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 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 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 Federal Government has disbursed more than ₦90 billion to support the education and welfare of over 400,000 students in Nigerian tertiary institutions through the Nigerian Education Loan Fund (NELFUND). Minister of Information and National Orientation, Alhaji Mohammed Idris, announced the figures during a visit by the Conference of State Commissioners of Information, led by
Nigeria’s President, Bola Ahmed Tinubu, has directed the Nigerian Education Loan Fund (NELFUND) to ensure that the student loan programme lasts for many years. The programme, which offers interest-free loans to Nigerian students, is seen as a significant step toward improving access to higher education. Speaking in Abuja, NELFUND’s Managing Director, Mr. Akintunde Sawyerr, described
The Nigerian Education Loan Fund (NELFUND) has provided interest-free loans to over 396,000 students since its inception in May 2024. This was revealed by NELFUND boss, Akintunde Sawyerr, during a media chat on July 17, 2025. Sawyerr said over 645,000 students across Nigeria have applied so far. The digital loan system, he noted, ensures smooth
The Nigerian Education Loan Fund (NELFUND) states that it has completed the disbursement of upkeep payments to over 3,600 students who had previously registered with digital-only banking platforms. In a statement issued by its Director of Strategic Communications, Mrs Oseyemi Oluwatuyi, the Fund stated that the affected students had faced delays due to issues with
Hon. Abbas Tajudeen, Speaker of the House of Representatives, has said that public officials or institutions found guilty of misappropriating the student loans disbursed by the Nigerian Education Loan Fund (NELFUND) will be punished under the law. He mentioned this during the flag-off of the investigative hearing of the ‘Alleged unethical practices in the disbursement
