Tag: Annual

The Nigerian Education Loan Fund (NELFUND) has commended the Aliko Dangote Foundation for launching a landmark N100 billion annual scholarship programme designed to support more than 1.3 million Nigerian students in public secondary and tertiary institutions over the next decade. The initiative was unveiled in Lagos, with Vice President Kashim Shettima representing President Bola Ahmed Tinubu. NELFUND described the programme as a significant private-sector intervention that complements the Federal Government’s Renewed Hope Agenda and ongoing efforts to expand access to quality education nationwide. Managing Director and Chief Executive Officer of NELFUND, Mr Akintunde Sawyerr, praised the Dangote Foundation for its visionary leadership and alignment with national education reform objectives. He noted that the scholarship scheme, which includes a strong focus on Science, Technology, Engineering and Mathematics (STEM), will help ease financial pressures on students while contributing to the development of a skilled, future-ready workforce. “On behalf of NELFUND, we commend President Bola Ahmed Tinubu for promoting collaborative approaches that strengthen Nigeria’s education sector,” Sawyerr said. “This landmark initiative will significantly boost national education financing and ensure that no Nigerian is denied access to education due to financial limitations.” NELFUND also expressed its readiness to collaborate with the Dangote Foundation and other stakeholders to guarantee transparency, efficiency and maximum impact in the implementation of the scholarship programme. The Fund emphasised the importance of strong partnerships between government, the private sector and development partners in building a sustainable and inclusive education system, in line with President Tinubu’s call for shared responsibility in national development. NELFUND congratulated the Dangote Foundation once again and expressed confidence that the initiative will have a lasting positive impact on Nigeria’s education sector.