Obasa: Nigerians Have Witnessed Transformation Under Tinubu Says Tinubu’s administration had tackled the challenges of economic stagnation and instability Obasa praised the launch of the NELFUND Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has commended the administration of President Bola Ahmed Tinubu, saying Nigerians have witnessed inspiring transformation within the last two years. … Read more
President Bola Tinubu’s legislative achievements in 2024 marked a series of significant strides aimed at addressing critical socio-economic gaps in Nigeria. EDITOR’S PICKS NNPC Unveils Command Centre for Real-Time Monitoring of Hydrocarbon Operations ATCON Urges FG to Tackle Infrastructural Barriers Hindering Broadband Expansion BREAKING: Sokoto Villages Hit by Airstrike Targeting Terrorists, Several Feared Dead EKO … Read more
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
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
The Nigerian Education Loan Fund (NELFUND) has approved loan applications for 3,283 students at the University of Ibadan, as confirmed by the university management in a circular issued on September 18, 2024. While the loans have been approved, the disbursement of funds is still pending. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s Autonomy … Read more
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
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
NELFUND authorizes student loan disbursements under Jim Ovia’s leadership; inaugural board meeting sets educational support agenda. Eko Hot Blog reports that the Nigerian Education Loan Fund (NELFUND) has announced the approval for the distribution of student loans to successful applicants. According to an online media platform, NELFUND recently convened its inaugural board meeting, marking a … Read more
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
Eko Hot Blog reports that in a bid to ensure the proper utilization of student loans and to prevent diversion, the Executive Secretary of the Nigerian Education Loan Fund, Akin Sawyerr, has announced that student loans will now be disbursed directly to the institutions of the applicants. EDITOR’S PICKS Full List Of AFCON Awards As … Read more
By Badru Haneefah Moturayo The concept of student loans is not alien to the American tertiary education system. An average American undergraduate or postgraduate student either owes a student loan or knows someone who does. A student loan is a financial assistance rendered to a student in post-secondary education to cover tuition and related … Read more
The White House is extending the pause on student loan payments until as late as June 30, 2023, President Joe Biden said Tuesday, as his plan for wider student loan debt forgiveness remains tied up in the courts. Eko Hot Blog reports that the pause had been scheduled to end on Dec. 31, but that date was … Read more
A federal judge has ruled against President Biden’s student loan forgiveness program on Thursday, declaring it unlawful. Eko Hot Blog reports that District Judge Mark Pittman, a Trump appointee, ruled that the program, which would have provided borrowers with up to $20,000 in student loan relief, was “an unconstitutional exercise of Congress’s legislative power.” EDITOR’S … Read more
President Biden on Thursday said that 16 million Americans who applied for the student loan debt program will be approved by the end of the week, the last step before they begin receiving forgiveness checks. Eko Hot Blog reports Biden said in remarks at the Central New Mexico Community College in Albuquerque, N.M, “By the … Read more