With “over 500,000 Nigerian students who have now applied for student loans through the NELFUND portal,” the Nigeria Education Loan Fund announced on Friday that it had achieved an incredible milestone in its first year of operation.
The milestone, which was reached in just 11 months of operation, emphasizes the urgent need for easily accessible student financing in Nigeria and the broad confidence in NELFUND’s mission to democratize access to postsecondary education, according to a statement released by its director of Corporate Communications, Oseyemi Oluwatuyi.For families all around Nigeria, this is a sign of hope, not just a number. In the release, Mr. Akintunde Sawyerr, NELFUND’s managing director and CEO, said, “NELFUND is proud to be at the heart of this transformation as we witness a nationwide demand for opportunity.”
Since the launch of the portal, students across the country have actively engaged with the application process for both institutional and upkeep loans, demonstrating the relevance and urgency of the Fund’s efforts.
NELFUND said it remains committed to ensuring transparency, accessibility, and efficiency as the process continues, and calls on all stakeholders to join in supporting the vision of equitable education for all.
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