NELFUND CEO Affirms Student Loans Won’t Be Disrupted Despite ASUU Strike

Tinubu Administration Lists 26 Education Initiatives as NELFUND Disbursements Hit ₦372.6bn

The Federal Government’s latest education scorecard is not the launch of 26 new policies. It is a catalogue of initiatives and reported achievements under President Bola Tinubu, presented by Education Minister Tunji Alausa in an A-to-Z document, From Reform to Results. Several programmes were already operating, and the figures cover activity over time rather than results from one new package. From Reform to Results+1

The document sits within the Nigeria Education Sector Renewal Initiative (NESRI), which organises government work around access, quality and skills across all levels. Its headline financial figure is the Nigerian Education Loan Fund’s cumulative ₦372.62 billion disbursement to students and institutions. That amount is substantial, but it measures a loan programme, not the government’s entire investment in education.

NELFUND Disbursement Reaches ₦86bn as Student Loan Rollout Expands

What the 26 initiatives cover

The A-to-Z list includes the Federal Government’s agreement with the Academic Staff Union of Universities, free technical education, teacher professionalisation, medical training, girl-child education, research grants and digital learning. Other initiatives cover campus transport, diaspora teaching support, school data and efforts to return out-of-school children to classrooms. Punch Newspapers+1

The ministry reports 2.8 million applications for its technical and vocational education programme, but 156,446 verified trainees. It also lists 53,553 teachers registered on EduRevamp and 51,794 registrations for the first teacher professionalisation cohort. Applications and registrations are not completed training or proof of better classroom performance. Punch Newspapers+1

Also Read: NELFUND Boss Urges Igbobi College Alumni to Invest More in School Modernisation

What the NELFUND figure means

NELFUND’s October 30 report put cumulative disbursements at ₦372.62 billion across 319 tertiary institutions: ₦192.89 billion for institutional fees and ₦179.73 billion for students’ upkeep. It recorded 1,659,853 beneficiaries and 2,330,263 applications received since the portal opened on May 24, 2024. Applications received are not the same as beneficiaries funded. The Guardian Nigeria

The money is a loan, not a grant. NELFUND’s published terms state that repayment falls due two years after a beneficiary completes the National Youth Service Corps programme; employed borrowers repay through a 10 per cent deduction from monthly salary. This makes clear information about eligibility, disbursement, repayment and complaints important to students and families. Nelf

Back Story: A wider renewal agenda

NESRI has six priorities: technical and vocational education; science, technology, engineering, mathematics and medical sciences; out-of-school children; girl-child education; data and digitalisation; and quality assurance. The 26-item presentation is a progress inventory under that framework, not 26 reforms introduced when the document was shared. Nigeria Education Sector Renewal Initiative+1

The test is learning, not announcements

The need for measurable results remains acute. UNICEF’s September 2026 review of basic-education finance says public education spending fell from 9.3 per cent of total government expenditure in 2015 to 3.6 per cent in 2023. The World Bank reported in February 2026 that Nigerian student test scores in 2025 remained one point below their 2010 level.

The government’s list identifies activity and ambition. Its next task is to publish annual data showing how many learners complete programmes, whether teachers’ classroom practice changes, whether schools become safer and better equipped, and whether learning improves. Without those measures, ₦372.6 billion and 26 initiatives remain important inputs, not proof that Nigeria’s education crisis is being reversed.

Also Read: OpenAI Revenue Forecast Gap Raises Questions About AI Growth

Share your love
Chimezirim Bassey
Chimezirim Bassey

Chimezirim Bassey is a seasoned writer with over seven years of experience covering technology and education across Africa and beyond. He combines deep industry knowledge with a humanised, engaging writing style to break down complex topics into insights that are both accessible and compelling. Chimezirim has contributed to high-profile publications, delivering in-depth analysis on emerging tech trends, digital learning innovations, and policy developments, while consistently focusing on the practical impact of technology on education and society.

Articles: 2769