NEWS
NELFUND Row: ‘₦20,000 A Month, Not A Year’ — Omokri Replies Dino Melaye
Former presidential aide and political commentator, Reno Omokri, has responded to criticism of the Nigerian Education Loan Fund (NELFUND) by ADC chieftain Dino Melaye, clarifying that the ₦20,000 received by the lowest-paid students under the scheme is a monthly allowance, not an annual payment.
Omokri made this known in a post on X on Tuesday while responding to Melaye’s criticism of the Federal Government’s student loan programme.
RELATED NEWS: ‘NELFUND Is A Haven Of Corruption’ — Dino Melaye Blasts Tinubu Govt
“Dear Distinguished Senator @_dinomelaye, thank you for your feedback. However, please note that the lowest-paid student on the NELFUND Student Loan Scheme receives ₦20,000 a MONTH, not ₦20,000 a YEAR, as you alleged in this video,” Omokri wrote.
He said this means the minimum amount received by such students over a year is ₦240,000.
“In a year, the minimum that students on the program get is ₦240,000,” he added.
Omokri also claimed that more than one million students are beneficiaries of the programme, with many recipients from Northern Nigeria, where he said average annual university tuition is about ₦100,000.
He cited a student of the Federal University, Dutse, Jigawa State, whose annual school fees he said amount to ₦84,000.
“Please find attached an actual screenshot of a monthly NELFUND alert paid to a student admitted to the Federal University, Dutse, Jigawa State, where his total annual school fees are ₦84,000,” Omokri said.
According to him, the payment was made in September 2026, adding that he would privately provide the student’s details to Melaye for verification.
Omokri described the programme as beneficial to Nigerian students, saying it had enabled more than one million students to enrol in universities.
“The NELFUND Student Loan Program is a lifesaver for Nigerian students,” he said.
He also urged critics to avoid turning the programme into a political issue.
“Perhaps, as patriotic citizens who love Nigeria and want the best for her, we can avoid undermining this lofty idea by not politicising it,” Omokri said.
Melaye’s Earlier Criticism
Omokri’s response followed criticism from Melaye, who described NELFUND as a “haven of corruption” and questioned the Federal Government’s claim that it was paying students’ school fees.
Melaye alleged that hundreds of billions of naira allocated to the programme were not being properly accounted for.
“The entire program is a baggage of fraud,” Melaye said, challenging the government to provide greater transparency over the scheme.
He also questioned the adequacy of the ₦20,000 payment, asking: “Which government school today takes ₦20,000 annual school fees?”
Melaye argued that students also have transportation and other educational expenses to meet.
He cited a student living in Suleja and attending the University of Abuja in Gwagwalada, saying the amount “cannot take him from Suleja to Gwagwalada and back home.”
The ADC chieftain further challenged NELFUND to disclose its beneficiaries and provide details of its monitoring and evaluation mechanisms.
“What is the monitoring and evaluation? I challenge them to publish the names of Nigerian students that have benefited from that program,” he said.
NEWS
JUST IN: Ex-Delta Governor Emmanuel Uduaghan Is Dead
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.
NEWS
Delta Begins ₦5bn Empowerment Scheme for 100,000 Beneficiaries
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.
NEWS
Alausa Hails Dangote Foundation’s Plan to Give Four Million Students IPO Shares
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.





