The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of April 2025 upkeep payments to eligible student beneficiaries across the country. This is according to a statement by the fund’s Director of Corporate Communications, Oseyemi Oluwatuyi, on Monday. ‘While most payments have been successfully processed, a small number of beneficiaries may experience a delay due to the recent upgrade …

No fewer than 500,000 students have applied for loans through the Nigeria Education Loan Fund (NELFUND) portal. NELFUND described the development as a milestone in its first year of operation. In a statement by its Director of Corporate Communications, Oseyemi Oluwatuyi, NELFUND said the milestone, achieved within just 11 months of operations, underscored the critical need for accessible student financing …

The Nigerian Education Loan Fund (NELFUND) has assured students that beneficiaries of the student loan scheme will not be restricted from travelling abroad after graduation. The Managing Director and Chief Executive of NELFUND, Akintunde Sawyerr, made this clarification during a sensitisation programme at Edo University, Iyamho, on Wednesday, while addressing students’ concerns about potential travel limitations. ‘The law that set …

Nigerian Education Loan Fund (NELFUND) will close the 2023/2024 student loan application cycle on 21 February. NELFUND’s managing director, Akintunde Sawyerr, disclosed this at a news conference in Abuja on Monday, saying the 2024/2025 application cycle would commence on 22 February. Sawyerr said the transition to the 2024/2025 cycle was a demonstration of the organisation’s commitment to efficiency, transparency and …

Students from no fewer than 23 public universities and polytechnics have lamented the delayed disbursement of their approved institutional loans from the Nigerian Education Loan Fund (NELFUND) as deadlines for tuition payment and examinations draw near. President Bola Tinubu signed the Students Loan (Access to Higher Education) (Repeal and Re-enactment) Act into law on 3 April 2024, to provide sustainable …

More than N18.5 billion has been paid to tertiary institutions as student loans, the Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr. Akintude Sawyerr, has confirmed. Sawyerr, who spoke on a TVC programme monitored yesterday by Leadership News, said additional N5.5 billion has been paid directly to 115,000 students as pocket cash. He said the payments covered the …

The House of Representatives Committee Chairman on Polytechnic and Higher Technical Education, Gboyega Isiaka, says the Nigerian Education Loan Fund (NELFUND) has disbursed N84.2bn to applicants as of September 2024. The disbursements, he said, included N27.5 billion for institutional facilities and N56.7 billion for upkeep of facilities. Isiaka, who represents Yewa North/Imeko-Afon Federal Constituency in Ogun State, said 351,317 students …

The Nigerian Education Loan Fund on Friday said it received a N2 million refund from a Senior Advocate of Nigeria and former beneficiary of the defunct Federal Government Student Loan Scheme in the 1970s, Adegboyega Awomolo. According to a statement released by the Fund which was signed by its Directorate of Corporate Communications, Awomolo, who used the loan to complete …

South-East governors and lawmakers representing the region in the National Assembly have stepped in to help students from the region benefit from the Federal Government’s student loan scheme. The Deputy Speaker of the House of Representatives, Benjamin Kalu, disclosed this in a statement on Monday. Kalu assured students from the region that the issues would be resolved and they would …

The Student Loan Scheme is a conception of the purest, noblest, and loftiest of intentions and design. It is a bond to secure the nation’s future and a promissory note to a prosperous destiny for many young Nigerians. The kernel of the scheme is to remove the impediments of finance and guarantee access to higher education and skill development for …