The Nigerian Education Loan Fund (NELFUND) has marked one year since the launch of the student loan portal on May 24, 2024.
The Fund said in just 12 months, it had transformed access to education financing with over 600,000 students registered, and over 550,000 successful loan applications and N56.85 billion disbursed to cover tuition fees and upkeep allowances.
The Fund’s Director, Strategic Communications, Oseyemi Oluwatuyi in a statement said the milestone showed the Federal Government’s bold commitment to empower Nigerian students by removing financial barriers to higher education.
SPONSOR AD
She said: “In just 12 months, NELFUND has transformed access to education financing with over: 600,000 students registered, and Over 550,000 successful loan applications. N56.85 billion disbursed to cover tuition fees and provide upkeep allowances.”
According to her, the achievement demonstrates the power of purposeful policy backed by strong execution.
“NELFUND’s student loan programme has brought relief to families, restored hope to students, and created a pathway for academic and professional success across Nigeria,” she said.
Speaking on the anniversary, the Managing Director/CEO of NELFUND, Akintunde Sawyerr, said: “One year ago, we launched a promise to Nigerian students. Today, we’re proud to be delivering on that promise. NELFUND is more than a loan scheme, it’s a bridge to opportunity, equity, and national transformation.
“Backed by the vision of President Bola Ahmed Tinubu’s Renewed Hope Agenda, NELFUND initiative has quickly become one of the most impactful student focused interventions in Nigeria’s recent history,” he said.
He said that through continuous collaboration with institutions, state governments, and student bodies, the Fund remained committed to deepening its reach and improving the student loan experience.
He noted that as NELFUND remained steadfast in its mission to ensure that no Nigerian student is denied education because of financial constraints.
Do you want to share a story with us? Do you want to advertise with us? Do you need publicity for a product, service, or event? Contact us on WhatsApp +2348183319097 Email: platformtimes@gmail.com
We are committed to impactful investigative journalism for human interest and social justice. Your donation will help us tell more stories. Kindly donate any amount HERE
