The Nigeria Education Loan Fund (NELFUND) has said that it received over 500,000 loan applications from students of tertiary institutions in 11 months of its operation. The Director, Strategic Communications of NELFUND, Oseyemi Oluwatuyi, disclosed this in a statement released on Friday.
According to Olawuyi, this figure reflects the relevance and urgency of the fund’s efforts and the need for student financing in the country.
According to the “We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation.
She further noted that NELFUND is committed to ensuring transparency and accessibility in student loan application processes.
NELFUND was established by the Tinubu-led Administration in 2023 to offer interest-free loans for Nigerian students to pursue higher education.
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.
NELFUND said it 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.
The agency called on all stakeholders to join in supporting its vision of equitable education for all.
