The Federal Government has declared that over half a million Nigerian students are now benefitting from the National Education Loan Fund (NELFUND), describing it as an “unprecedented success” in the country’s history. The Minister of Information and National Orientation, Mohammed Idris, made this known in Abuja on Monday as part of activities marking Nigeria’s 65th Independence Anniversary.
Idris explained that the scheme, which pays tuition and upkeep fees for students in universities, polytechnics, and colleges of education, was designed to remove financial barriers to higher education. He noted that the initiative reflects President Bola Tinubu’s promise under the Renewed Hope Agenda to prioritize education as a key driver of national development.
According to him, NELFUND has become a lifeline for many families struggling with rising school costs. He tied its funding to government’s reforms, especially revenue gains from fuel subsidy removal, which have been redirected into education, health, and infrastructure. “This administration is working for you, listening to you, and committed to ensuring that no Nigerian is left behind,” the Minister said, urging young Nigerians to take advantage of the opportunity.
However, not everyone is celebrating. The House of Representatives has reopened investigations into NELFUND following fresh allegations of irregularities in the disbursement of loans. The Chairman of the Joint Committee on Student Loans, Prof. Paul Sunday Nnamchi, said the probe would critically examine suspected breaches in the scheme’s operations to ensure fairness and accountability.
While the government insists the initiative is proof of Tinubu’s inclusive governance, critics argue that transparency in implementation remains crucial if NELFUND is to truly deliver hope to millions of Nigerian students.
