The Nigerian Education Loan Fund (NELFUND) has revealed plans to introduce a centralized job portal by 2026 aimed at helping student loan recipients secure employment opportunities both locally and abroad.

This initiative forms part of broader strategies to strengthen the effectiveness of the student loan program and guide graduates toward financial stability.

While speaking at a media briefing in Abuja to commemorate one year since the loan scheme’s inception, NELFUND’s Managing Director, Akintunde Sawyerr, clarified that although the agency does not promise jobs, the planned job portal is intended to ease graduates’ entry into the workforce.

Sawyerr mentioned that the portal will compile job listings from government bodies, private companies, and foreign employers interested in hiring Nigerians.

We don’t just give a loan and leave students on their own. This job portal is our way of supporting their journey towards economic stability, he said

No repayment without employment

Sawyerr reaffirmed that repayment of student loans will only begin when beneficiaries secure employment and have completed their National Youth Service Corps (NYSC).

If you don’t have a job, you don’t pay. And when you eventually get a job, your repayment starts fresh.

Once employed, 10 per cent of the beneficiary’s monthly income is deducted automatically by the employer and remitted to NELFUND, following verification through the NELFUND employment register.

If an employee is laid off or resigns, the deductions stop. And in the event of death, the loan is written off. The family is not harassed, he said.

Institutions must refund duplicate payments

On the matter of students who made fee payments before NELFUND disbursed funds to their schools, Sawyerr urged institutions to fulfill their obligation and refund the affected students.

We’ve received multiple petitions from students who paid under duress, only to find their fees had also been paid by NELFUND.

Institutions must refund this money. It’s disappointing that some schools have ignored this responsibility, he said.

He further explained that anti-graft agencies have begun investigating: Investigative bodies like the ICPC and EFCC have stepped in to question certain institutions over delays or refusals to refund.

To ensure the right return of funds, he recommended: If an institution cannot refund directly to the student, they can pay the money back to us and we will ensure it gets to the rightful student.

Over 3.2 million student records in system

Mustapha Iyal, the Executive Director of Operations, shared that the Fund currently oversees over 3.2 million student records and anticipates receiving around one million additional applications by the end of 2025.

Basically, our projection right now, we have about 3.2 million students in our system.

What we’re looking at this year, from now to the end of the year, we’re looking at about one million applications. We’re not pushing. We’re not saying that it’s compulsory.

But we’re looking at how we can support one million applications to make sure that no one is dropping out of school, he stated.

What you should know

NELFUND has broadened its scope by launching a loan program that also funds vocational and technical education to empower Nigerian youth seeking practical trade skills. The pilot phase of this scheme will start in Enugu between late June and mid-July 2025.

According to Executive Director of Operations, Iyal Mustapha, the initiative will offer interest-free loans to cover tuition, transportation for attending full-time technical schools, stipends for living expenses, and even tools upon training completion.

Applications will be submitted via NELFUND’s portal, and once the system is active, applicants will be matched with certified vocational training centers in their region.

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The British government announced on Thursday its intention to grant voting rights in general elections to 16- and 17-year-olds, marking a significant shift that would place the UK among countries with the lowest voting age globally.

This move stems from a commitment made by the ruling Labour Party before gaining power last year, and is part of a broader set of proposed reforms to the democratic process, which some have described as “in crisis” due to issues like low voter turnout.

The proposal is expected to spark debate, as opponents argue it could be politically motivated, with younger voters perceived as more inclined to favour the centre-left Labour party.

“I think it’s really important that 16- and 17-year-olds have the vote, because they are old enough to go out to work, they are old enough to pay taxes, so (they) pay in,” Prime Minister Keir Starmer said.

“And I think if you pay in, you should have the opportunity to say what you want your money spent on, which way the government should go,” Starmer added.

To implement the change, the government will need to present legislation in parliament, where it holds a solid majority.

Globally, only a few countries allow citizens as young as 16 to vote in national elections, according to online sources.

These include Austria — the first EU member to reduce its voting age to 16 in 2007 — along with Argentina, Brazil, Ecuador, and Cuba.

Labour ministers argue the reform is designed to “modernise our democracy” and increase participation, while also matching the voting age already used in elections for devolved parliaments in Scotland and Wales.

Other planned reforms include the adoption of automated voter registration — a system already in place in Australia and Canada — and allowing UK-issued bank cards to be accepted as valid ID at polling stations.

These proposals come after the former Conservative government implemented laws requiring voters to present photo identification, which the Electoral Commission reported resulted in around 750,000 people being unable to vote in last year’s election.

Harry Quilter-Pinner, executive director of the Institute For Public Policy Research, described the proposals as “the biggest reform to our electoral system since 1969”, when the voting age was reduced to 18.

He estimated that lowering the voting age and introducing automated registration could add as many as 9.5 million new voters.

“Our democracy is in crisis, and we risk reaching a tipping point where politics loses its legitimacy,” he said, expressing his support for the proposed changes.

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Seyi Makinde, governor of Oyo state, has said that the departure of former Vice-President Atiku Abubakar from the Peoples Democratic Party (PDP) will not impact the party’s position.

Abubakar left the PDP on July 14, stating that the party has deviated from its founding principles.

The party, which serves as the main opposition, has been experiencing internal conflict since the 2023 presidential election.

Speaking on Wednesday during the 10th coronation anniversary colloquium of Aladetoyinbo Ogunlade, the Deji of Akure, Makinde said Atiku’s departure will not weaken the PDP’s foundation or momentum.

The governor noted that the PDP would be in a stronger position if those hindering its progress step aside.

“Politics is a game of interest. I don’t think his exit will make any dent on PDP as a party,” Makinde said.

“PDP is an institution. We have freedom of entrance and exit. Anyone who holds PDP down, it is better for such an individual to quit.”

Speculation continues to grow that Makinde may enter the 2027 presidential race.

Abubakar, who is also seeking the presidency, has aligned himself with the opposition coalition to advance his ambition.

Addressing the move by some opposition politicians to adopt the African Democratic Congress (ADC) ahead of the 2027 elections, Makinde said the coalition does not pose a threat to the PDP.

“I don’t see ADC as a threat to PDP. The goal is about the same. If you are not happy about the tempo and pace of governance, you are free to associate and see what can be done,” he said.

“But one thing we must all realise is that players will come and go, governors will come and go, presidents will come and go, but our state and country will remain.”

Makinde emphasized that traditional institutions are essential to good governance, conflict resolution, and community development.

“Too often, traditional institutions are misunderstood. Some imagine frail old men who have outlived their relevance,” he said.

“Others view them as mere instruments of political endorsement. That mindset must change.

“Traditional institutions are not relics of the past. They are enduring pillars of identity, legitimacy, and communal cohesion.

“Long before Nigeria’s formal administrative systems took root, traditional rulers dispensed justice, upheld values, coordinated local security, and kept communities united.

“Reforming legal frameworks to provide clarity on the roles, rights, and recognition of traditional councils and strengthening our security architecture to formalise community policing strategies rooted in traditional structures.”

Makinde said traditional institutions continue to be the custodians of the grassroots and warned that excluding them from nation-building would be a mistake.

“No wonder politicians continue to seek their blessings and validation,” he added.