President Bola Tinubu has announced that the Federal Government has disbursed N34 billion in loans to students in tertiary institutions across Nigeria through the Nigeria Education Loan Fund. This was revealed on Wednesday during the presentation of the N49.7 trillion 2025 budget estimates to a joint session of the National Assembly.
Highlighting the government’s commitment to education, Tinubu disclosed that N826.9 billion has been allocated for infrastructural development in the education sector for the 2025 fiscal year. The provision covers projects under the Universal Basic Education scheme as well as the nine newly established higher education institutions. “Our administration has so far disbursed N34 billion to over 300,000 students via the Nigeria Education Loan Fund,” the President said. “In the 2025 budget, we have earmarked N826.90 billion for infrastructure development in the educational sector.”
The President also emphasized the government’s focus on healthcare, announcing an allocation of N402 billion for health sector infrastructure in 2025. Additionally, N282.65 billion has been set aside for the Basic Health Care Fund to strengthen Nigeria’s primary healthcare systems. “Our hospitals will be revitalized with essential medications and better resources, ensuring quality care for all Nigerians,” Tinubu said. He further noted that the Federal Government plans to procure essential drugs for distribution to public healthcare facilities nationwide, aiming to improve healthcare access and reduce dependence on medical imports.
This comprehensive approach to education and healthcare underscores the administration’s dedication to fostering sustainable development across key sectors.
