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Nigerian Youth To Access N12.5b NYIF Before December-Minister
…As NYCN Lauds FG, Sports Ministry on Youth innovations
JOEL AJAYI
In the determination to ensure Nigerian youth are at per with their counterpart around the world, the Federal Government has revealed that Nigerian youth will begin to have access to the initial N12.5 billion NYIF before the end of December.
It will be recalled that N25 billion will be disbursed each year for the next three years, totaling N75 billion.

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Also, NYIF is dedicated to investing in innovative ideas, skills, talents, and enterprise of the Nigerian youth with the aim of turning them into entrepreneurs.
The Minister of Youth and Sports Development Mr. Sunday Dare made this known on Monday in Abuja when the National Youth Council of Nigeria (NYCN), in solidarity, march to the Minister to thank President Muhammadu Buhari for approval of Nigerian Youth funds.
Youth Council applauded the Federal Government over the approval capital of 75billion NYIF saying that the initiative would go a long way to ameliorate the suffering of Nigerian youth.

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While speaking, the Minister who was represented by the Ministry Permanent Secretary Mr. Gabriel Aduda said that Nigerian youths do not lack ideas, what they lack is support to push it forward to make it a reality in which the government of the day is doing right now.
According to him, we have a lot of empowerment program and one thing we have seen with empowerment programs overtime is that it does not come with an end to end a cache that helps the youth to start as an entrepreneur.
“A lot of programs have been put in place but lack of supports has swept them under carpet, that is ministry sat down, looked and decided that this NYIF goes beyond youth empowerment.
“We decided that there is a need for us to have pots that support entrepreneurship, young businesses, and youth in their startups, that gives the environment for them to fly with their ideas and that is what the NYIF is supposed to do.
“We thank God and FG for the approval of the N75 Billion that is going to come in 25billion transit over three years between now and 2023, we have done half of this year so we are hoping that we should be able to rake in about 12.5billion from now till December and the beauty of it is that right in council President directed the CBN Governor and the Minister of finance to source for this money because of the importance of this particular setup.

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“We will work with the CBN and every relevant stakeholder that will administer the fund in a way that will bring results.”
“Most of the monies that are coming will be administered. Some, as very short loans, one of the things that we have found out is that Nigerian youths do not lack ideas, what they lack is support to push it forward to make it a reality.”
He urged all Nigerian youth to always visit the ministry website to get information about the different initiatives.
Speaking earlier, Permanent Secretary Gabriel Aduda who was represented by the Director Network and Social Mobilization for the Ministry Dr. (Mrs) Abdulai Rosemary expressed that the ministry will not relent in its effort to ensure youth are put in a firm position to be future leaders.
“Since the minister assumed office, he has shown a strong passion for the growth and development of the Nigerian youth. That is why hardily a week will go without a new development on the youth initiative to bring them at par with their counterpart around the globe.”
In his address the President of the NYCN Amb. Sokubo Sara-IgbeSokubo said FG’s initiative is a square peg is in a square hole.
“Today, hope is being restored to millions of talented, hardworking, and creative young Nigerians.
“The NYIF is a special window for the Nigerian youths to access financial facilities for their entrepreneurial ideas, innovations, and projects. This laudable milestone has shown that President Muhammadu Buhari’s administration has the interest of Nigeria youth at heart, and has endeared the government to the hearts of young Nigerians.
“Nigeria youths wish to use this medium to also express our gratitude to our dogged, innovative and pace-setting Honorable Minister of Youth and Sports Development, Mr. Sunday Dare, under whose supervision, the youth constituency has recorded massive positive development. Under him, Nigerian youths have experienced a breath of fresh air and hope. The truth is that; “when a square peg is in a square hole, things begin to fall into shape.”
Featured
NELFUND: The Renewed Hope Engine Propelling Nigeria’s Youth into Tomorrow
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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