By Chika Nwachukwu
Nigeria Education Loan Fund, NELFUND, has reached a remarkable milestone in its first year of operation, as over 500,000 students applied for student loans through its portal.
A statement signed by its Director, Strategic Communications, Mrs Oseyemi Oluwatuyi, yesterday, stated that the milestone, achieved within 11 months of operations, underscores the critical need for accessible student financing in Nigeria and highlights the widespread trust in NELFUND’s mission to democratise access to tertiary education.
“This is more than just a number, it is a signal of hope for families. We are witnessing a nationwide demand for opportunity and NELFUND is proud to be at the heart of this transformation,” its Managing Director/CEO, Mr Akintunde Sawyerr, said.
The statement added that since the launch of the portal, students have actively engaged with the application process for institutional and upkeep loans, demonstrating the relevance and urgency of the fund’s efforts.
“NELFUND remains committed to ensuring transparency, accessibility and efficiency as the process continues, and calls on all stakeholders to join in supporting the vision of equitable education for all,” the statement said.
