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.
The Director, Strategic Communications of NELFund, Mrs Oseyemi Oluwatuyi announced the development on Friday.
Oluwatuyi noted that this milestone, achieved within just 11 months of operations, underscored the critical need for accessible student financing in Nigeria and highlights the widespread trust in NELFUND’s mission to democratize access to tertiary education.
“This is more than just a number, it’s a signal of hope for families across Nigeria. We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation,” said Managing Director/CEO of NELFUND, Mr. Akintunde Sawyerr.
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.
