Over 396,000 have benefitted from student loan – FG

The Federal Government has said no fewer than 396,000 students have benefitted from the Nigerian Education Loan Fund, NELFUND, tuition loans under President Bola Tinubu’s administration.

This was disclosed on Friday in Lokoja, at a townhall meeting to highlight the significant achievements of President Bola Tinubu’s administration in the past two years.

In his presentation, the guest speaker, Mr Lawal Shuaibu, who spoke on behalf of the Minister of Information and National Orientation, Mohammed Idris, said the initiatives had positively impacted the lives of Nigerians, particularly students.

“One notable achievement is the NELFUND tuition loan scheme, which has benefited over 396,000 students as of August 7, 2025.

“This initiative aims to provide financial assistance to ensure they complete their education and have a secured future,” Shuaibu said.

He noted that Kogi government has seen investments of over N900 billion, with 7,800 hectares of land cleared for farming.

Speaking on industrialisation, he said the government had inaugurated the construction of five mini-LNG plants in Ajaokuta, valued at over $500 million.

“This project is expected to create job opportunities, provide energy for many states, and position Nigeria as a key player in the global energy market,” he said.

Shuaibu said the state government also unveiled plans to train 25,000 youths to take the lead in mineral exploration.

Earlier, Mrs Sabina Abalaka, Head, Federal Information Centre, Lokoja, said the programme aimed to sensitise the public on Federal Government’s achievements.

She said Tinubu’s administration had taken bold steps to confront economic challenges, including the removal of fuel subsidy, to set the country on a path of sustainable growth.

“Despite initial hardships, the government’s decisions are expected to positively impact economic growth and national development,” she said.

Mr Ismaila Isah, the Special Adviser on Media to the Kogi Governor, highlighted the president’s achievements in various sectors.