African Democratic Congress, ADC, chieftain, Dino Melaye, has alleged corruption in the running of the Nigerian Education Loan Fund, NELFUND, and the Federal Government’s student loan scheme under President Bola Tinubu.
Melaye described NELFUND as a “haven of corruption” while questioning the adequacy of the N20,000 monthly upkeep allowance provided to student beneficiaries.
He also challenged the administration’s description of the scheme as an initiative to pay students’ school fees, arguing that N20,000 could not reasonably cover annual tuition in government-owned tertiary institutions.
“Which government school takes N20,000 as annual school fees?” Melaye asked.
“Why is Tinubu claiming he’s paying students’ school fees when he’s giving them only N20,000?”
Melaye’s remarks have added to the growing debate over the implementation and impact of the student loan scheme, particularly whether the financial support being provided is sufficient to ease the burden on students and their families amid rising education-related costs.
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NELFUND haven of corruption, giving students only N20,000 — Dino Melaye