Student Loan Applications hit over 500,000 in 11 months, NELFUND Says

Nigerian Education Loan Fund (NELFUND)

Student Loan Applications hit over 500,000 in 11 months, NELFUND Says

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The Nigeria Education Loan Fund (NELFUND) has disclosed that in its first year of operation, over 500,000 Nigerian students applied for loans through the NELFUND portal.

The fund said this was achieved within just 11 months of operations, underscoring the need for accessible student financing in Nigeria.

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Managing Director/CEO of NELFUND, Mr. Akintunde Sawyerr, said: “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,”

He said 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.

While noting that NELFUND remains committed to ensuring transparency, accessibility, and efficiency as the process continues, he called on all stakeholders to join hands in supporting the vision of equitable education for all.

He equally urged students to contact their team for more information.