The Nigerian government, through the Nigerian Education Loan Fund, NELFUND, has extended the loan application deadline for the 2025/2026 academic session from 31 January 2026 to 27 February 2026. The Managing Director of NELFUND, Mr Akintunde Sawyerr, disclosed this in a statement on Thursday by the agency’s spokesperson, Oseyemi Oluwatuyi. The extension is aimed at […]
Applicants for the student loan scheme have surpassed one million, according to the Nigerian Education Loan Fund (NELFUND). The milestone was achieved less than a year after the programme was launched on May 24, 2024, a statement on Sunday by the Director of Strategic Communications, NELFUND, Oseyemi Oluwatuyi, said. According to the agency, over N116bn […]
The Nigerian Education Loan Fund (NELFUND) says it has recorded over one million applications on its student loan portal. In a statement on Sunday, Oseyemi Oluwatuyi, the fund’s director of strategic communications, said the fund has disbursed over ₦116 billion in student loans since the inception of the programme. Oluwatuyi said the achievement “aligns with […]
The Managing Director of NELFUND, Mr Akintunde Sawyerr, has said that the current N20,000 monthly allowance to beneficiaries would not be increased immediately. Sawyerr disclosed this at a news conference on Monday in Abuja, when he was asked about upkeep stipends for Next Generation students under the scheme. He added that an ongoing review of […]
By Msugh Ityokura The Nigerian Education Loan Fund, NELFUND has disbursed a total of 54 billion naira for the payment of loans that students applied for N30 billion naira of the sum has been paid to 303 institutions while 24 billion has been paid as upkeep to 293,000 students who are Nigerians studying at tertiary […]
By Emma Okereh The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has commenced a comprehensive investigation into alleged discrepancies surrounding the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND). This action follows a recent media report alleging that no fewer than 51 tertiary institutions were implicated in illegal deductions and […]
By Titus Akhigbe The Managing Director of Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, had said that the organisation has disbursed over N35 billion to 261,000 students. Sawyerr stated this at a sensitisation programme for Edo students in conjunction with the Edo State Ministry of Education held at the Edo University, Iyamoh. “So far […]
The Management of the Nigerian Education Loan Fund (NELFUND) has announced the successful disbursement of monthly stipends for the month of July to 20,371 students from six tertiary institutions. This is contained in a statement made available to newsmen in Abuja on Monday by the Fund’s Director Finance and Accounts, Mr Ibom Uche. Uche said […]