The Nigerian Education Loan Fund (NELFUND) has reached a milestone, surpassing one million applications for its student loan scheme, showcasing an overwhelming public response to the initiative under President Bola Tinubu’s administration.
In a statement issued on Sunday by NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, the agency described the milestone — achieved less than a year after the programme’s launch on May 24, 2024 — as a clear sign of growing national confidence in the initiative.
According to NELFUND, more than ₦116 billion has already been disbursed to students across Nigerian universities, polytechnics, and colleges of education, covering both institutional fees and upkeep allowances.
Managing Director of NELFUND, Akintunde Sawyerr, said the achievement underscores the positive impact of President Tinubu’s Renewed Hope agenda on access to higher education.
The Fund reaffirmed its commitment to continually improving its processes to ensure that every eligible Nigerian student can access education funding transparently and efficiently, regardless of background or location.
The Fund reaffirmed its commitment to continually improving its processes to ensure that every eligible Nigerian student can access education funding transparently and efficiently, regardless of background or location.
“With this milestone, NELFUND reaffirms its commitment to making education accessible, remaining steadfast in its mission to ensure that no Nigerian is denied the chance to learn, grow, or contribute to national development due to financial constraints.
