NELFUND: Tinubu govt denies asking students to repay loans

The President Bola Ahmed Tinubu administration has dismissed claims that it is demanding Nigerian students repay loans.

This comes amid reports that Tinubu had asked Nigerian students to repay their debt to the Nigerian Education Loan Fund (NELFUND).

Reacting to the development, a presidential media aide, Olusegun Dada, urged Nigerians to disregard the rumours.

In a statement on his X account on Saturday, Olusegun said, “As reported from inception, repayment of the student loan will not commence until a moratorium period of two years (after NYSC completion) has been reached by the applicants.

“As it stands, the scheme will clock two years in March 2026 from the day when the first applications were made, and not a single one of the applicants would have reached the repayment stage.

“Kindly discard any other information contrary to these,” he wrote.

TVGlobal.world reports that the acting managing director of NELFUND, Mr. Akintunde Sawyerr, said the agency disbursed N174bn to over 800,000 beneficiaries from about 263 tertiary institutions.

Comments

  1. #SKMATZ.COM25 January 2026 at 16:58

    The government has done a great job in assisting students with their academic pursuit.
    Kudos to the government.

    ReplyDelete

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