President Bola Tinubu has revealed that the Federal Government has disbursed a total of N34 billion in loans to students in tertiary institutions across the country through the Nigeria Education Loan Fund.
Speaking on Wednesday during the presentation of the N49.7 trillion 2025 budget proposal to the National Assembly, the President also highlighted an allocation of N826.9 billion for educational infrastructure in the upcoming fiscal year.
He stated, “Our administration has so far disbursed N34bn to over 300,000 students via the Nigeria Education Loan Fund.
“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.”
The President also outlined the government’s efforts to bolster healthcare, noting significant budgetary allocations to improve access and quality.
“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.
“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.”
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