A significant milestone has been reached by the Nigeria Education Loan Fund (NELFUND), as over 500,000 Nigerian students have applied for loans within the first 11 months of the Fund’s operations. This achievement underscores the growing need for accessible and affordable student financing across the country.
Since the launch of the NELFUND portal, students from various parts of Nigeria have eagerly taken advantage of the opportunity to apply for loans, both for their institutional fees and upkeep expenses. The surge in applications reflects the importance of such financial assistance to families and students who face challenges in funding their education.
Mr. Akintunde Sawyerr, the Managing Director and CEO of NELFUND, expressed his satisfaction with the response, noting that the high number of applicants signifies much more than just a statistic. “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.
