More Than 500,000 Applied For Student Loans In 11 Months – NELFUND

The Nigeria Education Loan Fund (NELFUND) announced on Friday that it has reached a significant milestone in its first year of operation, with over 500,000 Nigerian students applying for student loans through the NELFUND portal. The achievement, reached in just 11 months, emphasizes the growing demand for accessible student financing in Nigeria and reflects the trust placed in NELFUND’s mission to make tertiary education more accessible to all. This milestone was shared through a statement from Oseyemi Oluwatuyi, the Director of Corporate Communications for NELFUND.

“This is more than just a number; it’s a signal of hope for families across Nigeria. We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation,” said Managing Director/CEO of NELFUND, Mr. Akintunde Sawyerr said in the statement.

Since the launch of the NELFUND portal, students across Nigeria have actively engaged with the application process for both institutional and upkeep loans, highlighting the need and importance of the Fund’s initiatives. NELFUND has pledged to maintain transparency, accessibility, and efficiency in the loan process. The organization also calls on all stakeholders to support its vision of providing equitable education for all, ensuring that every eligible student has the opportunity to access financial assistance for their studies.