The Nigerian Education Loan Fund (NELFUND) says it has surpassed one million applications and disbursed over N116 billion to students since its launch in May 2024.
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The agency announced the milestone on Sunday in Abuja, describing it as a major step toward expanding access to higher education for Nigerian youths.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
According to NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, the achievement reflects President Bola Tinubu’s commitment to ensuring that financial barriers no longer hinder young Nigerians from pursuing tertiary education.
LIST OF APPLICATIONS FOR REGULARISATION OF AREA COUNCIL LAND DOCUMENTS NULLIFIED/CANCELLED BY THE HONOURABLE MINISTER OF FCT
The loans, which cover both tuition and living expenses, have benefited students in universities, polytechnics, and colleges of education across the country.
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Managing Director and Chief Executive of NELFUND, Akintunde Sawyerr, said reaching the one-million mark represents “renewed hope for a generation determined to rise above financial hardship.”
He said the milestone underscores the success of the Tinubu administration’s Renewed Hope Agenda and proves that government-led social programmes can deliver real impact when efficiently managed.
NELFUND reaffirmed its dedication to transparency and inclusiveness, stressing that the scheme is open to all eligible students regardless of background, faith, or region.
The agency said it will continue to expand its coverage and improve its systems to ensure no Nigerian is denied higher education because of financial challenges.
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