Education
Exchange Rate Crisis: TETFund to suspend foreign scholarship

Exchange Rate Crisis: TETFund to suspend foreign scholarship
The Tertiary Education Trust Fund (TETFund), on Tuesday, said it plans to suspend foreign scholarships for Nigerian students because of the current exchange rate crisis.
The Executive Secretary of TETFund, Sonny Echono said this on Tuesday when he appeared before the House of Representatives Ad-hoc committee investigating the alleged mismanagement of N2.3tn tertiary education tax by TETFund.
Echono also revealed that over 137 students sponsored abroad by the fund absconded.
He stressed that the scholars who were sponsored by TETFund for “higher education” abroad refused to return to the country after completing their programmes.
In his words, “Some of the scholars that have been sponsored, unpatriotically when they go, they enjoy our scholarship, acquire a higher degree, then refuse to come back, it has become a major crisis.
“The scholarship requires that you will come back. It is required that you have a guarantor and in many cases, the guarantor has suffered undue hardship because when you disappear, we hold the guarantor to pay all the money expended on your behalf but that has not been effective.”
He also revealed that TETFund is working with stakeholders for “stringent and effective measures” to be taken against those who refuse to return to the country for Nigerians to benefit from their expertise.
“We believe that in a system where we work with our embassies and the institutions, we can enforce the repayment for those who insist they will not come back,” he said, adding that if the scholars who don’t want to return to the country refuse to repay the money expended on their programmes, they will be declared persona non grata.
“We will write to the embassies and they will make it available to those countries and they will not be able to get jobs. They will be seen as fugitives of law from their countries.
“We may have to take that hard stand because the numbers are alarming. We just checked about 40 institutions and over 137 absconders and the review is ongoing.
“It is a huge number that we cannot afford and so we will be seeking your support to strengthen some of the existing regulations to ensure that those who benefit from this programme must come back.
“We are not against people looking for greener pastures but do so on your own, not through our scholarship or our sponsorship.”
Speaking on the plan to suspend foreign scholarship due to the exchange rate crisis, Echono said that some of the taxes are paid to TETFund in foreign currencies at the account domiciled with the Central Bank of Nigeria but when fees are to be paid for scholars abroad, the apex bank insists on TETFUND sourcing Forex by itself.
He said: “We operate a system where our forex is being sold on our behalf at an official rate and we apply like anybody else to get it, sometimes it leads to additional cost.
“Currently as I speak, we are in consultations with all our stakeholders to suspend foreign training for a year or two.
“This is because of the recent exchange rate adjustments. We are unable to continue based on our disbursement guidelines.
“The money we allocated in naira cannot cover the dollar requirement for training. For those who are currently there, we now need more naira to pay for the dollar that is required for their annual fees. We are trying to put a hold.”
According to Echono, most of TETFund’s training will now be done locally through “our experienced, first-generation universities and other specialised universities” in the country.
“This way we can retain our resources in-house and cope with the change of foreign exchange variation,” he added.
Echono, who also revealed the federal government was owning TETFund N371.3 billion out of which it has repaid N46 billion so far, denied the allegations that TETFund mismanaged the N2.3tn fund.
Exchange Rate Crisis: TETFund to suspend foreign scholarship
Education
Nafisa Spoke, the World Listened, And Nigeria Shined

