₦104 billion student loan disbursed as TETFund receives ₦940 billion in 2025 budget
President Bola Tinubu has announced that more than ₦104 billion has been distributed through his administration’s student loan initiative, benefiting 600 students across Nigeria.
Speaking on Saturday, February 1, 2025, at the 33rd Convocation Ceremony of the Federal University of Technology, Minna, Niger State, Tinubu highlighted his government’s commitment to improving access to education.
According to reports, he was represented at the event by Hajiya Rakiya Gambo Ilyasu, a Director in the Federal Ministry of Education.
The President also revealed that ₦940 billion has been allocated to the Tertiary Education Trust Fund (TETFund) in the 2025 budget as part of efforts to revamp the education sector.
Reaffirming his commitment to ensuring financial barriers do not hinder students, Tinubu stated:
“We remain resolute in addressing challenges in the education sector, including ensuring industrial harmony in universities.”
He urged higher institutions to embrace the student loan scheme, assuring that the initiative would expand to accommodate more students in the coming months.
Addressing the graduating students, Tinubu encouraged them to apply their skills and knowledge toward innovation and national development.
“You have been equipped with knowledge and skills to innovate and contribute to society. Let integrity, resilience, and purpose guide your endeavors. Aspire to greatness, avoid vices, and make Nigeria proud,” he said.
The President emphasized that his administration is working diligently to strengthen the economy and security, ensuring a conducive environment for young Nigerians to thrive.
“Let us remain united in our shared vision of a prosperous, united, and resilient Nigeria,” he added.
Tinubu also called on universities to strengthen partnerships with industries, emphasizing the need for research to align with national and societal needs.
