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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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APC Convention: Party Eyes Consensus for National Leadership Selection
The All Progressives Congress has confirmed that it plans to adopt a consensus approach for selecting its national leadership during the party’s convention scheduled for March 27–28, 2026, in Abuja.
The Assistant Secretary for Media and Publicity for the APC National Convention 2026, Mary Ikoku, disclosed the plan during an interview on Channels Television’s Sunrise Daily on Wednesday.
On the issue of elective positions during primaries, Ikoku said the party had not yet decided how these would be handled, noting that decisions may vary depending on local political dynamics.
She explained, “APC, for this convention, I am aware and can say that the party is adopting consensus for this convention. As to whether they are adopting consensus for elective positions, I do not have an answer to that because politics is local.
“So, I believe that, at the end of the day, when it comes to the issue of elective positions, the persons who would emerge aren’t often what you would want to make consensus in every space.”
Ikoku also addressed the Electoral Act’s provisions, which require political parties to register members online within a specified timeframe and outline acceptable methods for candidate selection.
She said these requirements posed challenges for some parties but reflected preparedness—or the lack thereof.
“We have an electoral law that defines the models for these elections. Direct primaries and consensus have been allowed, while indirect primaries have been taken out.
“That is the current law of the nation, passed and assented to. Now, why do you think other political parties will have issues with that?” she asked.
“That would be to say there are levels of unpreparedness of these political parties. Any political party that is worth its salt should not wait till election season to start preparing for the run for office and all of these congresses.
“It is something they would have planned ahead of time. So, when you are not proactive as a party, these kinds of situations can challenge you deeply,” she added.
Ahead of the convention, the party began screening aspirants for key positions in its National Working Committee , including National Chairman aspirant Nentawe Yilwatda and National Secretary hopeful Ajibola Basiru.
Other NWC members seeking to retain their posts include National Youth Leader Dayo Israel, Deputy National Chairman (North) Ali Bukar Dalori, National Legal Adviser Abdulkarim Abubakar Kana, National Woman Leader Mary Alile Idele, and National Publicity Secretary Felix Morka, among others.
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Breaking : Security Tightened as ICPC Drags El-Rufai to Court in Kaduna
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Security presence surged around the Federal High Court in Kaduna on Tuesday as operatives from multiple agencies were deployed ahead of the arraignment of former Kaduna State Governor, Nasir El-Rufai, over alleged corruption-related offences.
By about 7:00 a.m., heavily armed personnel of the Department of State Services, Nigeria Police Force, Mobile Police Force, and Nigeria Security and Civil Defence Corps had taken positions at strategic locations leading to the court complex situated within the old Nigerian Defence Academy area.
Access roads to the venue witnessed restrictions, forcing vehicles into a single lane from the Ungwan Sarki axis through Kawo and triggering early morning gridlock.
The heavy security followed a prior notice by the Independent Corrupt Practices and Other Related Offences Commission that it would arraign El-Rufai on Tuesday, March 24, 2026, before the Federal High Court sitting in Kaduna.
In a statement issued by its Head of Media and Public Communications, John Odey, the commission said the former governor would be docked alongside one Joel Adoga in suit number FHC/KD/73/2026.
The agency explained that the charges against the defendants include alleged conversion, unlawful possession of public property, and money laundering.
“The Independent Corrupt Practices and Other Related Offences Commission is set to arraign the former Governor of Kaduna State, Malam Nasir El-Rufa’i, and one Joel Adoga at the Federal High Court of Nigeria in the Kaduna Judicial Division on Tuesday, March 24, 2026. The charges range from conversion of and possession of public property to money laundering,” the statement read.
It further disclosed that another case, marked KDH/KAD/ICPC/01/26, had been instituted against El-Rufai and one Amadu Sule before a Kaduna State High Court.
According to the commission, the state charges border on abuse of office, fraud, intent to commit fraud, and conferring undue advantage.
“Similarly, another charge against Malam Nasir El-Rufa’i and one Amadu Sule has been filed before a Kaduna State High Court in the Kaduna Judicial Division. The charges range from abuse of office and fraud to intent to commit fraud and conferring undue advantage, among others,” the statement added.
The ICPC said both cases were filed on March 18, 2026, adding that a date for arraignment in the state court would be announced later.
It also insisted that El-Rufai had been properly served, stressing its adherence to due process and the rule of law.
The development came amid growing pressure from stakeholders, including the African Democratic Congress, which called for his immediate release or arraignment, describing his continued detention without formal charges as unconstitutional.
In the same vein, the Muslim Rights Concern criticised his prolonged detention, while members of his family also alleged a breach of his fundamental rights.
El-Rufai was first arrested by the Economic and Financial Crimes Commission on February 16, 2026, granted bail two days later, and subsequently re-arrested by the ICPC.
He has remained in the custody of the anti-graft agency since then, pending his arraignment.
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Eid-el-Fitr: Araraume Salutes Muslims, Applauds Tinubu’s Leadership
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Senator Ifeanyi Araraume, a prominent chieftain of the All Progressives Congress (APC), has extended warm felicitations to Muslims in Nigeria and across the globe on the joyous occasion of Eid-el-Fitr.
In a statement to mark the end of Ramadan, Araraume highlighted the significance of the month long period of spiritual reflection, fasting, and devotion. “As Muslims gather with loved ones to share in the festivities, I join in the cheer, wishing everyone a blessed and peaceful Eid,” he said.
The Senator expressed profound appreciation to Muslim Nigerians for their contributions to the nation’s growth, describing their faith, resilience, and patriotism as beacons of hope. “Your unwavering commitment to Nigeria’s progress is truly commendable,” he stated.
As the country navigates its current challenges, Araraume called for unity, understanding, and collective effort. “Let us embrace the spirit of Eid, forgiveness, generosity, and kindness, to build a brighter future for ourselves and generations to come,” he urged.
Araraume also extended solidarity to President Bola Tinubu, a distinguished Muslim and the leader of APC, praising his visionary leadership and dedication to nation building. “President Tinubu’s commitment to serving Nigeria has been exemplary, and we assure him of our continued support,” he said.
Reaffirming the APC’s commitment to national prosperity, Araraume emphasized that the values of compassion, unity, and progress embodied by Eid align deeply with the party’s ethos. “As we mark this occasion, we reaffirm our dedication to creating a Nigeria where faith and ethnic background are not barriers to success,” he concluded.
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