NELFUND Clarifies Student Loans Are Voluntary
By Sofiat Adenekan-Abdul The Nigerian Education Loan Fund NELFUND, has clarified that student loans are voluntary, urging tertiary institution students to apply only when they need financial assistance. The fund’s Director of Strategic Communications, Oseyemi Oluwatuyi, stated this in a statement issued in Abuja on Wednesday. NELFUND said the scheme aims to remove financial barriers […]
NELFUND: keeping Nigerian students in school
By Anayo Akwitti For many Nigerian students, going to university is no longer just about gaining admission. It is also about finding the money to remain there. Tuition, accommodation, transport and food costs have continued to put pressure on students and their families, forcing some to combine their studies with jobs or depend on relatives […]
Senate Expands Safe Schools Probe, Extends Panel’s Mandate
By Anayo Akwitti The Senate has expanded the scope of its investigation into the Safe Schools Initiative (SSI), bringing key education funding and social intervention agencies under scrutiny while granting its Ad-hoc Committee an additional three weeks to conclude its assignment. The decision followed a motion moved on Tuesday by Chairman of the Ad-hoc Committee, […]
NELFUND Probes 34 Schools Over Tuition Refund Delays
By Zainab Bakare The Nigerian Education Loan Fund (NELFUND) has launched an investigation into 34 tertiary institutions over allegations that they failed to refund students whose tuition fees were paid twice under the Federal Government’s student loan scheme. Managing Director of NELFUND, Akintunde Sawyerr, disclosed this during a televised interview, saying the probe was triggered […]
NASS Partners NELFUND on expansion of Students Loan Scheme .
By Anayo Akwitti The National Assembly has collaborated with the Nigerian Education Loan Fund (NELFUND) , to increase the number of beneficiaries of the scheme from one point six million to seven million to reflect equity and ensure national transformation . Managing Director of NELFUND, Akintunde Sawyerr , declared that beneficiaries of the scheme which […]
NELFUND Disburses Over ₦242bn to 1.38 Million Students Across Nigeria
By Oluwakemi Kindness The Nigerian Education Loan Fund (NELFUND) says a total of 1,388,592 students have so far benefited from its student loan scheme across Nigeria. According to its daily status report released on Monday, the agency disclosed that it has received 1,778,854 applications since the launch of the programme. It notes that 353 new […]
NELFUND: Over 20,900 North-West Students Receive Interest-Free Loans
By: Aremu Toyeebaht The Federal Government has disbursed N2.086 billion through the Nigerian Education Loan Fund (NELFUND) to benefit students of higher institutions across the North-West, officials said on Tuesday. Alhaji Mukhtar Lawal-Tsagem, Director of the National Orientation Agency (NOA), Katsina State Directorate, revealed the figures in Katsina during a one-day sensitisation programme organised by […]
NELFUND Records ₦86.3bn to 450,000 Students Since Scheme Launch
By: Aremu Toyeebaht The Nigerian Education Loan Fund (NELFUND) has revealed that 449,039 students have so far benefited from its student loan scheme since the launch of its online portal on May 24, 2024. According to the latest daily status report released on Monday, August 11, 2025, the scheme had disbursed a total of ₦86,347,458,384 […]
Reps Probe Student Loan Irregularities in Nigeria
By Oluuwakemi Kindness The House of Representatives has launched an investigation into alleged unethical practices in the disbursement of Nigeria’s student loan scheme, following reports of irregularities and lack of transparency in the process. The probe by a Joint Committee of the House, focuses on the implementation of the Nigerian Education Loan Fund (NELFUND), established […]
NELFUND Refutes ICPC’s Allegation of Fund Diversion
By Oluwakemi Kindness The National Education Loan Fund (NELFUND) has dismissed claims by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) that it diverted funds meant for student loans. Speaking before the House of Representatives Committee on Students Loan, Scholarship, and Higher Education, the Managing Director of NELFUND, Adekunle Sawyer, firmly denied any […]