilising role in the Sahel region if it takes concrete steps to protect vulnerable communities and combat religious violence.
The legislation follows prior US actions, including the redesignation of Nigeria as a “Country of Particular Concern” (CPC) under President Donald Trump, aimed at addressing ongoing religious freedom violations and promoting accountability for perpetrators of sectarian violence.
US Lawmakers Introduce Bill to Sanction Kwankwaso, Miyetti Allah
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