25 July 2026
TETFUND

NELFUND Urges Increased Participation in Student Loan Scheme from South-South, South-East Regions

The Nigerian Education Loan Fund (NELFUND) has called for greater involvement in its student loan scheme from institutions and students in the South-South and South-East regions of Nigeria. During a workshop in Abuja on Monday, May 5, 2025, NELFUND Managing Director Akintunde Sawyerr appealed to stakeholders to actively engage in the scheme’s process to support

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TETFUND

NELFUND Disburses Over N116bn in Student Loans Amidst Calls for Transparency

The Nigerian Education Loan Fund (NELFUND) has disbursed over N116 billion in student loans as of January 1, 2025, benefiting thousands of students across the country.  This was revealed during the agency’s budget defence session before the National Assembly Joint Committee on Tertiary Institutions and TETFUND in Abuja.  Out of the total disbursed amount, N37.7

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TETFUND

NOA Targets Universities, Banks Over Alleged Student Loan Mismanagement

The National Orientation Agency (NOA) has intensified efforts to address alleged irregularities in the disbursement of student loans under the Nigeria Education Loan Fund (NELFUND).  Investigations have uncovered instances where some universities and banks reportedly withheld or delayed approved loan disbursements, raising concerns about transparency and accountability in the scheme. The student loan initiative, re-enacted

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