Tinubu says N34bn loans disbursed to 300,000 students

President Bola Tinubu says his administration has disbursed N34 billion to over 300,000 students via the Nigeria Education Loan Fund.

Tinubu said this on Wednesday in its 2025 budget presentation at the National Assembly.

He said: “In the 2025 Budget, we have made provision for N826.90 billion for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education and the nine new higher educational institutions.

“We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated N402 billion for infrastructure investments in the health sector in the 2025 Budget and another N282.65 billion for the Basic Health Care Fund.

“Our hospitals will be revitalised with medication and better resources, ensuring quality care for all Nigerians. This is consistent with the Federal Government’s planned procurement of essential drugs for distribution to public healthcare facilities nationwide, improving healthcare access and reducing medical import dependency.”