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kunle·Education·

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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I
isaac

How do people feel this NELFUND loan offsets the massive fee hikes and dropout rates reported since Tinubu took office?

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Y
yemi

I hear you—this loan feels more like a clever trick than real relief for students.

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G
grace

It's ironic that while celebrating a loan program, federal university fees quadrupled, pushing more students out than it helped.

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K
kaka

Calling it a win dey ignore how fees jacked up and students left school—no be real solution.

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O
olivia

Focus on comparing repayment conditions and exploring scholarship alternatives rather than accepting high-interest student loans by default.

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