The Nigeria Education Loan Fund (NELFUND) says it has recorded a remarkable milestone in its first year of operation, with over 500,000 Nigerian students benefiting from the loans through its portal.
In a statement issued on Friday, Oseyemi Oluwatuyi, NELFUND’s director of strategic communications, said the achievement underscores the critical need for accessible student financing in Nigeria.
Oluwatuyi said the number of beneficiaries highlights the widespread trust in NELFUND’s mission to democratise access to tertiary education.
She quoted Akintunde Sawyerr, the chief executive officer (CEO) of NELFUND, as saying that the fund has signalled hope for a number of students.
“We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation,” the statement reads.
She noted that 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.
She added that NELFUND remains committed to ensuring transparency, accessibility, and efficiency as the process continues.
