Over 500,000 students apply for NELFUND loan in 11 months

Over 500,000 Nigerian students have applied for student loans through the Nigeria Education Loan Fund (NELFUND) portal in its first year of operation.

NELFUND said the milestone was achieved within just 11 months of operations, noting that this underscores the critical need for accessible student financing in Nigeria and highlights the widespread trust in NELFUND’s mission to democratise access to tertiary education.

“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,” the Managing Director/CEO of NELFUND, Akintunde Sawyerr, said in a statement on Friday, April 25, 2025.

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Sawyerr noted that since the launch of the portal, students across the country have actively engaged with the application process for both institutional and upkeep loans.

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

The Star