The Nigerian Education Loan Fund (NELFUND beneficiaries) has reached a major milestone, with over one million students now benefiting from the federal intervention scheme aimed at improving access to higher education in Nigeria The Federal Government says the initiative continues to reduce financial barriers for indigent students across the country
Minister of Education, Dr Tunji Alausa, and the Acting Vice Chancellor of the Federal University of Technology, Ilaro, Dr Mikhail Akinde, praised President Bola Tinubu’s administration for the growing impact of the scheme According to them, NELFUND has become a transformative policy reshaping education access and digital skills development nationwide
NELFUND Hits One Million Beneficiaries in Landmark Achievement
The Federal Government confirmed that over one million students have now benefitted from the NELFUND scheme since its launch Officials say the intervention has already cost more than N1.1 billion, reflecting the scale of investment in education support
In addition, over 160,000 young Nigerians have been trained in digital skills, strengthening the country’s push toward a more technology driven economy
Alausa Highlights Tinubu’s Education Reforms
Minister of Education, Dr Tunji Alausa, praised President Bola Tinubu for prioritising reforms in education, especially in science, technology, engineering, mathematics (STEM), and vocational training.
He noted that the government is focusing on digitalization and technical education to prepare Nigerian youths for future job markets
Alausa also commended Kogi State Governor, Usman Ododo, for supporting education through free education policies, payment of examination fees, and the establishment of accredited state universities
Kogi State Commended for Education Investment
During the inauguration of two Model Science Secondary Schools in Kogi State, Alausa described the projects as a reflection of visionary leadership
He further applauded the state for allocating over 30% of its annual budget to education, exceeding UNESCO’s recommended benchmark of 26%
Traditional rulers, including the Ohinoyi of Ebira land, also praised the state government for improving school infrastructure and learning conditions
FUTI VC Confirms NELFUND’s Impact on Students
The Acting Vice Chancellor of the Federal University of Technology, Ilaro, Dr Mikhail Akinde, confirmed that NELFUND has significantly reduced dropout risks among students facing financial challenges
He revealed that the institution alone benefited about N32 million, supporting over 200 students
According to him, many students who would have missed examinations were able to complete their academic activities due to the loan intervention
University Showcases Innovation and Technical Breakthroughs
At a media engagement and exhibition ahead of its 23rd convocation, FUTI showcased several innovative projects developed by students and researchers
These include solar powered tricycles, palm oil digesters, pet bottle shredders, maize dehuskers, defeathering machines, and incubators designed for mass production and job creation
The VC emphasized that such innovations aim to reduce import dependence and boost Nigeria’s industrial growth
Call for Investment and National Collaboration
Dr Akinde called on investors to partner with the institution to scale up innovations and create wealth for the nation
He also highlighted plans to honor prominent national figures during the upcoming convocation ceremony, including governors and traditional rulers who have contributed to national development
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