Student Loan: N1.7bn Disbursed to 20,000 Applicants, Says NELFUND MD The Nigerian Education Loan Fund said on Wednesday it had disbursed a total of N1.17bn to 20,000 students in five of the public tertiary institutions that applied for the loan. The Managing Director of NELFUND, Akintunde...

Tinubu Launches Student Loan Fund with N32bn to Kick-start Programme President Bola Tinubu has launched the Nigeria Education Loan Fund (NELFUND), emphasising the importance of education as a vital tool in combating poverty and achieving national development. Speaking at the official launch of the NELFUND...

Student Loan: FG Unveils State-Owned Institutions Eligible to Apply The Nigerian Education Loan Fund (NELFUND) has listed state-owned schools eligible for the student loan scheme. In a Sunday statement, NELFUND said students from the 36 schools can now submit their applications for the student loan fund...

First Phase of Student Loan Scheme launched The pilot phase of Nigeria’s student loan scheme has gone live with federal tertiary institutions as beneficiaries. President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students. The scheme...

Jim Ovia to Chair Tinubu’s Education Loan Fund   President Bola Tinubu has approved the appointment of Mr. Jim Ovia, CFR, renowned banker and businessman, as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). Mr. Ovia is the founder of one of Nigeria's...