After a year of operation, the Nigeria Education Loan Fund, NELFUND, says it has reached a milestone of over 500,000 indigent students who have now applied for loans through its portal.
The Fund described the data as a major step forward in expanding access to higher education, in a statement by its Director of Strategic Communications, Mrs Oseyemi Oluwatuyi, on Friday.
According to NELFUND, this milestone, achieved within just 11 months of operations, underscores the critical need for accessible student financing in Nigeria and highlights the widespread trust in the Fund’s mission to democratize 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,” Managing Director of NELFUND, Mr. Akintunde Sawyerr, said.
The Fund noted that since the launch of the loan 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.
NELFUND reiterated its commitment to ensuring transparency, accessibility, and efficiency as the process continues, and calls on all stakeholders to join in supporting the vision of equitable education for all.
