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Renewed Hope: N32b Student Loan Scheme – Tinubu kicks off payment as 164,000 students register for the program
With a signal from President Bola Ahmed Tinubu, the Student Loan Scheme, one of the cardinal programmes of the administration, commenced yesterday.
The N32 billion made available for the programme will be given as loans to successful applicants.
According to the Nigeria Education Loan Fund (NELFUND) – the agency running the scheme, 103,000 successful applications were received.
It said 164,000 students were registered between May 25 when the portal opened and July 17.
The President gave out dummy cheques to students and some vice-chancellors to symbolically kick-start the scheme.
The Student Loan Scheme is a novelty meant to make loans available to indigent students or those unable to pay their fees so that they do not drop out of school.
“No student will drop out of school again just because he has no means to pay the fee,” the President had declared while announcing the scheme.
Beneficiaries’ tuition will be paid directly to the institution, while only the stipend will be paid to successful applicants.
President Tinubu declared education as the biggest weapon against poverty and the most effective battle axe to fight insecurity.
He said: “What I believe is that education is the greatest weapon against poverty in any society.
“Without education, there is no vision, there is no development, you cannot successfully conquer insecurity.
“Education is that light at the end of the tunnel. No matter how sluggish you move, it will give you the light and the hope.
“We are investing; we don’t want to try ignorance as an alternative, we want education from foundations to the topmost level.
“Today (yesterday), I am fulfilling one of my greatest campaign agendas. You cannot find your way if you are not well educated, you cannot even fight terrorism and banditry.
“If we have a successful inclusive loan that is necessary for our people to get educated and invest in their own lives, we would have built a fair society and a promise that we will earn a banner without stain to our children.”
NELFUND’s Executive Secretary/Managing Director Akintunde Sawyerr restated that the scheme aims to empower youths by removing financial barriers to their academic pursuit.
Reeling out NELFUND’s progress since the launch, Sawyerr said the Fund got key amendments to its Establishment Act on April 3, 2024, and secured dashboard metrics on May 25.
He explained that students applied for two types of loan – educational fees which are sent directly to their institutions of learning and application for upkeep fund, which serves as their monthly stipend
“Institutions collected cheques for multiple applications but students cannot get stipend unless their fees are picked by NELFUND,’’ said Sawyerr.
Sawyerr told reporters after the launch that there was a higher demand for loan from students of tertiary institutions in the North.
He attributed the trend to their proactive approach and effective networking.
However, he noted that there is growing awareness and interest by students in the South, despite initial scepticism.
The NELFUND boss added that universities have the highest demand for loans, followed by polytechnics and teacher training colleges.
He said: “Institutions in the north have been very proactive in supporting and helping their students and in providing their data to us.
‘’They seem to be very well organised in terms of networking.
“In the Southern part of the country, there’s growing awareness and there’s growing interest.
“I think there’s been a lot of scepticism, generally and I think the most sceptical parts of the country are in the South. They question everything: is it true, is it real, is it a scam?
“This disbursement programme is to say that ‘this is NO FUND, this is NELFUND.’
“We’re trying to ensure that people know that this is not a trick, it’s not a game.
“So, I think we’ll see the scepticism that you can find mainly in the Southern part begin to disappear when we start paying out.”
He added: “In terms of the three levels of institutions, the universities are the ones with the highest demand for the loans.
“It’s followed by the polytechnics and then the teacher training colleges.’’
The Executive Secretary said private institutions are excluded from the scheme because they charge higher tuition.
He thanked President Tinubu ‘’for having the vision and the courage to do what he has just done.’’
“I am sure you’ve all heard that fortune favours the brave and this courageous move will bring fortune not just to him, but to the entire nation,” he said.
National Association of Nigerian Students (NANS) President Lucky Emonefe described the take-off of the scheme as a new dawn for students.
“Today we are excited. Nigerian students are happy that the dream has come true.
“It was once a dream; it has become an act and today is the presidential launch and disbursement,’’ he said.
Present at the launch were Senate President Godswill Akpabio, Speaker of the House of Representatives Abbas Tajudeen; Wale Edun (Minister of Finance and Coordinating Minister of the Economy), Abubakar Bagudu (Budget and Economic Planning minister), Mamman Tahiru (Education minister) and Jamila Bio-Ibrahim (Youths minister).
Chairman NELFUND board Jim Ovia thanked the President for the privilege to serve.
He referred to the United Nations Sustainable Development Goals, of which education is number four.
“The President has recognised that. We are all grateful to him for NELFUND,” Ovia said.
Central Bank of Nigeria (CBN) Governor Olayemi Cardoso, Federal Inland Revenue Service (FIRS ) Chairman Zach Adedeji, Acting Executive Secretary of National Universities Commission (NUC) Chris Mayaiki and Joint Admissions and Matriculation Board Chairman Ishaq Oloyede were also in attendance.
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Breaking: Senegal Lose AFCON Crown as CAF Declares Morocco Winners
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Morocco have been officially crowned champions of the 2025 Africa Cup of Nations after the CAF Appeal Board overturned the result of the final against Senegal. The decision comes after extraordinary scenes in Rabat where the Lions of Teranga walked off the pitch in protest, leading to a retrospective 3-0 forfeit victory for the host nation.
In a detailed statement, the CAF Appeal Board confirmed that the appeal lodged by the FRMF was “declared admissible in form and the appeal is upheld.” This landmark ruling effectively strips Senegal of what would have been their second continental crown, rewarding the hosts for a match that descended into chaos during extra time.
