The Nigerian Education Loan Fund, one of the administration’s flagship education initiatives, has processed 1,659,853 student loan applications.
The report put total disbursements at N372.62 billion, comprising N192.89 billion for tuition fees and N179.73 billion for students’ upkeep allowances across 319 tertiary institutions.
The government also highlighted its resolution of the long-running dispute involving the Academic Staff Union of Universities (ASUU), alongside the implementation of an agreement providing a 40 per cent increase in academic staff remuneration and improved welfare benefits.
In addition, the Tertiary Institutions Staff Support Fund has disbursed N28 billion to 15,000 workers across 153 public institutions.
The scheme provides eligible workers with loans of up to N10 million to support housing, healthcare, transportation and education.
N110bn investment in medical and science education
The Federal Government is also investing N110 billion in the rehabilitation of 18 federal medical schools across the six geopolitical zones.
The report further revealed that nursing enrolment increased from 81,480 in 2023 to 114,300 in 2025.
Meanwhile, 20 science, technology, engineering, mathematics and medical sciences (STEMM)-focused tertiary institutions have been approved, while 12 engineering and technology faculties are targeted for rehabilitation.
N2.5bn for student entrepreneurs
Beyond classroom learning, the government said it had committed funds to research, innovation and entrepreneurship.
The National Laureate Prize provides N365 million annually to support research and innovation, while the Student Venture Capital Grant has disbursed more than N2.5 billion to 45 student entrepreneurs.
Each beneficiary can access up to N50 million in equity-free funding.
Entrepreneurship certification is also ongoing in 14 federal universities, while the Diaspora BRIDGE initiative has registered 1,141 Nigerian experts abroad and reached 16,675 students across 107 tertiary institutions.
Speaking on the reforms, the Minister of Education, Dr Tunji Alausa, said the success of the administration’s policies should be judged by their impact on students, teachers and educational institutions rather than the amount of money allocated or the number of programmes introduced.
“Our measure of success is not merely the amount of money allocated to education or the number of programmes introduced. It is the difference these interventions make in the lives of our children, students, teachers and institutions,” he said.
