The Nigeria Education Loan Fund (NELFUND) says it has recorded a remarkable milestone in its first year of operation, with over 500,000 Nigerian students benefiting from the loans through the NELFUND portal.
This was revealed in a statement released by Oseyemi Oluwatuyi, Director, Strategic Communications
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 democratize access to tertiary education.
Akintunde Sawyerr, the Chief Executive Officer of NELFUND, said that the fund has signalled hope for a number of students.
“We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation.”
He noted that 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.
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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.
