The Nigerian Education Loan Fund (NELFUND) says it had disbursed about N35 billion to 261,000 students in the country. The Managing Director of NELFUND, Mr Akintunde Sawyerr stated this at a sensitisation programme for Edo students in conjunction with the…
In a strategic move to improve financial accessibility for Nigerian students, the National Identity Management Commission (NIMC) has partnered with the Nigerian Education Loan Fund (NELFUND) to roll out multi-purpose Government-to-People (G2P) cards. This new initiative, which aims to streamline…
…Disburses N35bn loans to students, cut stipends for dropouts By Sodiq Adelakun The Nigerian Education Loan Fund (NELFUND) has formally announced the opening of the portal for loan applications by students for the 2024/2025 academic session on Saturday, February 22,…
Nigerian Education Loan Fund (NELFUND) says it will close the 2023/2024 student loan application cycle on Feb. 21. Managing Director of NELFUND, Akintunde Sawyerr, who disclosed this at a news conference in Abuja on Monday, said the 2024/2025 application cycle…
The National Association of Nigerian Students (NANS) has protested its exclusion from the board of the Nigerian Education Loan Fund (NELFUND). This was stated in a letter dated February 13, 2025, addressed to the Managing Director of the fund, Akintunde…
By Sodiq Adelakun The Nigerian Education Loan Fund (NELFUND) has successfully disbursed a total of N20,074,050,000 to 192,906 students across various tertiary institutions in Nigeria as of February 3, 2025. The funds, allocated for institutional fees, are part of NELFUND’s…
…Vows to ensure Rivers benefits from scheme By Barth Ndubuwah, Port Harcourt The Rivers State Government has applauded President Ahmed Bola Tinubu for conceiving the idea of setting up the Nigeria Education Loan Fund (NELFUND), which it said has opened…
The Nigerian Education Loan Fund has introduced a new loan product, the Vocational Skills Loan Initiative, aimed at supporting individuals seeking to acquire vocational skills. The Chief Executive Officer of NELFUND, Akintunde Sawyerr, stated on Friday that the loan products…
The Federal Government, in its proposed N49.74 trillion 2025 budget, has earmarked N175.13 million for the Nigerian Education Loan Fund. Established under the Student Loan Act, 2024, NELFUND aims to provide financial assistance to eligible Nigerian students pursuing higher education.…
The education sector in Nigeria underwent significant transformations in 2024, with several landmark reforms introduced, some of which stirred controversy, but all contributed to reshaping the educational landscape. One of the most notable developments was the launch of Nigeria’s first-ever…
