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2020 Budget Defence: Senate Committee on Marine Transport meets NIWA, Maritime Academy

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Joel Ajayi

The Senate Committee on Marine Transport on Tuesday met the National Inland Waterways Authority (NIWA) and Maritime Academy of Nigeria (MAN) over their performances in the 2020 budget and the 2021 proposed budget.

The Managing Director of NIWA, Dr. George Moghalu, in his address, said that the Authority’s total Appropriation for the year 2020 was N6, 349,834,548, made up of recurrent estimates of N877,941,048 while capital estimates of N5,471,893,500.

” This implies that the recurrent budget constitutes 13.8 percent and capital estimates 86 2 percent of the total 2020 budget Appropriation for implementation.

“However, a recent review of the utilization revealed that about N591,121,713.73 representing 67.3 percent of the total recurrent budget was utilized while N844,891,399.63 which constitutes about 15.4 percent of the total capital budget was utilized as at October 2020.

“Though the financial performance stood at 76.3 percent of the total Capital budget,  actual project implementation performance for the period was very poor owing to delay in capital releases occasioned by the COVID19 pandemic that posed a very great global economic threat, the Authority’s drive to actualize its objectives which remain the primary focus with the fiscal year yet to elapse.”

Moghalu, however,  said that a total of N6,625,057,455 was proposed for 2021 for favorable considerations stating that it hopes to complete all on-going projects and enhance revenue generation.

“I, therefore, conclude that in line with the Economic Recovery Growth  Plan (ERGP) of President Muhammadu Buhari,  the Authority reiterates its determination now more than ever to upscale the development of Inland Water Transportation in Nigeria.

“I, therefore, seize this opportunity to appeal to Mr. Chairman and Members of the Committee to use your good offices to ensure and facilitate a conducive financial and legal environment that will provide the boost needed for NIWA to achieve its full potentials,” he said.

Commodore Duja Emmanuel Effedua (Rtd), the Rector of Maritime Academy of Nigeria said that N2, 163, 692, 734 was appropriated for 2020 while N1,561,001,781 was released.

He stated that the total sum of N2, 254,341,534 was proposed for 2021.

According to him, the total recurrent estimates for 2021 were N1,165,939,238 while total  Capital estimates were N1,088,402,296.

Effedua said that most of the projects at the academy were ongoing because of non- completion by the past administration, stating that 99 percent of what was released in 2020 has been utilized.

He noted that until all the ongoing projects were completed, no new projects would commence at the academy.

Speaking, Sen. Danjuma Goje, Chairman of the Committee said that the two organizations should give a breakdown of the percentage of the ongoing projects to be able to ascertain the level of completion of each project to avoid seeing the same projects next year.

 

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NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow

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By Dayo Israel, National Youth Leader, APC

As the National Youth Leader of the All Progressives Congress, I have spent most of my tenure fighting for a Nigeria where every young person, regardless of their ward or local government, family income, or circumstance, can chase dreams without the chains of financial despair.

Today, that fight feels like victory, thanks to the Nigerian Education Loan Fund (NELFUND). Launched as a cornerstone of President Bola Ahmed Tinubu’s Renewed Hope Agenda, this initiative isn’t just a policy tweak; it’s a revolution. And under the steady, visionary hand of Managing Director Akintunde Sawyerr, NELFUND has transformed from a bold promise into a roaring engine of opportunity, disbursing over ₦116 billion to more than 396,000 students and shattering barriers for over a million applicants.

Let’s be clear: NELFUND was always destined to be a game-changer. Signed into law by President Tinubu on April 3, 2024, it repealed the outdated 2023 Student Loan Act, replacing it with a modern, inclusive framework that covers tuition, upkeep allowances, and even vocational training—ensuring no Nigerian youth is left on the sidelines of progress.

But what elevates it from groundbreaking to generational? Leadership. Enter Akintunde Sawyerr, the diplomat-turned-executioner whose career reads like a blueprint for results-driven governance. From co-founding the Agricultural Fresh Produce Growers and Exporters Association of Nigeria (AFGEAN) in 2012—backed by icons like former President Olusegun Obasanjo and Dr. Akinwumi Adesina—to steering global logistics at DHL across 21 countries, Sawyerr brings a rare alchemy: strategic foresight fused with unyielding accountability.

