Tinubu’s NELFUND Student Loan: A Trap, Not an Achievement

When I see people celebrating Tinubu’s NELFUND student loan, I shake my head. As president, he raised federal university fees from about ₦50k to over ₦200k. Hostel, handouts, and departmental dues all jumped. Students began dropping out and parents cried. Then the government offered loans to cover the new fees. But this is not help—it is debt. Graduates must pay back after NYSC in a country with sky-high unemployment. Instead of fixing jobs, power, or hospitals, the policy traps young Nigerians in long-term debt. Education now feels reserved for the rich, while the rest borrow, graduate, and struggle for at least a decade.

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