The roots of the controversy lie in a heated moment deep into stoppage time when Morocco’s Brahim Diaz went down in the box. While the referee initially waved play away, a VAR review resulted in a spot-kick for the hosts. This sparked a furious reaction from the Senegalese bench, with head coach Pape Thiaw instructing his players to return to the dressing room in a protest that lasted several minutes.
The CAF Appeal Board found that “the conduct of the Senegal team falls within the scope of Articles 82 and 84 of the Regulations of the Africa Cup of Nations.” By leaving the field of play, Senegal was deemed to have infringed on the regulations, leading to the administrative 3-0 defeat. The ruling sets aside the previous CAF Disciplinary Board decision and confirms that the protest lodged by Morocco has been fully upheld
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NRC Confirms 26 Injured in Mid-Route Train Incident, Says Opeifa
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No fewer than 26 passengers and onboard personnel sustained varying degrees of injuries following a train incident along the Abuja–Kaduna rail corridor on Monday.
The incident, which occurred at about 9:16 a.m. near Asham Station, involved the KA-2 service travelling from Rigasa to Idu. According to an interim report released by the Nigerian Railway Corporation (NRC), a loud bang was heard as the power car and a trailing locomotive collided with one of the coaches.
Preliminary findings indicate that the incident may have been caused by a fault in one or more couplers, leading to a possible disconnection within the train formation. However, authorities confirmed that none of the coaches derailed.
The train had earlier departed Rigasa Station at 7:15 a.m., arriving at Jere slightly ahead of schedule before departing a few minutes later after an additional locomotive was coupled to improve operational resilience.
Following the incident, affected components—including a locomotive, power car, and one passenger coach—were detached from the train to allow the journey to continue safely.
A total of 481 people were onboard at the time, including passengers, crew members, security personnel, vendors, cleaners, and other service providers. Of the 459 passengers booked for the trip, 429 were confirmed to have boarded.
Despite the disruption, the train resumed movement at about 9:42 a.m., arriving in Kubwa at 10:10 a.m. and terminating at Idu Station at 10:39 a.m., with an overall delay of approximately 38 minutes.
The NRC stated that injured persons included passengers, staff, and security personnel, although details of the severity of injuries were not fully disclosed.
Train services on the route were later restored the same day, with subsequent trips resuming operations, albeit with delays. The Managing Director of the NRC, Kayode Opeifa, was onboard one of the recovery services to monitor the situation.
The corporation assured the public that a full investigation is underway to determine the exact cause of the incident and to prevent future occurrences.
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Update : Locomotive Detachment Triggers Abuja–Kaduna Train Incident, NSIB Investigates
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By Sotayo Olayinka
MAR 16, 2026
The Nigerian Safety Investigation Bureau (NSIB) has commenced an investigation into a railway incident involving a passenger train operating along the Rigasa–Idu rail corridor after a locomotive detached and struck the rear of the train.
The incident occurred about 09:16 a.m. along the Jere–Asham section of the corridor near Asham Station in Kaduna State. The track segment where the occurrence took place lies on a downward gradient.
The train, identified as KA2, had departed Rigasa Railway Station in Kaduna at the start of its scheduled journey to Idu Railway Station in Abuja. The service operates within a scheduled window of 07:15 a.m. to 10:01 a.m.
According to details released by the Bureau, the train arrived at Jere Station at 08:52 a.m. and departed again at 08:59 a.m. for the onward journey to Abuja after a rear locomotive was attached to provide additional operational support.
However, shortly after departure from Jere, the rear locomotive became detached while the train was moving along the descending gradient toward the Asham section. The detached locomotive subsequently rolled forward and collided with the rear portion of the train, resulting in a serious operational occurrence.
At the time of the incident, the train consisted of two locomotives positioned at the front and rear, one power car, two business-class coaches and six standard passenger coaches. A total of 429 passengers were onboard, alongside 46 crew members and 24 security personnel assigned to the service.
No fatalities were recorded, though some passengers sustained injuries. Personnel from the Nigerian Railway Corporation (NRC), supported by onboard security operatives, immediately activated emergency response procedures.
Medical personnel provided first aid to injured passengers.
Following the incident, the train continued its journey and arrived at Idu Station in Abuja about 10:39 a.m., where additional assistance was provided to passengers.
Investigators from the NSIB have since begun gathering evidence and conducting technical analysis to determine the circumstances surrounding the occurrence.
The investigation will examine technical, operational and infrastructure-related factors, including train configuration, locomotive attachment systems, operational procedures and relevant operational data.
Commenting on the incident, Director-General of the Bureau, Alex Badeh Jr., expressed concern for affected passengers and reaffirmed the agency’s commitment to determining the cause of the occurrence.
“This incident reminds us that every transport journey carries the trust and expectations of hundreds of people who rely on the system to move them safely to their destination.
Our thoughts are with the passengers who sustained injuries, and we commend the swift response of Nigerian Railway Corporation personnel and emergency teams who assisted those affected.
“At the Bureau, we approach every investigation with a deep sense of responsibility because behind every occurrence are real people, real families, and real consequences.
“Our team will carefully examine every relevant factor to understand what happened and to ensure that the lessons from this occurrence lead to safer railway operations across Nigeria”, he said.
The Bureau said it will work closely with the Nigerian Railway Corporation and other relevant agencies as the investigation progresses, adding that further updates will be provided as more information becomes available.
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