President Bola Ahmed Tinubu says his administration has disbursed more than ₦282 billion to about 1.5 million students who are beneficiaries from various public tertiary institutions since the official launch of loan application portal of the Nigerian Education Loan Fund (NELFUND) on May 24, 2024
Tinubu who revealed this on Sunday during his acceptance speech in Abuja after winning the All Progressives Congress (APC) presidential primary, also pledged to place Nigeria on an “irreversible path of economic expansion and democratic consolidation” if given another four years in office at the 2027 presidential poll in the country
Chairman of the APC Presidential Primaries Election Committee, Senator Pius Anyim had earlier announced that President Tinubu defeated his only challenger, businessman and APC chieftain Stanley Osifo, polling 10,999,162 votes against Osifo’s 16,503 votes.
Tinubu was full of appreciation to members for renewing his commitment to national development, after receiving the party’s flag and certificate of return from APC National Chairman Nentawe Yilwatda
“In accepting this nomination, I renew my commitment to serve our nation with even greater determination.
“With another four years of discipline, focus and national cooperation, we will firmly place Nigeria on an irreversible path of economic expansion, industrialisation, energy security, infrastructural development, food sovereignty and democratic consolidation,” Tinubu said.
The President acknowledged the economic hardship experienced by Nigerians since the introduction of key reforms under his administration, including the removal of fuel subsidy and foreign exchange reforms introduced in 2023.
“You have given me the encouragement. Sometimes it is difficult, and I share the pain with you. I know what it is to reform an economy that was in tatters. If you lost sleep, I lost some too.
“If you have lost weight, I think I have lost some too. But I have always remembered one thing: in 2022, I asked for this job, you all supported me, and I got it, so I must do it,” he said.
Tinubu also highlighted several reforms implemented by his administration, including the student loan scheme, tax reforms, and infrastructure projects.
He also pledged to strengthen electricity supply and create more opportunities for young Nigerians and businesses across the country ahead of the 2027 election.
The president reaffirmed his administration’s commitment to security, promising intensified efforts against banditry and other criminal activities across the country.
Tinubu also urged Nigerians not to become “complacent” or allow politicians without “clear alternative visions” to derail the country’s progress, noting that the forthcoming election must be “a reaffirmation of Nigeria’s democratic maturity”.
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