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NANS Protests Exclusion From NELFUND Board, Threatens Shutdown

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The National Association of Nigerian Students (NANS) has expressed strong discontent over its exclusion from the board of the Nigerian Education Loan Fund (NELFUND), demanding immediate inclusion or threatening to disrupt the board’s scheduled meeting.

In a letter dated February 13, 2025, addressed to NELFUND’s Managing Director, Akintunde Sawyerr, and Board Chairman, Jim Ovia, NANS President Lucky Emonefe described the exclusion of students as “completely unacceptable.”

READ ALSO: NELFUND Shares Key Roles In Advancing SDGs At Nigerian Tertiary Institutions Conference

The letter, titled ‘Final Demand for Student Representation in the Scheduled NELFUND Board’ and referenced NANS/VOL1/GA1/A254, was made public in Abuja on Saturday.

Emonefe insisted that students, as the primary beneficiaries of the fund, must be involved in decision-making processes, warning that NANS would take drastic action if its demand was ignored.

“We are writing to express our deep concern and outright discontent over the exclusion of students from the scheduled board meeting of the Nigerian Education Loan Fund,” the letter read.

“The National Association of Nigerian Students (NANS), as the apex student body representing over 50 million students across the country, will not stand idly by while critical decisions affecting our future are made in our absence.”

Citing the 2024 Student Loans (Access to Higher Education) Act, which provides for board membership from key ministries, regulatory bodies, and other stakeholders, including students, Emonefe argued that keeping students out of the decision-making process was unjustifiable.

“This fund was created for Nigerian students, and we will have a voice in how it is managed,” he declared.

“We are demanding, not requesting, the immediate inclusion of a student representative in this board meeting. Failure to accommodate this legitimate and reasonable demand will result in the total shutdown of the meeting venue by Nigerian students.”

He further stated that NANS would mobilize en masse to prevent the meeting from holding unless student representation was secured.

President Bola Tinubu signed the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024 into law in April last year, establishing NELFUND to provide financial support to students.

However, NANS insists that without their participation, the board cannot fairly or effectively administer the loan scheme.

With tensions rising, it remains to be seen whether the NELFUND leadership will address NANS’ demands or risk facing large-scale protests.

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JUST IN: Ex-Delta Governor Emmanuel Uduaghan Is Dead

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Former Delta State Governor, Dr Emmanuel Uduaghan, has reportedly died, according to sources said to be close to his family.

The sources confirmed the development on Monday, October 19, 2026, although details surrounding the circumstances of his death remained unclear as of the time of filing this report.

“Uduaghan is no more; he is dead,” one of the sources reportedly said.

SEE ALSO: Document reveals Akpoti-Uduaghan demanded N10b damages from husband before marriage, firm reacts

The reported death comes months after claims that the former governor had died circulated on social media before being dismissed by his media aide, Henry Unini.

In June, reports of Uduaghan’s alleged death spread across Facebook and WhatsApp, prompting Unini to publicly debunk the claims and assure the public that the former governor was alive.

“I can tell you for a fact that Dr. Emmanuel Uduaghan is alive,” Unini said at the time.

“Frankly, I don’t know where the writer got his information from. The death of someone is not something you take and write about casually,” he added.

Unini acknowledged at the time that Uduaghan had been experiencing health challenges but maintained that he was receiving medical attention.

“It is now common knowledge that Dr. Emmanuel Uduaghan has been sick, but he is receiving proper medical care,” the media aide said.

He also stated that the former governor was recuperating, assuring the public that there was no immediate cause for concern.

“There is no cause for alarm whatsoever,” Unini said.

The media aide thanked friends, well-wishers and residents of Delta State who contacted the family to verify the former governor’s condition. He also urged the public to avoid spreading unverified information.

“The rumour was uncalled for,” he said while addressing the earlier reports.

As of the time of filing this report, further details about the circumstances surrounding Uduaghan’s reported death had yet to emerge.

 

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Delta Begins ₦5bn Empowerment Scheme for 100,000 Beneficiaries

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Economic Hardship: Delta Protest Aborted, Soldiers Arrest Journalist

The Delta State Government has commenced a ₦5 billion grassroots empowerment programme targeting 100,000 small-scale business owners and other beneficiaries across the state’s 500 wards.

The initiative, announced on Monday, will see each beneficiary receive ₦50,000 to support small businesses, strengthen household finances and stimulate economic activities across the state.

SEE ALSO: Two Arrested as Delta Police Uncover Cache of Illegal Weapons

The Executive Assistant to the Governor on Public Enlightenment (Projects and Policies), Mr Olisa Ifeajika, disclosed this while speaking with journalists in Asaba.

Ifeajika explained that the programme was designed to complement the state government’s investments in critical infrastructure with direct financial assistance to residents.

According to him, Governor Sheriff Oborevwori directed local government councillors to facilitate the distribution of the funds, with each of the 500 wards expected to reach at least 200 beneficiaries.

He added that the initiative reflects the administration’s commitment to improving livelihoods and expanding economic opportunities for Deltans, in line with the people-centred objectives of the MORE Agenda.

 

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Alausa Hails Dangote Foundation’s Plan to Give Four Million Students IPO Shares

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The Minister of Education, Dr Maruf Tunji Alausa, has commended Alhaji Aliko Dangote and the Aliko Dangote Foundation for plans to acquire Initial Public Offering (IPO) shares of Dangote Refinery on behalf of eligible Nigerian tertiary institution students.

Alausa described the initiative as an innovative approach to promoting financial literacy, youth empowerment and wealth creation among young Nigerians.

According to a press release issued by the Federal Ministry of Education on Monday, October 19, 2026, the initiative is expected to benefit up to four million students aged 18 and above, with each eligible student expected to receive 10 IPO shares without requiring prior investment or share purchase.

The minister said the programme would expose students to capital markets, responsible investing and long-term financial planning, preparing them for greater economic participation and financial independence.

He noted that the initiative aligns with the Nigeria Education Sector Renewal Initiative (NESRI) and President Bola Ahmed Tinubu’s Renewed Hope Agenda by connecting education with enterprise, human capital development and inclusive economic growth.

According to Alausa, the initiative reflects the importance of partnerships between the education sector and private organisations in equipping young Nigerians with the knowledge and skills needed to participate in the economy.

He said the Federal Ministry of Education remained committed to strengthening private-sector partnerships to improve educational quality, relevance, equity and efficiency while preparing learners for a changing economy.

While appreciating the foundation’s contribution to youth development, the minister clarified that the ministry’s commendation was based on the initiative’s educational and developmental value.

He stressed that the ministry’s position “does not constitute an endorsement of any particular investment decision.”

Alausa also encouraged other corporate organisations to support similar initiatives that promote financial awareness, economic productivity and entrepreneurship among young Nigerians.

He urged businesses to support NESRI and the Renewed Hope Agenda in building a financially informed and economically productive generation.

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