NELFUND: Nearly Two Million Students Benefited from Tinubu’s Education Loan Scheme — Presidency

The Presidency has said nearly two million Nigerian students have benefited from the Nigerian Education Loan Fund (NELFUND), a zero-interest facility designed to widen access to tertiary education and reduce dropouts caused by financial hardship.

A Historic Intervention

ValidViewNetwork gathered that the Presidency has intensified its push for President Bola Tinubu’s re-election, arguing that the administration’s economic and social reforms are now delivering tangible prosperity.

In an article titled “From Reform to Prosperity: A Case for President Tinubu’s Re-election,” the Senior Special Assistant to the President on Public Engagement, Fredrick Nwabufo, said nearly two million Nigerian students had benefited from the Nigerian Education Loan Fund (NELFUND) , a zero-interest facility designed to widen access to tertiary education and reduce dropouts caused by financial hardship.

How the Scheme Works

Nwabufo said beneficiaries, who receive support for tuition and upkeep, are expected to begin repayment two years after completing the National Youth Service Corps.

He described NELFUND as a historic intervention that would be remembered for generations.

Macroeconomic Gains

According to the presidential aide, the reforms have begun to yield macroeconomic gains, with the economy expanding by 4.43 per cent year-on-year in real terms in the second quarter of 2026.

Headline inflation declined to about 15.4 per cent in July 2026, while Moody’s Ratings revised Nigeria’s outlook to positive from stable.

A Lesson for Nigerian Youths

NELFUND is a significant intervention, nearly two million students have benefited. But the scheme is not charity; it is a loan that must be repaid.

For young Nigerians, the lesson is clear: education is a pathway to a better future, but it must be pursued with integrity.

The same politicians who celebrate NELFUND will never allow their own children to struggle with student loans.

ADVERTISEMENT

Their children are funded privately.

Take advantage of opportunities. Repay your loans. Build a future for yourself.

And never allow yourself to be used as a tool for someone else’s political ambition.