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Hello Nigerian youth and greatest Nigerian students!

On Wednesday, I witnessed the historic signing of the student loans (Access to Higher Education) bill into law by President Bola Ahmed Tinubu. The groundbreaking law is poised to change the future of education in Nigeria forever! Indeed, the law is a game-changer in our education system, which is going to open up a world of opportunities for all Nigerian students and young people looking to pursue higher education and skills development.
The event of Wednesday was a culmination of a painstaking process, including a public hearing, which I attended alongside other education and civil society stakeholders on 18th March 2024.
This new law creates the Nigeria Education Loan Fund (NELFUND) to support students financially so they can study without worrying about tuition and other school-related expenses.
But the law is not just about loans – it is a significant step towards making education accessible to everyone, ensuring that all Nigerian youths can dream big and achieve even bigger.
To every young person willing to dream and aspire, this law is your invitation to step up, get educated, and contribute to the growth and development of our dear country. Whether you are aiming for a degree, considering vocational training, or looking to pick up new skills, the door is now open. The student loan act is a call to action for Nigerian youths to go for their educational dreams and prepare themselves to be the leaders and innovators of Nigeria’s tomorrow.
At this juncture, I must commend President Bola Tinubu for his visionary move – first to strengthen the bill with new inclusions to cover initially excluded student groups, and secondly by giving his quick assent to the bill. Nigerian youth are grateful. By assenting to the Student Loans (Access to Higher Education) Act, President Tinubu has shown that he is not just talking about investing in the future; he is also committed to making it happen. I believe the future of Nigeria looks bright and promising. It’s time for every young person to grab this opportunity with both hands.
On our part, the Ministry of Youth Development will work closely with NELFUND to ensure that the law is effective and that the youth of Nigeria derive maximum benefits that would aid their quest for quality education.
RenewedHopeAssured
Ayodele Olawande
Minister for Youth Development (State)
EducationIsKey #FutureReady #NigeriaRising
Featured
Tax Reform Bills: Extricating Nigeria From Economic Cesspit

By Arabinrin Aderonke Atoyebi
On March 13, 2025, the House of Representatives passed the Tax Reform Bills. The Senate is expected to debate the bills after its current recess, resuming plenary on April 29, 2025. Once the Senate passes them, they will be sent to the President for assent. This is the final stretch.
What comes to mind when you hear the word reform? What do you think of when you hear Tax Reform Bill? After all this time, many Nigerians now have a clearer understanding of what is happening. But when you think of it, who do you envision? There is no other person than the man of the people: Dr. Zacch Adedeji, Executive Chairman of the Federal Inland Revenue Service (FIRS).
After taking office in May 2023, President Bola Ahmed Tinubu inherited a situation that required urgent action. Our tax system had been plagued by inefficiencies, low compliance rates, and inadequate coverage. The country also faced challenges like the need for more transparency, improved coordination between federal and state tax authorities, and the lack of a clear, modernized tax framework to support long-term economic growth.
President Tinubu was fully aware of these shortcomings before and after assuming office. The one thing he could do was put a capable man in charge: the Tax Boss. The government made tax reform a priority in its broader economic agenda, and Dr. Zacch has demonstrated commitment in ensuring these reforms are efficiently implemented.
The Tax Boss knew that no matter how brilliant the reform looked on paper, it had to work in practice. Under his leadership, FIRS accelerated internal reforms, digitized processes, automated over 80 percent of returns processing, and integrated new modules into the TaxProMax system to make compliance easier and smarter. This is what Nigerians needed: we are not waiting for change; we are making it happen.
By the end of 2024, four draft bills emerged: the Nigeria Revenue Service Bill, the Nigeria Tax Administration Bill, the Nigeria Taxation (Consolidation) Bill, and the Joint Tax Board Bill. Each was designed to streamline laws, harmonize tax administration, and expand the tax base without overburdening taxpayers. The National Assembly opened its doors to scrutiny with public hearings, tough questions, governors’ perspectives, and expert feedback. Some proposals were revised, such as the decision to retain the current VAT rate.
On March 13, 2025, the House of Representatives passed the Tax Reform Bills. The Senate is expected to debate the bills after its current recess, resuming plenary on April 29, 2025. Once the Senate passes them, they will be sent to the President for assent. This is the final stretch.
But let’s not forget how we got here. It took presidential will, expert input, and above all, Dr. Zacch, the Tax Boss himself. The Tax Boss has not only championed this process; he has owned it with clarity, purpose, and results. With continued execution and the right structures in place, the tax reforms will build a stronger system for everyone, from government to everyday Nigerians.
Tax Reform Bill is not just another trend. It’s the change we have been asking for. Most importantly, it is here to stay.
Arabinrin Aderonke Atoyebi is the technical assistant on broadcast media to the executive chairman of the Federal Inland Revenue Service
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