A new investigation has shown long delays in school projects funded by the Tertiary Education Trust Fund (TETFund) in Nigerian institutions. At the Federal College of Education (Special), Oyo, some projects approved as early as 2014 were not finished until 2025—more than 10 years later. Nigeria Education News reported that several buildings under the 2014,
The Nigerian Education Loan Fund (NELFUND) has rejected students’ requests for monthly upkeep. The affected students reported that their dashboard marked “Rejected” despite months of successful payments. Akeel Sanni, representing the Umaru Musa Yar’adua University, Kaduna, students posted on X, “Dear @NELFUND…We have been beneficiaries of NELFund for nearly eight months. We were surprised to
The Nigerian Education Loan Fund (NELFUND) has provided interest-free loans to over 396,000 students since its inception in May 2024. This was revealed by NELFUND boss, Akintunde Sawyerr, during a media chat on July 17, 2025. Sawyerr said over 645,000 students across Nigeria have applied so far. The digital loan system, he noted, ensures smooth
Professor Kashim Abolaji of the Federal University of Technology, Akure (FUTA), has called on the Tertiary Education Trust Fund (TETFund) to allocate more resources to the development of creative arts in Nigerian universities and colleges. Speaking at the final-year art exhibition of the Creative Arts Department at Tai Solarin University of Education (TASUED) in Ijebu
The Nigerian Education Loan Fund (NELFund) has developed a job portal to provide students with an avenue to access financial assistance to repay their student loans. Through the portal, the agency will connect students with employment opportunities in the public and private sectors in Nigeria and abroad. Akintunde Sawyerr, NELFund’s Managing Director and Chief Executive,
The Tertiary Education Trust Fund (TETFund) has said it will no longer accept low-quality projects in tertiary institutions. Hon. Sunday Adepoju, a TETFund Board of Trustees member, made this statement while inspecting a project sponsored by TETFund at the Federal Polytechnic, Ede, Osun State. Adepoju praised the school management for the quality of the project
The newly signed Nigeria Tax Act 2025 has clarified that the Tertiary Education Trust Fund (TETFund) will now receive 50 per cent of the development levy allocated for national institutions. In the same vein, the Nigeria Education Loan Fund (NELFUND) will receive 15 per cent. This was disclosed in a statement by Ado Mohammed Abubakar,
The Tertiary Education Trust Fund (TETFund) has warned that any university, polytechnic, or college of education misusing its funds may be blacklisted. Speaking at a workshop in Abuja, TETFund’s Executive Secretary, Sonny Echono, stated that schools that fail to utilise or manage their funds properly will be removed from the list of beneficiaries. He explained
Executive Secretary of the Tertiary Education Trust Fund (TETFund), Sonny Echono, is tightening the reins on accountability, vowing tougher consequences for institutions misapplying public resources. Since assuming office over three years ago, Echono has led a sweeping reform agenda aimed at ending entrenched inefficiencies and wasteful practices in Nigeria’s higher education funding system. A seasoned
The Nigerian Education Loan Fund (NELFUND) states that it has completed the disbursement of upkeep payments to over 3,600 students who had previously registered with digital-only banking platforms. In a statement issued by its Director of Strategic Communications, Mrs Oseyemi Oluwatuyi, the Fund stated that the affected students had faced delays due to issues with
