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The Nigerian Education Loan Fund (NELFUND) is a pivotal financial institution established under the Student Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024. [1] It was signed into law by President Bola Tinubu on 3 April 2024, marking a historic step towards ensuring sustainable higher education and functional skill ...
Tertiary Education Trust Fund, abbreviated as TETFUND, is a scheme established by the Federal Government of Nigeria in 2011 to disburse, manage, and monitor education tax to government-owned tertiary institutions in Nigeria. [1] [2] The TETFUND scheme was formed as a product of the Education Tax Act of 1993. This Act repeals the Education Tax ...
The Office of the Secretary to the Government of the Federation (SGF), which is domiciled in the presidency, also has some agencies under it. They are: Nigerian Christian Pilgrim Commission [6] National Lottery Trust Fund [7] Nigeria National Merit Award
The Education Department (ED) provided a first look at the student loan forgiveness application on Tuesday, but did not say exactly when the form would go live for borrowers to fill out.
A student loan is a type of loan designed to help students pay for post-secondary education and the associated fees, such as tuition, books and supplies, and living expenses. It may differ from other types of loans in the fact that the interest rate may be substantially lower and the repayment schedule may be deferred while the student is still ...
The House Committee on Aids, Loans, and Debt Management was established as part of the legislative framework for managing Nigeria's external financial obligations. The committee was formed to ensure transparency and accountability in the handling of loans, foreign aids, and debt management within the federal government.
The Federal Ministry of Education is a part of the Federal Ministries of Nigeria. It regulates secondary and tertiary education in Nigeria . Its headquarters office is located at Block 5A (8th Floor), Federal Secretariat Complex, Shehu Shagari Way, Central Area, P.M.B. 146, Garki, Abuja .
The Nigerian Government provided an additional $1.3 billion from its budget to create the social safety net programs which came to be known as the National Social Investment Program. Since then, over 4 million Nigerians have directly benefited from job training, financial assistance, and social development through these programs.