The Nigerian Education Loan Fund (NELFUND) has crossed a historic milestone, recording over one million applications on its student loan portal since the official launch on May 24, 2024.
Director, Strategic Communications of NELFUND, Mrs. Oseyemi Oluwatuyi announced this in a statement on Sunday.
Oluwatuyi said this remarkable achievement underscored the far-reaching impact of President Bola Tinubu’s Renewed Hope Agenda, which was restoring faith in government-led social empowerment programmes and making higher education more accessible to all Nigerians.
She disclosed that since its inception, NELFUND had disbursed over ₦116 billion in student loans, covering both institutional fees and upkeep allowances to students across universities, polytechnics, and colleges of education nationwide. She also added that this milestone reflects the administration’s unwavering commitment to human capital development and inclusive growth.
Speaking on the achievement, NELFUND Managing Director, Mr. Akintunde Sawyerr, described it as a defining moment in Nigeria’s journey toward equitable education financing.
“Crossing the one-million mark represents more than data; it represents renewed hope for a generation of Nigerians determined to rise above financial barriers to education. It is a testament to visionary leadership, sound policy design, and the collective efforts of all stakeholders driving this transformative agenda”, he said.
The Fund reaffirmed its commitment to continuous process improvement, ensuring that every qualified Nigerian student, regardless of background or location, can access education funding with transparency, efficiency, and dignity.
