Scorti-Samuel Official Blog

Nelfund    The Nigerian Education Loan Fund (NELFUND) is a financial institution established by the Nigerian government under the Students Loans (Access to Higher Education) Act, 2024. Its primary purpose is to provide interest-free loans to eligible Nigerian students pursuing higher education and skills acquisition within the country.   Key features of NELFUND Establishment:  President Bola Ahmed Tinubu signed the act establishing NELFUND in April 2024, repealing a previous version from 2023. Administration:  The fund is managed by a team appointed by the Nigerian president and headed by a Managing Director, Akintunde Sawyerr. Funding sources:  The fund receives 1% of all federal inland revenue tax collections and can also receive funding from private donors. Expansion of scope:  Initially focused on public tertiary institutions, NELFUND has announced plans to extend its services to students in vocational and technical training centers. Student suppor...

  Plus: This Deep-Sea Mining Company Will Sweep The Ocean Floor For Battery Materials—If It Doesn’t Go Broke First ADVERTISEMENT BECOME A MEMBER  •  NEWSLETTERS  •  MYFORBE S Good morning, Those chocolate eggs and rabbits  might come with a higher price tag this Easter .  The price of cocoa is skyrocketing, topping $10,000 per metric ton for the first time Tuesday. Around 70% of the world’s cocoa is grown in West Africa, where El Niño has led to lackluster crop yields.  Hershey and Cadbury maker Mondelēz have  said they plan to raise prices as a result , while companies like Mars have shrunk the size of their chocolates.  Avoiding chocolate may not be enough to protect your wallet: Retail prices for sugar and sweets are predicted to increase by 5.6% in 2024. Let’s get into the headlines, Danielle Chemtob  Staff Writer, Newsletters Follow me on  Forbes.com BREAKING NEWS Pulmonary arterial hyptertension disproportionately impacts...