The Nigerian Education Loan Fund (NELFUND) has announced the inclusion of 12 more state-owned postsecondary schools to the list of universities eligible for student loan applications, beginning Wednesday, July 10, 2024.
On Wednesday, NELFUND’s spokesperson, Nasir Ayitogo, issued a statement confirming this.
Ayitogo said that the expansion follows the successful submission and verification of data completeness and accuracy required from the institutions.
He claims that from the original 36 participating state-owned tertiary institutions, there are now 48.
But he pointed out that there is still unaccounted-for data from 121 institutions.
Below are complete lists of the 12 state-owned tertiary institutions currently approved for student loan application by NELFUND:
- Abia State Polytechnic
- Benue State University, Makurdi
- College of Education, Waka-Biu
- University of Medical and Applied Sciences Enugu State
- Aliko Dangote University of science and Technology Wudil, Kano State
- KWARA POLYTECHNIC
- Lagos State University of Science and Technology
- Ibrahim Badamasi Babangida University Lapai, Niger State
- Olabisi Onabanjo University
- Abraham Adesanya Polytechnic
- Taraba State Polytechnic
- Yobe State University
The revised Student Loan Act 2024 aims to eliminate financial barriers and make education accessible to all Nigerian students, regardless of their economic background.
NELFUND’s primary funding sources include a percentage of taxes, levies, and duties collected by the Federal Inland Revenue Service (FIRS), Nigerian Immigration Service, and Nigerian Customs Service, amounting to 1% of their total revenues.
