🇳🇬NigeriaWest Africa
Oladepo Caleb Olugbenga, LAUTECH's best graduating student, credits NELFUND loan for his success
via Punch Nigeria4 min read
Oladepo Caleb Olugbenga, the overall best graduating engineering student of Ladoke Akintola University of Technology LAUTECH for the 2024/2025 session, recently acknowledged the Nigerian Education Loan Fund NELFUND for enabling his education. Oladepo, who achieved a CGPA of 4.89 out of 5.0 in Electronic and Electrical Engineering, grew up in a village in Osun State without electricity for nine years, where his family struggled daily for basic necessities. He attended public schools due to financial constraints and walked miles to school each morning. After being formally named LAUTECH's best graduating engineering student on January 14, he posted on X, stating, “I’m honoured to let you know that I am the Best Graduating Student of LAUTECH. Your loans made it possible.” This post garnered significant attention, with some praising his achievement and his public gratitude towards the student loan scheme, while others criticized it as politicizing his success. NELFUND responded to his post, congratulating him and expressing pride in their role. Oladepo later clarified his position, explaining his humble background and emphasizing that NELFUND was instrumental, not incidental, to his journey. He stated that acknowledging what helped one's journey is an act of appreciation, not propaganda. Bayo Onanuga, Special Adviser on Information and Strategy to President Tinubu, cited Oladepo's story as evidence of the administration's policy intent to help students facing financial challenges
Free daily or weekly digest of the most important stories from across 10 countries. No spam, unsubscribe any time.
This summary was AI-generated from a story originally published by Punch Nigeria.
The Transmission Company of Nigeria TCN has commissioned new transmission line connections at the Ihovbor corridor, enhancing the national grid's stability and power evacuation capacity. The project, which includes turn-in-turn-out connections for the Ihovbor/Benin and Ihovbor/Ajaokuta 330kV transmission lines, was successfully commissioned on Wednesday, April 23, 2026. According to Ndidi Mbah, General Manager, Public Affairs at TCN, this development provides additional evacuation capacity for the Niger Delta Power Holding Company NDPHC and Azura Power plants. The Ihovbor/Benin line is currently transmitting approximately 200 megawatts, while the Ihovbor/Ajaokuta line carries about 90 megawatts. TCN stated that this new infrastructure will improve electricity supply reliability by reducing transmission constraints and strengthening overall grid performance, aligning with efforts to modernize Nigeria’s transmission infrastructure.
Must ReadChina has implemented restrictions on seven European entities in the defense sector, citing their involvement in alleged arms sales or "collusion" with Taiwan. The measures, effective immediately, are intended to safeguard national security and interests and fulfill international obligations like non-proliferation, according to the commerce ministry. The curbs prohibit exports of "dual-use items" to the named entities, which include Belgian guns manufacturer FN Herstal, German defense electronics firm Hensoldt, and the Czech Republic's national aerospace research and development center, VZLU Aerospace. The ministry stated that any ongoing related activities must cease, though applications for export could be submitted in truly necessary special circumstances. An unnamed commerce ministry spokesperson clarified that the measures target only a small number of EU entities involved in military-related activities, specifically those that participated in arms sales to Taiwan or engaged in collusion with Taiwan, assuring that "law-abiding and trustworthy EU entities have absolutely no cause for concern." Beijing has increased export controls in recent years, including against 20 Japanese entities in February due to political tensions over Taiwan, and last year's curbs on rare earth exports, which caused global supply concerns. The European Union Chamber of Commerce in China warned earlier this month that Beijing’s stringent export controls pose a "long-term business risk".
Must ReadThe Emir of Kano, Muhammadu Sanusi II, and former Governor of the Central Bank of Nigeria, has questioned the Federal Government's ongoing reliance on borrowing, even after the removal of the petrol subsidy. In an interview with News Central TV, Sanusi stated that while the subsidy removal and exchange rate liberalization were necessary, their timing and a lack of fiscal discipline threaten to undermine potential benefits. He highlighted the systemic failure of supporting foreign refineries while Nigeria's domestic capacity remained dormant, though he expressed optimism about the shift towards domestic production and petroleum product exports. Sanusi raised concerns that liberalizing the exchange rate in a "loose monetary environment" contributed to the naira's rapid depreciation. He challenged the government's continued borrowing, asking, "If you're not paying the subsidy and you've got the money, why are we still borrowing and borrowing? What are we borrowing for?" This comes as the Federal Government increased its 2026 borrowing plan to ₦29.20 trillion and President Bola Tinubu sought approval for a new $516 million loan for the Sokoto-Badagry Superhighway.
Bishop David Oyedepo, the Founder of Living Faith Church Worldwide, has instructed his church members to provide his phone number to any kidnappers. He stated that he possesses the spiritual authority to ensure their release. Oyedepo shared this during a church service at the Canaanland headquarters in Ota, Ogun State, in a video clip that circulated on social media. He supported his instruction with two anecdotes of what he described as divine intervention in past kidnapping incidents involving church members. In one instance, he claimed to have warned an abductor that they would die within 24 hours if a kidnapped pastor was not released. In another account, he said a female member declared by faith she would be free by 7 a.m., and her captors began harming themselves before releasing her. Oyedepo told members they possess the same spiritual force and need to discover and deploy it.