We’ll sustain NELFUND, channel EFCC recoveries into student loans, Tinubu says
President Bola Tinubu has vowed to sustain the Nigerian Education Loan Fund (NELFUND), describing the student loan scheme as a major tool for tackling poverty and expanding access to education.
Tinubu said all funds recovered by the Economic and Financial Crimes Commission (EFCC) from financial irregularities would continue to be channelled into the scheme to support Nigerian students.
The President spoke on Tuesday at the All Progressives Congress (APC) presidential campaign rally at Dutse Township Stadium, Jigawa State.
“NELFUND is our weapon against poverty. And we will continue in that direction. We will continue,” he said.
He added that recovered funds and assets would be invested in the education loan scheme.
“Every money recovered from irregularities by the EFCC is now directed to NELFUND to educate our children. Every asset coveted through irregularities will be invested in NELFUND,” Tinubu said.
The President also defended the removal of petrol subsidy, dismissing calls for its reinstatement and arguing that the government could not meet its financial obligations if the policy were reversed.
“Those who think they should bring subsidy back, they are liars. How will you pay for those commitments? How will you repair the roads? How will you maintain them? How will you function?” he asked.
