The Federal Government says it has secured a loan facility of 134 million dollars from the African Development Bank (AfDB) to help farmers boost seeds and grain production in the country. The Minister of Agriculture and Food Security, Sen. Abubakar Kyari, made this known at the unveiling of the 2024/2025 National Dry Season Farming in…
President Bola Tinubu has written to the House of Representatives, requesting legislative approval for a new external borrowing plan of 21.5 billion dollars, alongside a domestic bond issuance of ₦757.9 billion for outstanding pension liabilities. The Speaker, Rep. Tajudeen Abbas read the request during plenary in Abuja. President Tinubu in the letter, highlighted the strategic…
The Nigerian Education Loan Fund (NELFUND) has mandated all tertiary institutions to reimburse tuition fees paid by students who were verified prior to receiving their loans. This directive aims to ensure that no verified student within the loan scheme is denied access to academic activities, including examinations, due to outstanding tuition payments. NELFUND’s Managing Director…
Gov Babajide Sanwo-Olu of Lagos State has unveiled the Lagos State Access to Finance for SMEs through Cooperatives (LASMECO) to provide access to finance for Small and Medium Scale Enterprises (SMEs) and registered cooperative societies in the state. Sanwo-Olu unveiled the initiative at the Adeyemi Bero Auditorium, Alausa, Ikeja, on Wednesday in partnership with Bank…
The Nigerian Education Loan Fund (NELFUND) has urged the South-South and South-East regions to enhance their involvement in the student loan program. This appeal was made during a stakeholders’ engagement session and technical workshop focused on system automation and the loan application process held in Abuja yesterday. NELFUND highlighted a significant gap in loan applications…
