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Tinubu postpones students loan launch indefinitely

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Federal Government has postponed the launch of the Nigerian Students Loan Scheme indefinitely.

 

Akintunde Sawyer, the Executive Secretary of the Nigerian Education Loan Fund (NELFUND), disclosed this in an interview with ARISE NEWS.

The loan which was formally slated to take off on Thursday, March, 14, has been postponed again, as there are some corrections that are being made around the launch according to Sawyer.

 

“Unfortunately, I won’t be able to commit to a specific date. We are sort of waiting to ensure that all the stakeholders are aligned to make sure that nobody is blindsided, then we can actually roll this out in a meaningful, comprehensive, wholesome, and sustainable way.”

President Bola Tinubu signed the bill into law in June 2023, to establish a Students Loan Fund (SLF) to provide interest-free loans to Nigerians seeking higher education.

 

The bill, sponsored by Femi Gbajabiamila, the former Speaker of the House of Representatives, was initially planned to kickstart between September and October 2023.

 

President Tinubu announced the scheme would begin by January 2024, after his Government failed to meet the October deadline last year.

In January, Yusuf Sununu, Minister of State for Education, confirmed at the Federal Executive Council (FEC) meeting, while speaking to reporters, that preparations were completed for the scheme to begin, including the finalisation of the Student Loan Scheme website and the conclusion of technical plans to facilitate the scheme’s kick-off.

Education

FG approves establishment of Bola Tinubu polytechnic

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The Nigerian Government has approved the establishment of Bola Ahmed Tinubu Federal Polytechnic in Gwarinpa, Abuja.

This move is part of a national effort to ensure that every state in Nigeria has at least one federal polytechnic.

The decision, made public in a letter dated January 9, 2025, was addressed to Nyesom Wike, the Minister of the Federal Capital Territory, by Education Minister Dr. Tunji Alausa.

The letter, which was received by Wike’s office on January 16, 2025, urged the FCT Minister to propose possible locations for both the temporary and permanent sites of the polytechnic in Gwarinpa.

A team from the Federal Ministry of Education and the National Board for Technical Education will assess the suggested locations before final approval.

The new institution aims to foster training in technology, vocational skills, and entrepreneurship.

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Education

ASUU kicks against Senate attempt to dismantle the Tertiary Education Trust Fund (TETFund) through the proposed tax reform bill.

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The Academic Staff Union of Universities (ASUU) has warned the National Assembly and the National Economic Council against any attempt to dismantle the Tertiary Education Trust Fund (TETFund) through the proposed tax reform bill.
In a press conference at Bayero University, Kano, on Wednesday, ASUU Zonal Coordinator for Kano Zone, Professor Abdulkadir Muhammad, stressed that the union would not stand by while its key initiative is dismantled.

Titled Nigeria Tax Bill 2024 and Its Consequences on TETFund: Killing the Brainchild of ASUU, Professor Muhammad argued that Nigerian universities could face imminent collapse if the bill currently before the assembly is passed

Read the full story www.ekwutosblog.com follow our social media handles @ekwutosblog

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Education

Ibadan stampede: Court grants Principal, Hamzat, Silekunola bail

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An Oyo State High Court sitting in Ibadan, the state capital, has granted bail to the principal of Islamic High School, Bashorun, Ibadan, Mr. Abdullahi Fasasi; the proprietor of Agidigbo FM, Alhaji Oriyomi Hamzat; and Olori Naomi Silekunola, an estranged wife of the Ooni of Ile-Ife, Oba Enitan Adeyeye Ogunwusi.

The bail was granted by Justice K.B. Olawoyin on Monday.

Our correspondent reports that the trio were granted bail after the judge listened to the arguments of their counsels.

DAILY POST reports that the three were being prosecuted over a stampede that occurred at the school.

No fewer than thirty-five children died during the incident, which happened on Wednesday, December 18, 2024.

An Oyo State Magistrate Court in Iyaganku had earlier ordered that the trio be remanded at the Agodi Correctional Facility.

Details later…

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