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NELFUND Sensitises Ogun Residents As Education Loan Disbursement Hits N116bn

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The Managing Director of the Nigerian Education Loan Fund, Mr Akintunde Sawyerr, has urged residents of Ogun State to encourage their children in public institutions of higher learning to take advantage of the opportunities provided by the Federal Government’s education loan scheme, initiated by President Bola Tinubu.

Sawyerr revealed that NELFUND has so far disbursed N116bn as school fees and monthly stipends since the scheme began last year.

The NELFUND boss stated this on Friday during its sensitization program held at Ijebu Ife in Ijebu East Local Government area of the state.

According to him, Tinubu understands the importance of quality education, which is why he introduced the initiative to ensure that no Nigerian is denied access to tertiary education due to financial constraints.

Sawyerr said, “President Tinubu is committed to making life easier for all Nigerians. He understands the power of education because these developed countries that have gone ahead of us did not make such a leap because of the color of their skin, but because their foundation is rooted in education.

“So, our President has provided substantial funding to ensure our children go to school by accessing this students’ loan. We have so far disbursed N116bn since the program began.

“No parent or guardian should keep their children at home or deny them the opportunity to advance educationally because of lack of funds — that is now a thing of the past.

“I hereby encourage you all to go back home and help the Federal Government spread this good news. President Tinubu does not want to hear that our children cannot go to university, polytechnic, or college of education due to a lack of funds. NELFUND has taken care of that, so we should urge our children in higher institutions to apply for this education loan.”

The Executive Director of Finance and Administration, Dr Frederick Akinfala, also appealed to residents to encourage their children to embrace the Federal Government’s scheme, which aims to expand access to quality tertiary education across the country.

Akinfala dismissed rumors that beneficiaries’ certificates would be withheld after graduation or that they would be punished for defaulting on repayment, saying such claims were not part of the NELFUND establishment Act.

He therefore urged residents of the state — and Nigerians in general — to take advantage of the initiative, noting that sufficient funds had been made available to ensure its success.

The Chairman of Ijebu East Local Government, Dr Dare Kehinde, commended Tinubu for his foresight in establishing the students’ loan scheme, describing it as a major step toward expanding access to quality education and securing the nation’s future.

Kehinde disclosed that the local government would establish a support center to assist students in applying for the loan and guide them through the registration process.

NELFUND recently announced that applications for the student loan scheme had surpassed one million, marking one of the largest responses to a government-backed social intervention under the Tinubu administration.

The Director of Strategic Communications at the Nigerian Education Loan Fund, Oseyemi Oluwatuyi, said the milestone was achieved less than a year after the programmer’s launch on May 24, 2024.

He described the achievement as proof that the scheme is gaining strong national traction and public trust.

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Nigerian Gov Announces Fresh Public Holiday for Workers Across State

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The Ekiti State Government has declared Friday, June 19, 2026, a work-free day for public servants in the state.

Naija News reports that the government said the holiday was to enable workers to travel to their respective voting centres ahead of the governorship election scheduled for Saturday, June 20.

This was contained in a statement issued on Thursday by the Permanent Secretary to the Head of Service, Janet Ajibola.

“His Excellency, the Governor of Ekiti State, Biodun Abayomi Oyebanji, has graciously declared Friday, 19th June, 2026, as a work-free day for all public servants across the state,” the statement read.

Ajibola said the directive was addressed to commissioners, special advisers, the Secretary to the State Government, permanent secretaries, the Clerk of the House, heads of tertiary institutions, the Registrar of the High Court of Justice, general managers, executive secretaries and heads of departments.

“For the purpose of public safety and continuity of essential services, hospitals and health centres, fire service departments and other essential service providers are exempted and shall continue to provide appropriate services,” the statement added.

The Permanent Secretary urged heads of exempted essential institutions to ensure uninterrupted service delivery during the election period.

She also directed chief executive officers and accounting officers across state parastatals to ensure compliance and wide circulation of the directive.

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BREAKING: Mixed Reactions as Tinubu Announces Fresh Appointment

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The news of Kunle Elebute by President Bola Ahmed Tinubu as the chair of the Governing Board of the Financial Reporting Council of Nigeria (FRCN). has started generating reactions from Nigerians.

Kunle Elebute, a renowned chartered accountant and financial management consultant, as the chair of the Governing Board of the Financial Reporting Council of Nigeria (FRCN).

This was disclosed in a statement by the presidency on Thursday, June 18, adding that his appointment, adding that his appointment was meant to strengthen corporate governance, deepen accountability and transparency, as well as enhance the confidence of investors within the financial reporting ecosystem of Nigeria.

According to The Punch, Elebute is a fellow of the Institute of Chartered Accountants of Nigeria (ICAN) with over 40 years of professional experience in Nigeria, West Africa and the world at large. Elebute had earlier served as the senior partner and chief executive officer of KPMG Nigeria, the KPMG West Africa chairman and the chairman of KPMG Africa.

Also, he had served on the regional and global boards of KPMG, such as its Global Board Audit Committee.

In the statement, he was described as a highly respected professional with wide experience in financial advisory services, auditing, strategic transformation, risk consulting and corporate governance.

Below are some of their comments: 

Segun Benson said the appointment should have gone to another qualified person in another region of the country:  “I would have expected Mr President to appoint a qualified person from another region.. no shades.”

Dimeji Lawal said that Nigerians are on the lookout for the effect of the appointment: “The appointment is one thing. The impact of the appointment is what Nigerians will be watching.”

Danjuma claimed that Tinubu’s appointments are following a particular pattern of the late former president Muhammadu Buhari: “I like Tinubu for this, he is following the footsteps of Buhari, who fulanised Nigeria with his appointments.”

Shamsuddeen commended the appointment of Elebute by President Tinubu, describing it as wonderful: “That’s another wonderful selection by President Tinubu GCFR by appointing Mr Elebute. Congratulations sir.”

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Tinubu Makes Fresh Top Appointment

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Nigeria, Benin Sign Integration Pact

President Bola Tinubu has approved the appointment of Kunle Elebute as the Chairman of the Governing Board of the Financial Reporting Council of Nigeria.

Naija News reports that the appointment was disclosed in a statement signed by the Special Adviser to the President on Information and Strategy, Bayo Onanuga, on Thursday.

Mr. Kunle Elebute

Mr. Kunle Elebute

Elebute is a former Chief Executive Officer of KPMG Nigeria and previously served as Chairman of KPMG Africa.

During his illustrious career, he also served on KPMG’s regional and global boards, including its Global Board Audit Committee.

He is an accountant and economist with several decades of experience in auditing, financial advisory, corporate governance, and business consulting.

“Mr Elebute’s appointment comes at a pivotal time as the FRCN advances key institutional priorities, including ongoing engagements under the UK-Nigeria Enhanced Trade and Investment Partnership and broader efforts to align Nigeria’s corporate reporting framework with international best practices.

“The Federal Government is confident that his wealth of experience, leadership, and governance expertise will further strengthen the Council’s mandate and support the Renewed Hope Agenda’s objective of building a more transparent, competitive, and investment-friendly economy,” the statement added.

The Financial Reporting Council is the agency responsible for setting and enforcing accounting, auditing, actuarial, valuation, and corporate governance standards in Nigeria.

 

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