As NELFUND’s pioneer MD, he’s turned a fledgling fund into a finely tuned machine, processing over 1 million applications since May 2024 and disbursing ₦116 billion—₦61.33 billion in institutional fees and ₦46.35 billion in upkeep—to students in 231 tertiary institutions nationwide. That’s not bureaucracy; that’s brilliance.

Sawyerr’s touch is everywhere in NELFUND’s ascent. Since the portal’s launch, he’s overseen a digital ecosystem that’s as transparent as it is efficient—seamless verification, BVN-linked tracking, and real-time dashboards that have quashed misinformation and built trust. In just 18 months, the fund has empowered 396,252 students with interest-free loans, many first-generation learners who might otherwise have dropped out.

Sensitization drives in places like Ekiti and Ogun have spiked applications — 12,000 in a single day in one instance, while expansions to vocational centers in Enugu pilot the next wave of skills-based funding. And amid challenges like data mismatches and fee hikes, Sawyerr’s team has iterated relentlessly: aligning disbursements with academic calendars, resuming backlogged upkeep payments for over 3,600 students, and even probing institutional compliance to safeguard every kobo. This isn’t management; it’s mastery—a man who doesn’t just lead but launches futures.

Yet, none of this happens in a vacuum. President Tinubu’s alliance with trailblazers like Sawyerr is the secret sauce securing Nigeria’s tomorrow. The President’s Renewed Hope Agenda isn’t rhetoric; it’s resources—₦100 billion seed capital channeled into a system that prioritizes equity over elitism. Together, they’ve forged a partnership where vision meets velocity: Tinubu’s bold repeal of barriers meets Sawyerr’s boots-on-the-ground execution, turning abstract policy into tangible triumphs. It’s a synergy that’s non-discriminatory by design—Christians, Muslims, every tribe and tongue united in access—fostering national cohesion through classrooms, not courtrooms.

As Sawyerr himself notes, this is “visionary leadership” in action, where the President’s political will ignites reforms that ripple across generations.

Why does this matter to us, Nigeria’s youth? Because NELFUND isn’t handing out handouts—it’s handing out horizons. In a country where 53% of us grapple with unemployment, these loans aren’t just funds; they’re fuel for innovation, entrepreneurship, and endurance.

Picture it: A first-generation polytechnic student in Maiduguri, once sidelined by fees, now graduates debt-free (repayments start two years post-NYSC, employer-deducted for ease) and launches a tech startup. Or a vocational trainee in Enugu, equipped with skills funding, revolutionizing local agriculture. This is quality education that endures—not fleeting certificates, but lifelong launchpads. Sawyerr’s focus on human-centered design ensures loans cover not just books, but bread—upkeep stipends of ₦20,000 monthly keeping hunger at bay so minds can soar. Under his watch, NELFUND has debunked doubts, refuted fraud claims, and delivered results that scream sustainability: Over ₦99.5 billion to 510,000 students by September, with 228 institutions on board.

As youth leaders, we see NELFUND for what it is: A covenant with our future. President Tinubu and MD Sawyerr aren’t just allies; they’re architects of an educated, empowered Nigeria—one where poverty’s grip loosens with every approved application, and innovation blooms from every funded desk. This isn’t charity; it’s an investment in the 70 million of us who will lead tomorrow.

We’ve crossed one million applications not because of luck, but leadership—a duo that’s turning “access denied” into “future unlocked.”

To President Tinubu: Thank you for daring to dream big and backing it with action.

To Akintunde Sawyerr: You’re the executor we needed, proving that one steady hand can steady a nation.

And to every Nigerian youth: Apply. Graduate. Conquer.

Because with NELFUND, your generation isn’t just surviving—it’s thriving, enduring, and eternal.

The Renewed Hope isn’t a slogan; it’s our story, now written in scholarships and success. Let’s keep turning the page.

Dayo Israel is the National Youth Leader of the All Progressives Congress (APC).

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