President Bola Tinubu has revealed that the Federal Government has disbursed N34 billion in loans to students across the country’s tertiary institutions through the Nigeria Education Loan Fund.
Tinubu disclosed this on Wednesday while presenting the N49.7 trillion 2025 budget proposal to a joint session of the National Assembly.
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“Our administration has so far disbursed N34bn to over 300,000 students via the Nigeria Education Loan Fund,” the President stated.
The President also announced that the government has allocated N826.90 billion for infrastructure development in the education sector for the 2025 fiscal year.
“In the 2025 budget, we have made provision for N826.90bn for infrastructure development in the educational sector. This provision also includes those for the Universal Basic Education and the nine new higher educational institutions,” Tinubu said.
Highlighting the government’s focus on healthcare, Tinubu added that the budget includes N402 billion for infrastructure investments in the health sector and N282.65 billion for the Basic Health Care Fund.
He said, “We are convinced that Universal Health Coverage initiatives will strengthen primary healthcare systems across Nigeria. In this way, we have allocated N402bn for infrastructure investments in the health sector in the 2025 budget and another N282.65bn for the Basic Health Care Fund.”
Tinubu further emphasized plans to improve healthcare facilities and reduce reliance on imported medical supplies.
“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,” he stated.
