30% of TETFund allocation to NELFUND for improved access to tertiary education in Nigeria.

The Nigerian government plans to allocate 30% of the Tertiary Education Trust Fund (TETFund) to the Nigerian Education Loan Fund (NELFUND) to improve access to tertiary education for students regardless of financial background. This funding shift will redirect resources from infrastructure projects to support student loans, allowing public institutions to retain their revenues for operational needs. The initiative is part of proposed amendments to enhance educational funding and infrastructure.

September 25, 2024
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