Speaking on Channels TV’s Politics Today, Yilwatda said the NELFUND scheme is making a significant difference in the lives of students and their families nationwide.
He noted that many Nigerian students struggle to afford tuition fees, with some even forced to drop out of university due to financial hardship. According to him, the loan initiative now allows students to secure funding for their school fees while also collecting a ₦20,000 monthly allowance, whether they are in session or on holiday.
“Most students in Nigeria find it difficult to pay their school fees. I know several who had to leave university because they couldn’t afford it,” he said.
He further explained that many students not only support themselves but also assist their families, invest in farming, and even help pay the school fees of younger siblings during school breaks.
Prof. Yilwatda stated that the program is open to all eligible students across the country.
“If you’re a student facing challenges with school fees, register through your university and apply for the loan. We will cover your full tuition, and you will receive ₦20,000 every month,” he said.
He described NELFUND as a key social safety measure designed to ease the burden on parents and households.
“These are families, these are parents. Over a million students are already benefiting, and their parents are hopeful for even greater support through NELFUND,” he added.
The APC chairman also mentioned other welfare initiatives such as health insurance schemes, which he said have reached between four and five million Nigerians.