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NELFUND Managing Director Clarifies Loan Eligibility and Repayment Process

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By Gabriella Ogbu

Mr. Akintunde Sawyerr, the Managing Director/CEO of the Nigerian Education Loan Fund (NELFUND), shed light on the eligibility criteria for accessing student loans provided by the Federal Government’s newly established fund. He emphasized that not all students at public universities automatically qualify for these loans.

During an interactive session with journalists organized by the Education Writers’ Association of Nigeria (EWAN) at the University of Lagos, Sawyerr outlined the parameters for loan eligibility. He specified that only students enrolled in Nigerian public tertiary institutions, including universities, polytechnics, colleges of education, and government-owned vocational training centers, are eligible for NELFUND loans. However, certain groups, such as inmates in correctional facilities, Nigerian students studying overseas, and those attending private postsecondary institutions, are excluded from the loan program.

Sawyerr clarified that NELFUND operates as a financial organization rather than a grant provider, offering interest-free loans to students from economically disadvantaged backgrounds. These loans cover 100 percent of the mandatory fees for each academic session, including allowances for accommodation and living expenses, based on the geographic location of the institution.

The loan disbursement process involves two segments: stipends deposited directly into recipients’ bank accounts and payments made to institutions to cover fees. Sawyerr emphasized that applicants must reapply each academic session, with applications typically processed within 30 days. The fund ensures transparency and efficiency by verifying applicants’ information, including their Bank Verification Numbers (BVNs), National Identification Numbers (NINs), and admission letters.

To prevent misuse of the loan program, Sawyerr noted that individuals with significant financial resources and fraudulent applicants (“ghost students”) would be ineligible for funding. He also clarified the repayment process, which begins formally two years after recipients complete the National Youth Service Corps (NYSC) program. Repayment timelines may vary based on recipients’ economic circumstances, with no strict deadline imposed.

Sawyerr emphasized NELFUND’s commitment to accountability, stating that funds would be reclaimed promptly from recipients who no longer require assistance. This proactive approach ensures that the loan program remains sustainable and accessible to deserving students pursuing higher education in Nigeria.

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Abuja Reports

Atoyebi Adewumi Wins 4th National Essay Competition, Beats 2,000 Contestants

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By Samson Adeyanju

Atoyebi Adewumi has emerged winner of the fourth edition of the National Essay Competition, beating more than 2,000 contestants in an intellectual contest aimed at promoting academic excellence, critical thinking and creative writing among young Nigerians.

The competition, which focused on the relevance of taxation to national development, challenged participants to examine the role of tax revenue in financing public services, stimulating economic growth and strengthening the relationship between government and citizens.

The initiative provided a platform for young Nigerians to demonstrate their writing skills, articulate informed perspectives on national issues and contribute ideas towards building a more responsible and progressive society.

Speaking after being declared winner, an elated Adewumi expressed gratitude to the convener, Foluso Sylvanus Ojo, and the organising team for providing young Nigerians with an opportunity to showcase their intellectual abilities.

“I am so glad, very, very glad, to have this privilege of emerging as the winner. I am grateful to the convener and the entire team, as well as everyone who supported this vision,” Adewumi said.

In his remarks, Ojo expressed concern over the tendency to criticise the attitudes and lifestyles of younger generations without providing adequate opportunities to nurture their talents and channel their energies towards productive pursuits.

He called on the government, corporate organisations and nongovernmental organisations to invest more in educational initiatives that promote intellectual excellence, creativity and responsible citizenship.

According to him, sustained investment in academic competitions and youth development programmes would encourage discipline, innovation and a stronger commitment to national development.

Drawing a comparison with the substantial cash prizes awarded in some reality television competitions in Nigeria, Ojo argued that students and intellectually gifted young Nigerians deserved greater recognition, financial support and encouragement.

“I believe the government should support initiatives like this because individuals need supportive hands, especially from the government. When they receive such support, they become more confident and motivated to continue their good work,” he said.

Ojo maintained that society could not continue to complain about the attitudes and lifestyles of young people without deliberately investing in programmes that encourage positive values and productive engagement.

The fourth edition of the competition also underscored the importance of tax awareness among young Nigerians, highlighting how effective taxation, transparency and accountable governance could contribute to improved infrastructure, education, healthcare and other essential public services.

Beyond celebrating the winner, the competition reinforced the need to identify, encourage and empower emerging intellectual talents capable of contributing meaningfully to Nigeria’s development.

Winner of the 5,000,000 naira

Winner of 3,000,000 naira

Winner of 2,000,000

All the participants 

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Abuja Reports

20 Finalists Begin Final Stage of National Essay Competition

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By Samson Adeyanju

Twenty finalists from across Nigeria have begun the final stage of the fourth edition of the National Essay Competition in Abuja, following an orientation session designed to prepare them for the decisive examination.

The finalists arrived in the Federal Capital Territory for a four-day, all-expenses-paid programme featuring the essay examination, institutional tours and opportunities for learning and networking.

The competition, the brainchild of Mr Foluso Ojo, is sponsored by the Nigeria Revenue Service (NRS).

Ahead of the examination, the finalists participated in an orientation session led by Professor Omotosho Borisade of Ekiti State University, who serves as the competition’s umpire.

The session familiarised participants with the competition’s rules and regulations, examination guidelines and assessment criteria, helping them understand the requirements of the final stage.

The essay examination is scheduled to begin today at 9 a.m., after which the finalists are expected to embark on institutional tours around Abuja.

The programme is designed to extend beyond the contest itself, exposing the finalists to new learning opportunities, professional connections and experiences in the nation’s capital.

The competition brings together young Nigerians to demonstrate their writing ability, knowledge, creativity and critical-thinking skills as they compete for the top honours.

With the finalists prepared for the examination, attention now turns to their performance and the eventual emergence of the competition’s champion.

 

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Education

Oyelami Named Acting CEO of National Mathematical Centre

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By Omoniyi David

The Federal Government has appointed Professor Oyelami as Acting Chief Executive Officer of the National Mathematical Centre with immediate effect.

The appointment was announced in a statement by the centre’s Controller of Information and Public Relations, Onyekachi Njoku. He said the decision followed the elevation of the former CEO, Promise Mebine, as Vice-Chancellor of the Federal University Otuoke.

Njoku disclosed that the approval was conveyed in a letter signed by Rakiya Ilyasu, Director of University Education at the Federal Ministry of Education.

Professor Oyelami, a mathematician who joined the centre over two decades ago from Abubakar Tafawa Balewa University, previously served as Coordinator of the Mathematics and Theoretical Physics programmes and as Deputy Director/Academic Planning Coordinator.

An alumnus of the University of Jos and Abubakar Tafawa Balewa University, he holds a Second-Class Upper degree, MSc and PhD in Mathematics and has published widely in local and international journals.

The centre said his appointment would strengthen its mandate to promote research, innovation and capacity building in mathematical sciences.

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