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Applicants Rush NELFUND With Highest Single-Day Student Loan Application

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The management of the Nigeria Education Loan Fund (NELFUND) under the leadership of its Managing Director/CEO, Akintunde Sawyerr is pleased to announce that it has received the highest student loan application within a span of 24 hours.

This was disclosed in a statement issued in Abuja, on Wednesday by Director, Corporate Communications, NELFUND, Oseyemi Oluwatuyi.

She pointed out that within the last 24 hours, the fund recorded a total of 9,687 student registrations, of which 7,975 are completed loan applications. This marks the highest in one day since the launch of the student loan application portal on the 25th May 2024.

According to her, this overwhelming surge in interest, underscores the critical role that NELFUND plays in enabling access to higher education, for students facing financial challenges.

ALSO READ: NELFUND Continues Student Loan Disbursements Across Nigerian Tertiary Institutions

She stated, “The high number of applications confirms the fact that financial constraints is a major issue that many aspiring higher education students are facing. It reinforces the importance of NELFUND’s work in providing the necessary support to Nigerian youth.

“The Fund recorded this significant milestone in its mission to support students struggling with tertiary education financing across the nation. It is in line with the vision and action of President Bola Ahmed Tinubu (GCFR).

Oluwatuyi noted that since the opening of the student loan application portal, NELFUND has recorded and steady and consistent influx of applications, highlighting the pressing need for financial assistance among Nigerian students.

“The Fund hereby urges all students who are experiencing financial difficulties to take advantage of this well intended opportunity provided by The President, His Excellency, Bola Ahmed Tinubu,” she added.

Eligible students are therefore encouraged to apply for the loan through the NELFUND portal.

The NELFUND’s streamlined application process is designed to be user-friendly, ensuring that students can easily access the support they need.

The dedicated support team is available to assist applicants throughout the process, providing guidance and answering any questions they may have.

This milestone is not just a testament to the effectiveness of the Fund’s outreach and the trust that students place in the program and the President’s pronouncement, but also a call to action for those who have not yet applied.

For more information on how to apply for a student loan, please visit our website: nelf.gov.ng, or contact us via our verified social media handles.

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Borno Floods: 719 People Saved In Daring Rescue Operation

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A massive rescue operation by the Borno State Emergency Management Agency (SEMA) has saved 719 people stranded by floods in Maiduguri and Jere, bringing hope to affected communities.

SEMA Director-General, Mohammed Barkindo confirmed that the agency’s divers and emergency responders worked tirelessly to reach victims trapped in flooded areas, using makeshift facilities to facilitate the rescue.

Notably, all 719 rescued individuals opted to stay with relatives or in private residences, declining temporary camp accommodations.

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SEMA has ensured their safety by documenting contact information for ongoing support.

He said, “SEMA went with divers and rescued 719 people trapped in trees and upstairs, taking them to their chosen locations. The rescue operations started yesterday and continued up to this time today.

“We documented their contacts to check on their well-being since they were taken to private residences, where they insisted on living with their relatives.

“Virtually all those we rescued, especially along Lagos Street, said they preferred to stay with their relatives, while the rest also suggested better options. None of the 719 was taken to the camp.”

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Efforts Underway To Restore Confidence In Nigeria’s Economy – Tinubu

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President Bola Tinubu has reaffirmed his administration’s commitment to restoring confidence in Nigeria’s economy through initiatives aimed at reducing inflation, stabilizing the foreign exchange market, and enhancing fiscal management.

Speaking at the 17th Annual Chartered Institute of Bankers of Nigeria (CIBN) Banking and Finance Conference in Abuja on Tuesday, Tinubu, represented by Vice President Kashim Shettima, praised the conference’s theme, “Accelerating Economic Growth and Development: The State of Play and the Way Forward,” as timely and essential.

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Tinubu acknowledged that the conference was convened during a period of significant challenges, including high inflation, rising living costs, unemployment, infrastructure deficits, and the impacts of global economic changes.

Despite these challenges, he pointed out that they also offer opportunities for growth and development.

The President noted that his administration has undertaken bold yet difficult reforms to address the macroeconomic issues facing the country.

He said, “Though painful in the short term, the removal of fuel subsidies is designed to free up budgetary resources for critical investments in infrastructure and social services. The adjustment of the monetary policy rate, a move aimed at curbing inflation and fostering a more market-oriented exchange rate system.

Tinubu also noted that his administration was committed to strengthening infrastructure development in the ongoing bid to grow Nigeria’s economy.

He added “We are committed to upgrading Nigeria’s infrastructure to support economic growth. We are investing in roads, railways, and energy projects through public-private partnerships to reduce transportation costs and improve market access.”

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Peter Obi Not In DSS Custody – Aide

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The media aide to Labour Party presidential candidate, Valentine Obienyem, has denied reports of Obi’s arrest by the Department of State Services (DSS).

In a statement released on Tuesday, Obienyem described the reports as “entirely false and baseless”.

Read Also: NLC President, Joe Ajaero Freed From DSS Custody

He explained that the rumour emerged on Saturday but was promptly refuted.

Obienyem further clarified that Obi was not in Anambra State at the time of the alleged incident, dismissing claims that he was arrested alongside his wife, Margaret.

The media aide urged the public to disregard the false reports and remain vigilant against misinformation. He assured that official communications regarding Obi will be released through proper channels.

Obienyem said, “As of Saturday, Mr. Obi was in Rwanda attending to important engagements. He has since returned to Nigeria and is currently in Edo State, where he is actively involved in party and national matters. There was no DSS operation at his residence, and no arrest was made.

“As the situation develops, Mr. Obi continues to focus on his commitment to the nation, while his team remains steadfast in providing accurate updates on his activities.” It added

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