NELFUND Marks One-Year Milestone, Celebrates Major Strides in Expanding Access to Higher Education

The Nigerian Education Loan Fund (NELFUND) has marked the first anniversary of its student loan portal with resounding success, celebrating a year of transformative impact on access to higher education across Nigeria.

Since the portal’s launch on May 24, 2024, NELFUND has made remarkable progress, registering over 600,000 students and successfully processing more than 550,000 loan applications. In total, ₦56.85 billion has been disbursed to support students with tuition fees and upkeep allowances.

In a statement signed by Mrs. Oseyemi Oluwatuyi, Director, Strategic Communications on Saturday 24th May revealed that this milestone represents a significant achievement in the Federal Government’s efforts to remove financial barriers to education. According to NELFUND, the programme has provided substantial relief to families, restored hope to students, and created new academic and professional opportunities.

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Reflecting on the year of progress, Mr. Akintunde Sawyerr, Managing Director and Chief Executive Officer of NELFUND, remarked:
“One year ago, we launched a promise to Nigerian students. Today, we’re proud to be delivering on that promise. NELFUND is more than a loan scheme, it’s a bridge to opportunity, equity, and national transformation.”

The initiative is a flagship project under President Bola Ahmed Tinubu’s Renewed Hope Agenda, which aims to address structural barriers and empower youth through education. Described as one of the most impactful student-focused interventions in recent times, NELFUND attributes its success to collaboration with institutions, state governments, and student bodies.

Looking ahead, the Fund reaffirmed its commitment to ensuring that no Nigerian student is denied education due to financial constraints.

For more information or inquiries, NELFUND can be contacted via email at info@nelf.gov.ng or through their official platforms on X (Twitter), Instagram, Facebook, LinkedIn, and their website: www.nelf.gov.ng.