The Nigerian Education Loan Fund (NELFUND) has successfully disbursed a total of N20,074,050,000 to 192,906 students across various tertiary institutions in Nigeria as of February 3, 2025.
The funds, allocated for institutional fees, are part of NELFUND’s ongoing efforts to enhance access to higher education for deserving students.
This is contained in a statement by Akintunde Sawyerr, Managing Director, NELFUND on Monday.
Sawyerr also disclosed that the Fund had so far received loan applications from no fewer than 364,042 students.
He added that about 169,114 students had also so far benefitted from the NELFUND’s monthly stipends disbursement, with N12, 818,960,000 disbursed and each student receiving N20, 000.
“We appreciate the unwavering support of President Bola Tinubu in making higher education accessible to all deserving Nigerian students.
“NELFUND remains committed to transparency and efficiency in managing the student loan scheme and will continue to provide accurate updates as disbursements progress.”
Sawyerr took the opportunity to express appreciation for the support of President Bola Tinubu.
“We appreciate the unwavering support of President Bola Tinubu in making higher education accessible to all deserving Nigerian students,” he stated.
