Education
Students to Begin Receiving NELFUND Loans Next Week, Says Managing Director
Published
2 years agoon
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admin
Students across tertiary institutions who have successfully applied for the Federal Government’s loan scheme will soon start receiving credit alerts, beginning next week, announced the Nigerian Education Loan Fund (NELFUND).
In an interview on Channels Television’s Politics Today, monitored by Mega Icon Magazine, NELFUND Managing Director Akintunde Sawyerr disclosed, “The people who are going to first receive alerts as early as next week are the people who are about to start a new session in the institution they are in.”
Sawyerr clarified that other successful applicants will receive their credit alerts once the academic sessions commence in their respective institutions.
The Managing Director’s comments came shortly after the launch of the Nigerian Education Loan Fund (NELFUND) by President Bola Tinubu at the State House in Abuja. Sawyerr reported that out of 170,000 applicants from universities, polytechnics, and colleges of education, 110,000 have completed the necessary processes.
He detailed that there are two categories of beneficiaries: institutions receiving payments on behalf of successful applicants and the students themselves, who will receive a monthly stipend.
“A formal launch of the disbursement circle played out at the State House on Wednesday,” Sawyerr confirmed.
Highlighting the program’s objectives, Sawyerr emphasized its role in nurturing future leadership and enhancing Nigeria’s socio-economic landscape.
He further stated, “To be precise, about 110,000 students have successfully applied. They’ve put in their applications and verified as being bona fide and eligible applicants. But we’ll still carry out further verification to make sure they are well-qualified to receive these loans. But over 110,000 are likely to begin to receive disbursement from next week.”
Regarding eligibility requirements, Sawyerr outlined that applicants must possess Joint Admissions and Matriculation Board (JAMB) numbers, matric numbers, Bank Verification Numbers (BVN), and National Identification Numbers (NIN), among other criteria.
“The current exposure to students is about N35 billion. We’ve got much more than that sitting in our accounts that we can disburse, and we’ve also got some funding on the way. Remember, we are getting 1% of Federal Inland Revenue Service taxes and we also can receive funding from other sources,” Sawyerr concluded.
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Education
Federal Poly Ayede’s Rector Abdul-Hameed bags national award
Published
2 weeks agoon
February 20, 2026By
adminThe Rector of the Federal Polytechnic, Ayede (FEDPA), Oyo State, Dr. Taofeek Abdul-Hameed, has been honoured with the Leadership Excellence and Education Icon Award in recognition of his contributions to the education sector and national development.
The award was presented by Bollyjoe Media Communications Ltd, a media and communications firm based in Abuja, the nation’s capital on Wednesday.
Presenting the award, the Managing Director/Chief Executive Officer of the firm, Joseph Uzuakpundu Bollyjoe, said Abdul-Hameed was recognised for his selfless service and transformative leadership within Nigeria’s polytechnic education system.
He noted that under the Rector’s stewardship, the Federal Polytechnic, Ayede, had witnessed strategic reforms aimed at strengthening academic standards and promoting institutional stability.
According to him, the Rector’s policies have repositioned the institution for sustainable growth and aligned its technical education programmes with global best practices.
Since assuming office, the Rector has prioritised infrastructural development, administrative discipline and innovation-driven governance, earning commendations from stakeholders.
Reacting to the honour, Abdul-Hameed, described the award as a motivation to further deepen reforms and consolidate on existing achievements.
“This recognition is not just personal; it reflects the dedication of our management, staff and students who share the vision of building a globally competitive institution,” the Rector said.
He added that the polytechnic would remain committed to excellence, integrity and continuous development in line with national educational aspirations.
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Education
Tinubu hails Ayede Polytechnic’s growth as 325 graduates
Published
3 weeks agoon
February 14, 2026President Bola Tinubu on Thursday described the Federal Polytechnic Ayede as the best-performing among federal polytechnics established in 2021, commending its infrastructural expansion and academic stability as the institution graduated 325 students at its maiden convocation ceremony.
Tinubu, who is the Visitor to the institution, was represented by the Director, Polytechnics and Allied Institutions, Dr. Usman Ejeh. He said the polytechnic’s achievements within five years were “remarkable and strategic,” adding that its growth aligns with the Federal Government’s reform agenda for technical and vocational education.
“The Federal Polytechnic Ayede has distinguished itself among its peers established in 2021. Its commitment to infrastructure, skills acquisition, and academic stability clearly positions it as a model institution,” he said.
The President noted that his administration had introduced key reforms, including the students’ loan scheme under the Nigerian Education Loan Fund, curriculum modernisation, infrastructural renewal, and digital skills expansion to reposition the education sector.
“We are determined to build institutions that will produce innovators, entrepreneurs, and solution providers for our economy,” he added, urging the management to consolidate on existing gains.
Earlier, the Rector, Dr. Taofeek Abdul-Hameed, described the combined convocation for the 2023/2024 and 2024/2025 academic sessions as a defining milestone in the institution’s history.
“We gather here today to officially present to the world the first set of graduates produced by the Federal Polytechnic Ayede. This indeed calls for celebration,” he said.
The rector expressed appreciation to Tinubu for policies aimed at strengthening technical education and acknowledged the support of regulatory and funding agencies, including the National Board for Technical Education and the Tertiary Education Trust Fund, for accreditation and infrastructural interventions that accelerated the institution’s development.
