The Nigeria Education Loan Fund (NELFUND) announced that 1.2 million students from federal institutions will benefit from the pilot phase of its student loan scheme.
NELFUND’s Managing Director/Chief Executive Officer, Akintunde Sawyerr, made this statement on Monday in Abuja during a pre-application sensitization press conference.
“We have 1.2 million students in Nigeria today in Federal Government-owned tertiary institutions,” he said at the event.
“1.2 million is the maximum we can accommodate at the federal level. There might be opportunities to increase capacity but will work now with available spaces.”
According to him, measures have been put in place to ensure a smooth take-off of the scheme.
The student loan scheme portal will go live on Friday, May 24, 2024.