The Nigerian Education Loan Fund (NELFUND) has clarified that geopolitical zones do not influence the disbursement of its funds. This came after NELFUND shared that it had released the sum of N2.94 billion to 19 universities for 27,667 students. The list revealed that universities in the South-East and South-South regions were not included among the beneficiaries, sparking criticism from some …

The Economic and Financial Crimes Commission (EFCC) has stated that the N50 billion given to the Nigerian Education Loan Fund (NELFUND) was not a donation from the agency but part of the recovered loot given for student loans as directed by the president. Reacting to report that the funds were donations to NELFUND, the EFCC spokesperson, Dele Oyewale said, “The …

The Nigeria Education Loan Fund (NELFUND) on Wednesday, announced what it described as a significant milestone, receiving the highest number of student loan applications within a 24-hour period since the launch of its portal on 25 May 2024. In a statement on Wednesday, NELFUND said it “recorded 9,687 student registrations, with 7,975 completed loan applications”, on 7 August 2024. The …

The Nigerian Education Loan Fund on Monday announced the successful disbursement of N20,000 monthly stipends for July to 20,371 students from six tertiary institutions. A statement released by the Fund in Abuja listed the institutions as follows; Bayero University Kano; Federal University, Dutsin-Ma; University of Ilorin; University of Benin; University of Ibadan and the University of Maiduguri. The statement which …

The Nigerian Education Loan Fund (NELFUND), said yesterday it has disbursed over N1.72 billion as loans to 20,000 students in five tertiary institutions. It added that an additional N850 million would be disbursed before the close of work on Wednesday to another institution, bringing the total disbursed amount to tertiary institutions to N2.5 billion. The Fund also revealed that all …

The Nigerian Educational Loan Fund (NELFUND) on Tuesday said it would disburse N850 million to institutions as fees today (Wednesday). This is apart from the over N1.7  billion that has been disbursed to about 20,000 students. At an ongoing press briefing in Abuja, NELFUND’s Managing Director, Mr. Akintunde Sawyer said: “The sum of N850 million will be leaving the account of …

The Nigerian Education Loan Fund (NELFUND), said yesterday 16 additional state-owned tertiary institutions have submitted their students’ data for the student loan scheme. NELFUND, which disclosed this through its official X handle yesterday, explained that the addition of the 16 institutions brought the total number of registered state-owned institutions in the scheme to 86. “Following our previous announcements onboarding 70 …

The Osun State chapter of the All Progressives Congress (APC) has asked Governor Ademola Adeleke to desist from playing destructive politics with the Federal Government’s National Education Loan Fund (NELFUND) in the interest of students of tertiary institutions and technical colleges in the state. Hosting the Managing Director of NELFUND, Mr. Akintunde Sawyer, in Osogbo, the state capital, on Tuesday, …

  The Nigerian Education Loan Fund said a total of 36 state-owned tertiary institutions had been onboarded for the Student loan, noting that the students of the institutions can commence their loan applications. This was disclosed on Sunday via the official X handle of the Fund, tweeting as #NELFUND. The tweet read, “The management of NELFUND is pleased to announce …

The Management of the Nigerian Education Loan Fund (NELFUND) has announced a 14-day postponement of the application process for student loans for state institutions due to low data submissions. In statement on Tuesday, NELFUND’s Head of Media and Public Relations, Nasir Ayitogo said the decision was necessitated by the failure of several state-owned institutions, to upload the required student data …