The Nigeria Education Loan Fund (NELFUND) announced on Friday that it has achieved a significant milestone in its inaugural year, with over 500,000 Nigerian students having applied for student loans via its online portal.
In a statement, the Director of Corporate Communications, Oseyemi Oluwatuyi, noted that this achievement—reached within just 11 months of operations—demonstrates the urgent demand for accessible student financing in Nigeria and reflects the growing public confidence in NELFUND’s mission to make tertiary education more accessible for all.
“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 portal, students across the country have actively engaged with the application process for both institutional and upkeep loans, demonstrating the relevance and urgency of the Fund’s efforts.
NELFUND said it 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.