The Federal University Lokoja (FUL) has confirmed the disbursement of ₦188,002,500 in education loans to 1,631 students under the Nigerian Education Loan Fund (NELFUND) scheme. This announcement comes amid concerns over delays in loan disbursements to some students. According to the university’s Public Relations Officer, Daniel Ikechukwu Nwankwo, the disbursement process was conducted transparently. A
ActionAid Nigeria has raised serious concerns about the exploitation of the Nigerian Education Loan Fund (NELFUND), which has led to financial sabotage in over 50 Nigerian tertiary institutions. The international development organisation condemned the practice of inflating fees, withholding refunds, and abusing the student loan program, accusing the institutions of undermining students’ trust and betraying
The National Orientation Agency (NOA) has intensified efforts to address alleged irregularities in the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND). Investigations have uncovered instances where some universities and banks reportedly withheld or delayed approved loan disbursements, raising concerns about transparency and accountability in the scheme. The student loan initiative, re-enacted
When Architect Sonny Echono became the head of TETFund (Tertiary Education Trust Fund) in March 2022, his primary goal was to reform and improve public universities, polytechnics, and colleges of education in Nigeria. In less than three years, he has implemented significant changes that are benefiting students, lecturers, and schools nationwide. From the start, Echono
For many years, industrial strikes have plagued Nigeria’s public universities and polytechnics, disrupting academic calendars and causing students to remain in school longer than necessary. These strikes, often caused by poor funding, bad working conditions, and policy disagreements, have cost the education system dearly. Nevertheless, while many look only to the government for solutions, a
At the time, Arch. Sunday Echono was appointed Executive Secretary of the Tertiary Education Trust Fund (TETFund) on March 18, 2022. He met a vital agency tasked with reviving Nigeria’s public tertiary education. With over three decades of experience in public service, Echono brought to the job not only administrative expertise but also a deep-seated
