Abuja, Nigeria
Akintunde Sawyer, managing director and chief executive officer of the Nigeria Education Loan Fund (NELFUND), says over 500,000 students applied for education loans in eleven months.
Sawyer said the feat underscored the need for accessible student financing in the country.
“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.”
He said 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.
Sawyer revealed that NELFUND remains committed to ensuring transparency, accessibility, and efficiency as the process continues.
He urged all stakeholders to join hands in supporting the fund to power the vision of equitable education for all.
He equally urged students to contact their team for more information.
NELFUND was established by the federal government of Nigeria under the Student Loans (Access to Higher Education) Act 2024, which was signed into law in May 2024.
The body is responsible for the management and investment of funds for student loans to provide loans to eligible Nigerian students for higher education, vocational training, and skills acquisition.