He disclosed that 138 students graduated in the 2023/2024 session and 187 in the 2024/2025 session, bringing the total number of graduands to 325.
According to him, Miss Taiwo Ibukunoluwa Arinola of Science Laboratory Technology and Mr. Olapese Quadri Ayofe of Agricultural Technology emerged as the overall best graduating students for their respective sessions with a cumulative grade point average of 3.96.
Beyond the award of National Diploma certificates, Abdul-Hameed said each graduand obtained at least two additional vocational certifications through the Centre for Skills Acquisition and Entrepreneurship Development.
“Our graduates are not just job seekers but employers of labour. We have deliberately equipped them with relevant entrepreneurial and technical competencies,” he said, adding that 68 major projects had been executed across the temporary and permanent sites through TETFund interventions, Federal Government appropriations, and donor support.
The projects, he said, include a main administrative building, ICT centre, health centre, engineering workshops, and improved power infrastructure, while the institution also recorded over 64 research projects and nine TETFund-supported fabrication innovations. He also reaffirmed the polytechnic’s resolve to relocate fully to its permanent site in Ayede, Ogo-Oluwa Local Government Area, and appealed for improved access roads and hostel accommodation.
In his remarks, the Chairman of the Governing Council, Hon. Yakubu Dati, described the ceremony as a celebration of vision and collective commitment, urging government, corporate organisations, and well-meaning Nigerians to support the institution with critical infrastructure, particularly road networks and student hostels, through direct intervention or Public-Private Partnership arrangements. He commended the Federal Government, the Oyo State Government, and the host community for sustaining a peaceful environment, and appreciated the Executive Chairman of the Nigeria Revenue Service, who was also the guest lecturer, Dr. Zacch Adedeji, for supporting the construction of an access road to the institution.
Fellowship awards were conferred on the Speaker of the House of Representatives, Tajudeen Abbas; the Executive Chairman of the Nigeria Revenue Service, Dr Zacch Adedeji; and Dr Abubakar Isa.
The event attracted traditional rulers, including the Soun of Ogbomosoland, Oba Afolabi Ghandi Olaoye; the Timi of Ede, Oba Adesola Munirudeen Lawal; and the Aresa of Iresapupa, Oba Moses Olayiwola Ajiboye, as well as Senators Ayo Adeseun, Abdulfatai Buhari, prominent Ogbomoso leaders, rectors of sister polytechnics, scholars, and other dignitaries.
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Education
Oyo: Speaker Abbas, NRS Chair, Adedeji to Attend Ayede Polytechnic’s Maiden Convocation as 325 Set to Graduate
Published
4 weeks agoon
February 9, 2026The Speaker of the House of Representatives, Rt Hon Tajudeen Abbas, and the Executive Chairman of the Nigeria Revenue Service (NRS), Dr. Zacch Adelabu Adedeji, will on Thursday grace the maiden combined convocation ceremony of the Federal Polytechnic, Ayede, Oyo State, where no fewer than 325 students will be awarded National Diploma certificates.
The Pioneer Rector of the Polytechnic, Dr. Taofeek Abdul-Hameed, disclosed this on Monday during a pre-convocation press conference at the institution’s Permanent Site in Ayede, describing the event as “a defining milestone” in the history of the young federal institution.
“This is the first convocation of the Federal Polytechnic, Ayede, since its establishment on January 19, 2021, and it marks our transition from take-off to consolidation,” the Rector said.
Abdul-Hameed said the speaker would chair the convocation lecture, while the NRS boss, Adedeji would deliver the lecture titled, ‘The Role of Technology in Implementing Nigeria’s New Tax Laws: Challenges and Prospects’, noting that the calibre of invited dignitaries reflected the institution’s rising national profile.
“The presence of the Speaker of the House of Representatives and the Executive Chairman of the Nigeria Revenue Service underscores the growing relevance of the Polytechnic in national development discourse,” he said.
According to the Rector, the combined convocation covers the 2023/2024 and 2024/2025 academic sessions and will span six days, featuring a novelty football match, convocation lecture, award of National Diploma certificates, and the conferment of fellowship honours.
He disclosed that 138 students completed their programmes in the 2023/2024 academic session, while 187 students graduated in the 2024/2025 session, bringing the total number of graduands to 325.
On academic expansion, Abdul-Hameed said the Polytechnic commenced academic activities in 2023 with four National Diploma programmes but has grown to run 13 fully accredited ND programmes across five schools.
“We currently operate across the Schools of Engineering, Environmental Technology, Management Sciences, Science and Technology, and Agricultural Technology, all with full NBTE accreditation,” he stated.
The Rector attributed the institution’s rapid growth to sustained support from the Federal Government under the Renewed Hope Agenda of President Bola Ahmed Tinubu, alongside interventions from the Federal Ministry of Education, the National Board for Technical Education, and the Tertiary Education Trust Fund.
“These interventions have strengthened our capacity in programme accreditation, staff development, and infrastructure delivery,” he said.
Abdul-Hameed further revealed that the Polytechnic had executed 68 major infrastructural, ICT, and utility projects across its Permanent and Temporary campuses, adding that work was ongoing on the access road linking the Permanent Site from Idi-Araba.
“While we have made significant progress, we still require support in access roads, student hostels, power supply, water facilities, and digital infrastructure to sustain our growth,” the Rector appealed.
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