NEWS
JUST IN: NELFUND Receives ₦50bn Recovered Proceeds Of Crime
The Management of the Nigerian Education Loan Fund (NELFUND), has received an additional N50 billion from the Economic and Financial Crimes Commission (EFCC).
This was disclosed in a statement in Abuja, on Friday by the Director, Corporate Communications, NELFUND, Oseyemi Oluwatuyi.
ALSO READ: Applicants Rush NELFUND With Highest Single-Day Student Loan Application
According to Oluwatuyi, the release follows the directive of President Bola Tinubu in his speech on 4th August, 2024, directing the EFCC to transfer the funds to NELFUND to further boost the student loan program.
This significant injection of funds represents a major milestone in the Administration’s commitment to bolstering access to education by providing financial support to students across Nigeria.
The fund extends its deepest appreciation to President Bola Ahmed Tinubu for his unwavering dedication to the education sector and his continued efforts to support the most vulnerable segments of the population.
By deciding to allocate these funds to the student loan scheme, President Tinubu has once again demonstrated his visionary leadership and commitment to fostering a brighter future for Nigerian students and to the socioeconomic advancement of Nigeria.
She added that the NELFUND wishes to acknowledge and thank the EFCC under the leadership of its Executive Chairman, Ola Olukayode for their swift action ensuring the release of the funds.
Their diligent work has ensured that these resources has been promptly made available to benefit the education of our nation’s youth.
She noted that President Tinubu’s decision to direct these funds into NELFUND’s student loan scheme underscores the administration’s broader social intervention policy aimed at uplifting the most populous, yet disadvantaged segment of Nigerian society, the youth.
This infusion of funds will significantly boost the NELFUND’s ability to provide much-needed financial support to students, enabling them to pursue their academic aspirations without financial hindrance.
The NELFUND remains committed to utilizing these funds equitably, responsibly and efficiently, ensuring that they directly benefit those who need them the most and have already sought a partnership with EFCC to oversee the disbursement process.
With the support of the government and the EFCC, NELFUND will continue to drive forward the mission of expanding access to tertiary education for all aspiring Nigerian youth and increasing the employability of well educated graduates in both the academic and vocational sectors, Oluwatuyi stated.
NEWS
‘Act Now as UN Warns of Escalating Food Crisis in the North’ – Obi to FG
Former Anambra State Governor and 2027 presidential candidate of the National Democratic Congress (NDC), Peter Obi, has expressed concern over a recent United Nations warning of a worsening food crisis in Northern Nigeria, urging the Federal Government and state governments to take immediate steps to prevent the situation from deteriorating further.
Obi made the call on Saturday in a post shared on his X account, describing the development as disturbing, especially because Northern Nigeria has traditionally been regarded as the country’s food-producing region.
The former governor stressed the need for more effective policy implementation to address the growing humanitarian challenge, urging governments at all levels to make proactive investments in securing agricultural corridors and supporting smallholder farmers with accessible resources to improve food production.
SEE ALSO: No Joy on Children’s Day as Students Languish in Captivity — Peter Obi
He also called on authorities to work closely with the United Nations World Food Programme (WFP) and other development partners to bridge existing funding gaps before the crisis worsens.
According to Obi, the WFP’s latest assessment revealed that more than 17 million people across nine northern states are currently facing crisis-level hunger, while over 35 million Nigerians could be at risk during the ongoing lean season.
He further cited reports indicating that more than 10,000 residents of Borno State have entered what humanitarian agencies describe as “catastrophic hunger conditions.”
“Insecurity, including banditry and insurgency, has prevented many farmers from accessing their farmlands and remains a major obstacle to agricultural production,” Obi said.
The former presidential candidate called for improved security across farming communities and increased investment in rural infrastructure and agricultural productivity to restore food production.
He also urged policymakers to prioritise production-driven economic policies aimed at expanding cultivated land and boosting agro-industrial output.
According to Obi, Nigeria has the resources and agricultural potential to significantly reduce hunger and poverty if the appropriate measures are implemented.
He maintained that a Nigeria free from widespread hunger and mass poverty remains achievable if leaders place the welfare and livelihoods of citizens at the centre of national decision-making.
The statement follows a recent United Nations warning that worsening hunger in Northern Nigeria is being fuelled by insecurity, which continues to prevent farmers from accessing their farmlands and has created conditions that armed groups exploit to recruit vulnerable people.
NEWS
Tinubu’s Adviser Masari Bags International Leadership Award, Receives US Congressional Commendation
President Bola Tinubu’s Special Adviser on Political and Other Matters, Alhaji Ibrahim Kabiru Masari, has received international recognition for his contributions to public service, leadership and good governance after emerging as one of the recipients at the 16th African Business Leadership Awards (ABLA) held in London, United Kingdom.
Masari was honoured for his exemplary leadership, distinguished public service and sustained contributions to governance and sustainable development during the prestigious event organised by the African Leadership Organisation under the auspices of the African Leadership Magazine.
SEE ALSO: ‘Tinubu’s Gov’t is Held Hostage by Fraudsters’ – Atiku Declares
The annual summit attracted African presidents, governors, ministers, policymakers, business executives, development partners and academics to celebrate outstanding leadership while promoting dialogue on Africa’s economic transformation, innovation, investment and sustainable development.
In addition to the ABLA honour, Masari also received a Special Congressional Commendation from the South Carolina House of Representatives in the United States in recognition of his contributions to public service and leadership.