Nafisa Spoke, the World Listened, And Nigeria Shined
By Matthew Eloyi
When I first read about 17-year-old Nafisa Abdullah Aminu emerging as the World Best in English Language Skills at the 2025 TeenEagle Global Finals in London, I paused, read it again, and then sat quietly, moved in a way I haven’t been in a long time. In that moment, I wasn’t just a Nigerian reading a piece of good news; I was a Nigerian filled with pride, hope, and a renewed belief in our greatness.
Let me be honest: in a country weighed down by insecurity, economic hardship, and a struggling educational system, it’s easy, too easy, to become cynical. But Nafisa’s victory pierced through that fog of despair and reminded me why I have always believed in this country, despite everything.
Think about it: this young girl, from Yobe State, a region often reduced to a footnote in conversations about insecurity and poverty, stood on a global stage in London, not just to participate, but to conquer. She didn’t just win a medal. She defeated over 20,000 participants from 69 countries, including from places where English is a first language.
Let that sink in.
As someone who has spent years writing, editing, and advocating for better education in Nigeria, I understand just how powerful and rare this kind of achievement is. I see myself in Nafisa, in her curiosity, her hunger for knowledge, and her refusal to be boxed in by circumstance. Her story makes me emotional, not just because it’s inspiring, but because it reminds me of the many gifted Nigerian children who never get the chance to shine. Nafisa represents them, and she represents what’s possible when we choose to invest in our youth.
I am also deeply moved by the humility and grace of the Aminu family, who publicly acknowledged the role of Governor Mai Mala Buni’s educational reforms and the impact of Nigerian Tulip International College in preparing their daughter for the global stage. This wasn’t a solo journey; it was a collective effort rooted in family values, good governance, and dedicated educators.
“We cannot take all the credit,” they said. And in that simple statement, they reminded me that when leadership, community, and family work together, magic happens.
Nafisa’s win isn’t just a win for Yobe State. It’s not even just a win for Nigeria. It’s a resounding answer to every doubt we’ve ever had about our potential as a nation. Her victory tells every Nigerian child that “you are enough, and the world will hear your voice if you dare to speak it.”
As I write this, I think about the millions of young girls in the North and across Nigeria who will see Nafisa’s face and think, “If she can do it, so can I.” That, right there, is the power of representation.
I join the growing chorus of voices calling for State and National Honours for Nafisa. We must celebrate her not just with headlines, but with action, by investing more in education, giving scholarships, and ensuring that no child with potential is left behind because of geography, gender, or poverty.
To Nafisa, if you ever read this, know that you didn’t just win a competition; you reignited a nation’s pride. You gave us something we desperately needed: a reason to believe again.
And to Nigeria, this is who we are: brilliant, resilient, and unstoppable when given a chance.
Nafisa didn’t just make Yobe proud. She made me proud. She made us proud.
Education
NELFUND Begins Upkeep Payments to Over 3,600 Students After Bank Detail Update

The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of upkeep payments to students who successfully updated their bank account details from digital wallets to commercial bank accounts.
This was announced in a statement released on Friday in Abuja by the Director of Strategic Communications of the Fund, Mrs. Oseyemi Oluwatuyi.
Oluwatuyi described the development as a significant breakthrough in addressing earlier disbursement delays.
“Over 3,600 students, who previously registered with digital-only banking platforms, have now successfully received their backlog of upkeep payments after updating their details to conventional commercial bank accounts on the NELFUND portal,” she stated.
“We appreciate the patience and understanding of all affected students during this period. Your resilience and cooperation have made this progress possible,” she added.
The NELFUND spokesperson advised students who have yet to update their bank details to raise a support ticket via the official NELFUND portal to request access for the update.
She further urged affected students to report through the IT office of their respective institutions, which would compile and forward all related cases to NELFUND for prompt resolution.
“NELFUND remains committed to ensuring that no eligible student is left behind. This resolution process is part of our broader effort to enhance the efficiency, transparency, and student-centered delivery of our support services,” she said.
Oluwatuyi encouraged students to continue engaging only through official NELFUND channels and to assist their peers who may need help navigating the update process.
She also provided contact options for inquiries, stating that the fund can be reached via email at info@nelf.gov.ng or through its official social media handles: X (formerly Twitter) @nelfund; Instagram @nelfund; and Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND.
Education
NELFUND Urges Institutions to Upload Student Data for Loan Processing

The Nigerian Education Loan Fund (NELFUND) has issued a directive to all accredited tertiary institutions to verify and upload their students’ data on the newly digitised Student Loan Application System (SLAS).
This was disclosed in a statement released in Abuja on Wednesday by the Director of Strategic Communications at NELFUND, Mrs Oseyemi Oluwatuyi.
According to Oluwatuyi, the SLAS platform has been fully digitised to streamline and accelerate the student loan processing experience for both institutions and applicants.
“With this upgrade, all accredited institutions are now required to request access to SLAS to verify and upload student data related to loan applications,” she said.
She described the move as “a critical step that ensures the timely processing and disbursement of approved student loans.”
Institutions that have not yet been onboarded onto the system, she said, are advised to send an access request to registration@nelf.gov.ng without delay.
“Once granted access, institutions will be able to view a real-time dashboard of their students’ loan applications, verify submitted data, and track the status of each application,” Oluwatuyi explained.
She called on all institutions to take immediate action in the interest of their students, stressing that verification and data upload by institutions are mandatory steps before final approval and disbursement of loans can be completed.
On the students’ side, Oluwatuyi noted that if an application status currently shows “Verified,” it means the application has passed initial checks. However, final approval and disbursement depend on the institutions’ confirmation and data upload.
“Once this process is completed, your status will be updated to ‘Disbursed’ when the payment of your fees has been processed,” she added.
She also encouraged students to reach out to the fund for assistance via email at info@nelf.gov.ng.
Other official communication channels include:
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X (formerly Twitter): @nelfund
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Instagram: @nelfund
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Facebook & LinkedIn: Nigerian Education Loan Fund – NELFUND
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