Akintunde Sawyerr, NELFUND MD
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 achievement aligns with the present administration’s agenda in restoring faith in making higher education more accessible.
The fund said it has disbursed over ₦116 billion in student loans since the inception of the programme.
The organisation stated that the loan covers institutional fees and upkeep allowances to students across universities, polytechnics, and colleges of education.
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“With this milestone, NELFUND stands as a shining example of a government initiative that is working, authentic, effective, and truly transformative,” the statement reads.
“The programme demonstrates that when leadership, vision, and accountability align, lasting change is possible.
“As the Fund continues to expand its reach and impact, it remains steadfast in its mission to ensure that no Nigerian is denied the opportunity to learn, grow, or contribute to national progress because of financial limitations.”
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Speaking on the achievement, Akintunde Sawyerr, the NELFUND managing director, described it as a defining moment in Nigeria’s journey toward equitable education financing.
“It is a testament to visionary leadership, sound policy design, and the collective efforts of all stakeholders driving this transformative agenda,” he said.
The fund also reaffirmed its commitment to continuous process improvement, ensuring that every qualified Nigerian student can access education funding with transparency, efficiency, and dignity.
NELFUND said it is a non-discriminatory initiative that benefits Nigerians of all faiths and tribes — Christians, Muslims, and others across diverse ethnic backgrounds.
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