Organisers said the dual honours reflect growing international recognition of Masari’s commitment to good governance, accountability and nation-building.
As Special Adviser to President Tinubu on Political and Other Matters, Masari has been instrumental in providing strategic political counsel, fostering dialogue among stakeholders and supporting initiatives aimed at strengthening national cohesion and Nigeria’s democratic process.
Reacting to the recognition, Engr. Abdullahi Garba Ramat, PhD, described the awards as a fitting tribute to Masari’s years of dedicated service, integrity and commitment to national development.
Ramat said Masari’s leadership style, characterised by humility, accessibility and commitment to public service, has earned him widespread respect across political, ethnic and social divides.
According to him, the presidential adviser has remained steadfast in supporting President Tinubu’s administration through strategic engagement, loyalty and dedication to advancing the government’s policies and programmes.
He also commended Masari for his humanitarian interventions, support for education, youth mentorship and community development, noting that his philanthropic efforts have positively impacted many lives across Nigeria.
“His recognition is not just an award but a validation of a lifetime devoted to integrity, patriotism, compassion and selfless service to humanity,” Ramat said.
Other prominent African leaders honoured at the ceremony included Yobe State Governor Mai Mala Buni, Imo State Governor Hope Uzodimma, Director-General of the National Agency for Food and Drug Administration and Control (NAFDAC), Prof. Mojisola Christianah Adeyeye, Governor of the Bank of Sierra Leone Henry Falla Saamoi, and President of the ECOWAS Bank for Investment and Development (EBID), Dr. George Agyekum Donkor.
The event was attended by several notable personalities, including former Tanzanian President Jakaya Mrisho Kikwete and the Executive Secretary of the Petroleum Technology Development Fund (PTDF), Prof. Shehu Aliyu, alongside other African leaders and development experts.
Congratulating Masari on the honours, Ramat expressed confidence that the international recognition would further inspire him to continue serving Nigeria with dedication while promoting unity, peace and national development.
NEWS
Nigeria’s IEA Membership Tickles Minister
The International Energy Agency (IEA) has admitted Nigeria as an Association country.
The development, Biztellers reports has been well received by the Nigerian authorities led the Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, who described it as a major milestone that will strengthen the country’s role in global energy governance while supporting its drive for universal energy access, industrialisation and sustainable development.
Ekpo’s positive sentiments were expressed in a statement on Thursday by his spokesman, Louis Ibah, who noted that the unanimous decision of the IEA Governing Board to admit Nigeria reflects the country’s increasing strategic importance in the global energy sector.
The minister said Nigeria’s membership would open new opportunities for collaboration with the world’s leading energy body, giving the country greater access to global expertise, research, policy guidance and investment partnerships needed to transform its energy sector.
“I am elated by the decision of the IEA Members to officially welcome Nigeria to the IEA Family as an Association country.
“It is an honour for Nigeria to join this leading energy agency. I also encourage other African countries to deepen their engagement with the IEA as we work together to achieve key development goals, including universal energy access and industrialisation”, Ekpo said.
According to him, the partnership will strengthen cooperation in critical areas such as energy security, gas development, investment mobilisation, electricity access and sustainable energy solutions, while supporting Nigeria’s efforts to build a more resilient, competitive and inclusive energy sector.
The minister noted that Nigeria’s admission comes at a critical period when the country is pursuing reforms aimed at expanding domestic gas utilisation, increasing electricity access, attracting investment and driving industrial growth through improved energy infrastructure.
Nigeria is the latest nation to join the IEA’s Association programme, which brings together major energy-producing and energy-consuming countries to promote secure, affordable and sustainable energy systems.
With Nigeria’s admission, the IEA Family now represents more than 80 per cent of global energy demand, a significant increase from the 40 per cent it accounted for when the Association programme was launched in 2015.
Welcoming Nigeria into the organisation, IEA Executive Director, Fatih Birol, described the country’s admission as a significant achievement for both the Agency and the global energy community.
“I am thrilled that Nigeria is joining the IEA. It is Africa’s most populous country and a major international energy player. Nigeria becoming part of the world’s energy authority marks an important advance in global energy governance,” Birol said.
He expressed appreciation to President Bola Ahmed Tinubu and Minister Ekpo for their confidence in the Agency, saying stronger cooperation would help Nigeria improve energy security, accelerate economic growth and expand access to electricity and clean cooking solutions.
Birol added that the partnership would also support broader efforts to build more resilient and sustainable energy systems while addressing key development challenges.
The IEA acknowledged Nigeria’s growing influence in international energy markets, particularly following recent developments in the country’s refining sector.
According to the Agency, increased fuel exports from Nigeria during periods of global market disruption helped improve the resilience of fuel supply across Africa and other international markets.
It also recognised Nigeria as one of the world’s fastest-growing markets for decentralised solar energy, noting the country’s ongoing efforts to expand electricity access and promote clean cooking solutions for millions of households.
The Agency said Nigeria’s admission builds on more than a decade of cooperation that began in 2014 and will deepen collaboration in strategic areas, including energy security, clean energy transition, methane emissions reduction, electricity access and wider energy sector development.
Reaffirming Nigeria’s commitment to international cooperation, Ekpo said the country’s admission into the IEA underscores its growing relevance in shaping global energy policy and reflects its determination to work with development partners to strengthen energy security, expand access to affordable energy and build a sustainable future.
He expressed optimism that the new partnership would accelerate Nigeria’s energy transformation agenda while creating fresh opportunities for investment, innovation and inclusive economic growth.





