Khamis Musa to Support First Lady’s 65th Birthday Project

Tinubu Supporter to Donate Salary for First Lady Supporter Donates Salary to Education Birthday Wish Inspires Supporter’s Donation Khamis Musa, a staunch supporter of President Tinubu from Bauchi State, has pledged his entire September salary to help fund a special project close to her heart. The First Lady, who turns 65 on September 21, 2025, … Read more

Nigerian Students Need Grant Not Loan – ASUU

ASUU Student Loan Grants

The Academic Staff Union of Universities (ASUU) has criticized the federal government’s student loan program, disbursed through the Nigerian Education Loan Fund (NELFUND), arguing that it should be replaced with grants for the children of the poor rather than loans. ASUU President, Professor Emmanuel Osodeke, expressed his concerns on Thursday during an appearance on Channels … Read more

Private Universities Deserve Student Loan Inclusion – Ex VC

Private Universities Student Loan

Former Vice Chancellor of the University of Ibadan, Prof. Abel Olayinka, has urged the Federal Government to review policies barring private universities from accessing the Tertiary Education Trust Fund (TETFund) and extend the student loan scheme to students in private institutions. EDITOR’S PICKS  Japa: Russia Opens Doors to Migrants Amid Workforce Shortage Crisis Erupts at … Read more

World Bank Supports Nigeria with $1.57bn for Health, Climate Resilience Initiatives

FG is forfeiting $10m in World Bank loan for the FG

The World Bank has approved three operations totaling $1.57 billion to assist the Federal Government in enhancing human capital through improved health for women, children, and adolescents, while also building resilience against climate change impacts, such as floods and droughts, by improving dam safety and irrigation systems. The new funding includes $500 million to address … Read more

Nigerian Govt Plans To Cut TETFund By 30% For Student Loans

TETFund Student Loans

The Federal Executive Council (FEC) has proposed an amendment to the Tertiary Education Trust Fund (TETFund) Act, aimed at allocating 30% of its funds to the Nigerian Education Loan Fund under the Student Loan Scheme. This change is intended to provide a sustainable financial source for student loans, ensuring that Nigerian students have greater access … Read more

Five South-East Institutions Receive N467m from Federal Student Loan Scheme

As of September 6, 2024, at least five tertiary institutions in the South-East have received funds from the Federal Government’s student loan scheme, according to data from the Nigeria Education Loan Fund (NELFUND). This development addresses previous concerns that NELFUND was neglecting South-East institutions in its disbursement process. NELFUND clarified that it was not deliberately … Read more

South-East Govs, Lawmakers Act To Include Region In Student Loan Scheme

Private Universities Student Loan

Governors from the South-East and lawmakers representing the region in the National Assembly have intervened to ensure that students from the area benefit from the Federal Government’s student loan scheme. Deputy Speaker of the House of Representatives, Benjamin Kalu, made this announcement in a statement on Monday. He assured South-East students that the issues causing … Read more

NELFUND Explains Why South-East Students Missed Out On Federal Loan

Private Universities Student Loan

The Nigerian Education Loan Fund (NELFUND) has clarified why students from South-East institutions have not yet benefited from the federal government’s student loan program. On Friday, NELFUND reported the disbursement of ₦2.95 billion to 27,667 students across 19 universities nationwide. However, none of the federal institutions in the South-East were included on the list of … Read more

Nigerian Education Loan Fund Confirms Receiving ₦50bn From EFCC

The Nigerian Education Loan Fund (NELFUND) has received an additional N50 billion from the Economic and Financial Crimes Commission (EFCC). This follows the Federal Government’s earlier injection of N60 billion into the fund EKO HOT BLOG reports. Mrs. Oseyemi Oluwatuyi, NELFUND’s Director of Corporate Communications, announced this development on Friday in Abuja. The release of … Read more

New Student Loan Scheme Excludes Nigerian Students Abroad – NELFUND

Students Abroad

NELFUND has confirmed that Nigerian students studying abroad are ineligible for the new student loan scheme. The Access to Higher Education Act, 2023, signed by Tinubu, provides interest-free loans to indigent students at Nigerian tertiary institutions. This initiative fulfills Tinubu’s campaign promise to improve education funding, making education more accessible. EKO HOT BLOG reports that the … Read more

Varsity Lecturers, Parents Join Students In Protest Against Fee Hikes, Make Fresh Demands

Fees hike

EKO HOT BLOG reports that in the midst of escalating economic challenges, a groundswell of dissent has swept across the nation, uniting parents, lecturers, and students in protest against the soaring tuition fees adopted by a majority of universities in the country. This unsettling development has raised concerns about a potential wave of student dropouts … Read more

Academic Alliances Alarm: ASUU, ASUP Tune Into Worries Over Student Loan Implementation

ASUU to Tinubu

Tinubu has signed the Student Loan Bill into law, fulfilling a campaign promise to liberalize education funding. The move allows indigent students to access interest-free loans, but raises concerns from ASUU and ASUP regarding potential discrimination and repayment challenges. The government will need to address these issues to ensure the effective implementation of the student … Read more