1.2 Million to Benefit as NELFUND Expands Students Loan Scheme

In an expand to the Student Loan, the Nigerian Education Loan Fund (NELFUND) has added 16 more state-owned tertiary institutions to its program, bringing the total number of registered institutions to 86.

This move is marked to increase the reach and impact of the program, which is expected to benefit over 1.2 million students.

NELFUND expressed delight at the expansion, saying, “We are delighted to share that an additional 16 state-owned institutions have now been added to the portal… Again, we are urging institutions that have yet to submit their accurate and complete student data to do so timely for their students to benefit from the programme.”

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The student loan scheme, a flagship program of President Bola Tinubu’s administration, aims to provide financial support to students in need.

With N35 billion approved for the scheme’s take-off, the government has begun disbursing loans to qualified students, paving the way for a more inclusive and accessible education system.