NELFUND spends N16bn monthly on students' upkeep, says Akintunde Sawyerr
Akintunde Sawyerr, managing director of the Nigerian Education Loan Fund (NELFUND), says the agency spends about N16 billion monthly on student upkeep.
Speaking on the sustainability of the student loan scheme on Monday, Sawyerr said that NELFUND had received about 1.8 million applications, processed about 1.5 million, and provided value to about 850,000 beneficiaries.
https://t.co/8nCnQpGESd
We are on the road to 5% . I believe from 2027 we will hit 5% by 2nd quarter after President Tinubu is sworn in.
I know some investors who are pausing action because they DO NOT WANT REVERSAL OF REFORMS....so once Tinubu wims the Financial markets will go crazy and investments will increase.
Bookmark 📌
STATEHOUSE PRESS RELEASE
President Tinubu welcomes reports of growth in GDP, assures of stronger microeconomic performance
President Bola Ahmed Tinubu welcomed the encouraging news on Monday from the National Bureau of Statistics, which shows that Gross Domestic Product for the second quarter of 2026 grew by 4.43 per cent, up from 4.23 per cent in the second quarter of 2025.
The report also shows growth in agriculture, manufacturing, the oil and gas sector, and the service sector, which now dominates the economy in terms of contribution to aggregate GDP.
In nominal terms, the country’s aggregate GDP in the second quarter stood at N119.27 trillion, up by 18.43 per cent from N100.7 trillion recorded at the same time last year.
President Tinubu said the report could not have come at a better time, as the opposition has been trying to diminish his administration's efforts since May 2023 and even promising to reverse the policies if, perchance, Nigerians voted for them.
“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy. Now the economy is stabilised, and we have laid the foundation for a prosperous nation. We didn’t do the reforms to create challenges, but to ensure prosperity reaches all our people.
“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working. Because of those tough decisions, today Nigeria has trade surpluses. Our foreign reserves are at their highest in 17 years. Our credit rating has moved up several notches. We are building roads, railways and superhighways that will last for a long time. Investors who left are returning. Oil and gas production is increasing. And in our universities - for the first time in a long time - there are no strikes. Our children are in class. And through NELFUND, student loans are putting education within reach, and affordable credit is going to our civil servants through Creditcorp.
“In the next few weeks, we are addressing some of the challenges being faced by our vulnerable population by providing cheaper means of transport, ramping up food production and implementing various relief programmes that will touch lives at the grassroots”.
“Under our watch, the economy is on the irreversible path to experience even more growth that all homes will feel at the dining table and in their pockets. We are not resting on our oars. We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens. We must stay vigilant by ensuring the sustainable progress we are recording remains irreversible”, President Tinubu stated.
Bayo Onanuga
Special Adviser to the President,
(Information and Strategy)
August 31, 2026
4.43% in Q2 2026.
This is the print I said would follow the reforms. We deal with the pains first, stabilisation next then full growth afterwards.
Agriculture 4.39%. Services 4.60%. Non-oil is doing the work many swore would never show up in the numbers.
GDP is moving. The unfinished job is getting this growth to the businesses that actually employ Nigerians.
Nigeria Forward 🇳🇬 💚
STATEHOUSE PRESS RELEASE
President Tinubu welcomes reports of growth in GDP, assures of stronger microeconomic performance
President Bola Ahmed Tinubu welcomed the encouraging news on Monday from the National Bureau of Statistics, which shows that Gross Domestic Product for the second quarter of 2026 grew by 4.43 per cent, up from 4.23 per cent in the second quarter of 2025.
The report also shows growth in agriculture, manufacturing, the oil and gas sector, and the service sector, which now dominates the economy in terms of contribution to aggregate GDP.
In nominal terms, the country’s aggregate GDP in the second quarter stood at N119.27 trillion, up by 18.43 per cent from N100.7 trillion recorded at the same time last year.
President Tinubu said the report could not have come at a better time, as the opposition has been trying to diminish his administration's efforts since May 2023 and even promising to reverse the policies if, perchance, Nigerians voted for them.
“In the past three years, we tried to do the hard part by implementing the necessary reforms to stabilise the economy. Now the economy is stabilised, and we have laid the foundation for a prosperous nation. We didn’t do the reforms to create challenges, but to ensure prosperity reaches all our people.
