In a statement, the Director of Strategic Communications, Nigerian Education Loan Fund, Oseyemi Oluwatuyi, said the milestone was achieved less than a year after the programme was launched on May 24, 2024. He described it as evidence that the scheme is gaining strong national traction and public trust. According to the agency, over N116bn has […]
This was disclosed in a statement released by NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi. The agency said the application window will run from Thursday, October 23, 2025, to Saturday, January 31, 2026. NELFUND urged fresh students to apply using their Admission Number or JAMB Registration Number in place of a matriculation number. It appealed […]
Bode Oyetunde, the representative of Nigeria and São Tomé and Príncipe on the AfDB board, disclosed this on the sidelines of the 31st Nigeria Economic Summit (NES). He said the loan could be approved before the end of the year. He said the AfDB has been working strongly to support Nigeria’s “very bold and aggressive” […]
The government clarified that the Oyo State House of Assembly only approved a financial arrangement comprising N149 billion for loan refinancing and N151 billion for infrastructure development and contractor financing. It emphasized that refinancing replaces costlier loans with more favorable terms, reducing the state’s repayment burden, while the infrastructure funding enables the completion of key […]
This was disclosed in a statement by NELFUND’s Director of Corporate Communications, Osayemi Oluwatuyi, adding that students who transition into a new academic year will no longer receive upkeep disbursements for the preceding session. “In line with this directive, students shall only be entitled to upkeep loans for their current academic session. Upon the conclusion […]
Minister of Education, Maruf Tunji Alausa, who announced the scheme, said the initiative aims to address the welfare and professional development needs of tertiary staff as part of President Bola Tinubu’s Renewed Hope Agenda. Jointly developed by the Federal Ministry of Education and TETFund, and implemented with the Bank of Industry, TISSF offers interest-free loans […]
The World Bank has allocated $40m to support the expansion of financial protection for poor and vulnerable Nigerians under a new loan-backed health programme approved for the country. The loan project, approved by the World Bank on September 26, 2024, includes a $500 million credit facility from the International Development Association and a $70.01 million grant […]
The World Bank has released a $1.5bn loan to Nigeria following the Federal Government’s implementation of a few of its economic reforms, including removing fuel subsidies and introducing tax policies.
According to information obtained from the Washington-based institution, the loan is for the Rural Access and Agricultural Marketing Project—Scale Up. It is designed to bridge the gap between rural communities and the broader marketplace, facilitating smoother access to agricultural markets, schools, and hospitals and promoting social cohesion among rural populations. Earlier reports has it that […]
In a statement by the World Bank Group’s President, Ajay Banga said donor countries committed $23.7 billion to reload its concessional lending arm, known as the International Development Association , IDA. This year’s support is a slight increase from the roughly $23.5 billion pledged during the last fundraising round three years ago. Read Also: FG […]