NELFUND gets 500,000 applications for student loans in 11 months

NELFUND gets 500,000 applications for student loans in 11 months

Over 500, 000 students applied for loans in 11 months, the Nigeria Education Loan Fund (NELFUND) has said.

The agency said that the figure indicates the critical need for accessible student financing in Nigeria.

The Director of Strategic Communications of the Agency, Mrs Oseyemi Oluwatuyi in a statement yesterday stated that the number of applicants highlights the widespread trust in NELFUND to democratise access to tertiary education.

The statement reads: “The Nigeria Education Loan Fund (NELFUND) has reached a remarkable milestone in its first year of operation: over 500,000 Nigerian students have now applied for student loans through the NELFUND portal.

READ ALSO:

• Farooq Kperogi: In 2027, Tinubu won’t win; the opposition will lose
• Zulum meets with Cameroonian troops after deadly Boko Haram attack in Wulgo
• Tribunal upholds Nigerian government $220m fine against Facebook, WhatsApp

“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.”