“The results of the efforts are becoming very clear to all: The Renewed Hope Agenda is working. Because of those tough decisions, today Nigeria has trade surpluses. Our foreign reserves are at their highest in 17 years. Our credit rating has moved up several notches. We are building roads, railways and superhighways that will last for a long time. Investors who left are returning. Oil and gas production is increasing. And in our universities - for the first time in a long time - there are no strikes. Our children are in class. And through NELFUND, student loans are putting education within reach, and affordable credit is going to our civil servants through Creditcorp.
“In the next few weeks, we are addressing some of the challenges being faced by our vulnerable population by providing cheaper means of transport, ramping up food production and implementing various relief programmes that will touch lives at the grassroots”.
“Under our watch, the economy is on the irreversible path to experience even more growth that all homes will feel at the dining table and in their pockets. We are not resting on our oars. We are fully committed to translating consistent, stronger economic performance into better microeconomic outcomes for our citizens. We must stay vigilant by ensuring the sustainable progress we are recording remains irreversible”, President Tinubu stated.
Bayo Onanuga
Special Adviser to the President,
(Information and Strategy)
August 31, 2026
I can see that the content creator has written an epistle about who knows what. He has resumed his “take back your country” campaign yesterday by visiting a church where spiritual issues were discussed to campaign.
This time around, he sought a new customer in Pastor Selman, since the ones that gave him platform in 2022-2023 found him out
He has been reduced to effigy of content creation, but he would rather push sentiments and vitriol
@PeterObi You have been on holidays since you left as governor so the busybody you are doing is not real job but desperate attempt to become president but that won’t happen 🤐🤐🤐🤐🤐🤐🤐🤐
FBI has no criminal record on Tinubu - Reno Omokri
Ambassador-designate Reno Omokri has dismissed reports that the FBI released criminal records on President Bola Ahmed Tinubu, describing the claims as false. He said FBI records on individuals do not necessarily indicate criminal activity, adding that a 2003 US Embassy response to an inquiry by then-IGP Tafa Balogun confirmed there were no criminal records involving Tinubu.
Source: X | renoomokri
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@OfficialAzzaki Relocate there . There is no Almajiri there . We don’t have thieves like Elrufai and Atiku there who stole like there is no tomorrow. They don’t marry Almajiri to another poor Almajiri. They don’t encourage kidnapping like you all do in the north and they are all Muslims too daft
I am delighted to receive the news that the fifteen members of the National Youth Service Corps and six other innocent and law-abiding Nigerians abducted last week in Kogi State by some criminal elements have regained their freedom.
The well-coordinated Search and Rescue (SAR) operation carried out by a combined team of personnel of the military, the Nigerian Police Force, the Department of State Services, and local vigilantes safely rescued all twenty-one abductees, made up of eight males and thirteen females, from the den of kidnappers in the forests of Ofu Local Government Area of Kogi State this afternoon. The corps members and other rescued individuals are currently receiving medical attention before they are reunited with their families.
While the abductees have been safely rescued, our gallant security forces are still on the trail of the routed kidnappers, in line with my directive to sustain the pressure on all criminal elements. Those responsible will face the full weight of the law, and our security agencies will pursue everyone who aided this crime. My administration remains committed to ensuring that every Nigerian can travel across our country without fear.
I wholeheartedly commend the combined SAR team for their courage and appreciate families and loved ones of the abductees for their understanding during the ordeals of their loved ones.
As I share in the relief and joy of the parents and loved ones of the rescued individuals, I want to once again, assure parents and loved ones of our dedicated corps members that my Administration remains committed to ensuring the safety of their lives and property, as well as those of other Nigerians.
God bless the men and women of our Security and Intelligence agencies.
God bless the Federal Republic of Nigeria.
Bola Ahmed Tinubu, GCFR
President and Commander-in-Chief of the Armed Forces
Federal Republic of Nigeria
@TheAjakeManger Tinubu don’t have to win Ibadan. All he needs is 40 % which he will easily get . Seyi will lose Ibadan because a vote for him is a wasted vote 🤐🤐🤐🤐🤐🤐