BREAKING: Tinubu govt finally gives breakdown of fuel subsidy removal savings
The President Bola Ahmed Tinubu-led administration has finally unveiled a breakdown of the N15.8 trillion in savings from fuel subsidy removal and gains of other reforms over the last three years. The Minister of Finance, Taiwo Oyedele, disclosed this at a press conference monitored by DAILY POST on Wednesday, giving a detailed breakdown of the […] BREAKING: Tinubu govt finally gives breakdown of…
President Bola Tinubu has announced that funds recovered from the Economic and Financial Crimes Commission (EFCC) will be redirected to the Nigerian Education Loan Fund (NELFUND). This directive was approved during a recent meeting of the Federal Executive Council. The Minister of Education, Dr. Tunji Alausa, revealed this information to State House correspondents on Wednesday.
Alausa stated that the FEC also approved the transfer of all unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund to NELFUND. These measures aim to ensure that NELFUND remains financially stable to support its growing financial obligations to Nigerian students. The President emphasized that the funds involved are liquid and not under any legal dispute, aligning with his campaign promise to provide better access to education for Nigerian students.
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