The Nigerian Education Loan Fund (NELFUND) has recorded over one million applications through its student loan portal since its official launch on May 24, 2024.
A statement signed by its Director of Strategic Communications, Oseyemi Oluwatuyi, on Sunday, said the achievement highlights the growing impact of President Bola Tinubu’s agenda of making tertiary education more accessible to Nigerians.
Since its creation, NELFUND has disbursed more than ₦116 billion in student loans, covering tuition and upkeep allowances for students in universities, polytechnics, and colleges of education across the country. The milestone underscores the government’s commitment to human capital development and inclusive national growth.
Speaking on the latest feat, NELFUND’s Managing Director/Chief Executive, Mr. Akintunde Sawyerr, described the development as a defining moment in the country’s pursuit of equitable education financing.
“Crossing the one-million mark represents more than data; it represents renewed hope for a generation of Nigerians determined to rise above financial barriers to education. It is a testament to visionary leadership, sound policy design, and the collective efforts of all stakeholders driving this transformative agenda,” Sawyerr stated.
The Fund reiterated its dedication to improving its operations to ensure that every qualified Nigerian student—regardless of background or location—can access education funding with transparency and efficiency.
According to NELFUND, the milestone reinforces the programme’s reputation as a model for effective governance and social impact, showing that when leadership, vision, and accountability align, meaningful change can be achieved.
