NELFUND Hits 500,000 Student Loan Applications

The Nigeria Education Loan Fund (NELFUND) has said over 500,000 Nigerian students have applied for student loans through its portal.

The fund has also disbursed more than N53 billion to students in upkeep institutional fees within the period under review.

The director, strategic communications, Mrs. Oseyemi Oluwatuyi, in a statement  in Abuja yesterday, highlighted the commitment of the fund to democratise access to tertiary education in Nigeria.

She said, “This milestone, achieved within just 11 months of operations, underscores the critical need for accessible student financing in Nigeria and highlights the widespread trust in NELFUND’s mission to democratise access to tertiary education.”

Managing Director/CEO of NELFUND, Mr. Akintunde Sawyerr, said the figure was more than just a number, it’s a signal of hope for families across Nigeria.

He said, “This is more than just a number, it’s a signal of hope for families across Nigeria. We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation Since the launch of the portal, students across the country have actively engaged with the application process for both institutional and upkeep loans demonstrating the relevance and urgency of the fund’s efforts.

“NELFUND remains committed to ensuring transparency, accessibility, and efficiency as the process continues, and calls on all stakeholders to join in supporting the vision of equitable education for all. For more information, please visit www.nelf.gov.ng or contact our customer support team via email at [email protected],” the statement added.