The Nigerian Education Loan Fund (NELFUND) is set to open the student loan portal for the 2025/2026 academic session. In preparation for this, the body has urged accredited tertiary institutions to update their students’ records and upload the necessary documents. Oseyemi Oluwatuyi, the NELFund’s Director of Strategic Communications, stressed that only students whose documents and
The Nigerian Education Loan Fund (NELFUND) has paid out ₦19,540,000 to support 91 students at the Federal College of Agriculture, Moor Plantation, Ibadan (FCAIB). Before the disbursement, the institution sensitised the students about NELFund’s objectives, loan benefits, and application steps. The college, in a statement, appreciated the federal government for the funds, adding that the
The Nigerian Education Loan Fund (NELFUND) has cleared the University of Ilorin of any wrongdoing in the handling of students’ loan deductions. Speaking to journalists in Ilorin on Wednesday, NELFUND’s Executive Director of Operations, Mustapha Iyal, said the university was in good standing with the agency. He confirmed that all outstanding payments had been settled
The Nigerian Education Loan Fund (NELFUND) has directed all accredited tertiary institutions to update and upload student records on its Students Verification Portal ahead of the 2025/2026 academic session. In a statement on Thursday in Abuja, NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, said the exercise covers both returning and newly admitted students and aims
The Nigerian Education Loan Fund (NELFUND) has reopened its online portal for 48 hours after 203 tertiary institutions failed to upload their students’ data for the 2024/2025 loan application. According to a statement by the Fund’s Director of Strategic Communications, Oseyemi Oluwatuyi, the portal will be open from midnight on Sunday, October 12, to midnight
The Nigerian Education Loan Fund (NELFUND) has raised alarm over sharp increases in tuition fees across several higher institutions, warning that the trend could threaten the sustainability of its student loan programme. An internal report by the Fund, seen by The Guardian, showed that some universities and polytechnics have hiked their fees by between 20
The application portal for the 2024/2025 academic session of the Nigerian Education Loan Fund (NELFUND) will officially close on Tuesday, September 30 2025. This was announced in a statement by Mrs Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, on Monday. Oluwatuyi said the closure marks the conclusion of the second complete cycle of the
The Nigerian Education Loan Fund (NELFUND) has disbursed ₦42.8 million to 339 students of Adeyemi Federal University of Education, Ondo State, for the 2024/2025 academic session. The payment, made on August 28, covered institutional charges and was confirmed by the university’s Vice-Chancellor, Prof. B.I. Popoola, in a letter dated September 5. He acknowledged receipt of
The Nigerian Education Loan Fund, NELFUND, seeks more collaboration with the National Assembly to ensure the effective implementation of the new development levy, which takes effect on January 1, 2026. Under the recently approved National Taxation Act (NTA 2025), a 4 per cent development levy will be imposed on the profits of taxable companies to
The Nigerian Education Loan Fund (NELFUND) has called on the National Assembly to give more substantial support to ensure that its 25 per cent share from the newly approved development levy is fully realised and properly utilised. The levy, introduced under the National Taxation Act, will take effect from January 1, 2026. It places a
