Dr. Tunji Alausa, the Minister of Education, has supported the University of Benin's (UNIBEN) N100 billion Trust Development Fund, calling it a sustainable financing model that aligns with the federal government's education reform agenda. He encouraged other universities to implement similar funding initiatives during the fund's inauguration in Benin.

Despite rising oil wealth in Nigeria, many poor students continue to face financial hardship, prompting renewed scrutiny of the Nigerian Education Loan Fund (NELFUND) and its effectiveness in supporting access to education. According to Legit.ng, the contrast between the country's growing petroleum revenues and the ongoing struggles of disadvantaged students raises fresh questions about whether the fund is fulfilling its intended role in expanding educational opportunities for those most in need.

Nigeria's Minister of Education, Dr. Tunji Alausa, has said that one million out-of-school children have been returned to classrooms within 20 months, according to ThisDay Live. He made the statement while seeking deeper UNESCO support for the country's education reforms. The minister also urged university vice-chancellors to diversify their funding sources, as the federal government called for stronger institutional advancement offices to reduce reliance on public funds and strengthen the higher education sector.

In an opinion piece for ThisDay, Kalu Okoronkwo argues for periodic review of the upkeep allowance provided to Nigerian students under the NELFUND scheme. The writer contends that Nigeria's oil wealth contrasts sharply with the financial struggles of poor students, describing this as evidence of the country's confused approach to educational opportunity and social investment. The article calls for reforms to better support students relying on the fund.

Nigeria's Senate Committee on Tertiary Education and TETFund has raised alarm over declining revenue available to the Tertiary Education Trust Fund, warning that the shortfall could slow infrastructure development at tertiary institutions, according to ThisDay Live. The committee expressed concern that reduced funding would affect projects in universities and other higher institutions across the country.

The Cross River State government has pledged increased support for the State Universal Basic Education Board (SUBEB) and renewed its commitment to investing more in basic education. According to Leadership, the Commissioner for Education, Prof. Stephen Odey, made the pledge on Monday in Calabar during a courtesy visit by the CR-SUBEB management team to the Ministry of Education.