NELFUND
The Nigerian Education Loan Fund (NELFUND) has disbursed a total of N110 billion to students and institutions across the country, according to recent data. Established in 1993, NELFUND is a government-backed loan scheme designed to provide financial assistance to students pursuing higher education in Nigeria. The fund is managed by the Federal Ministry of Education […]
On June 12, 2023, President Bola Tinubu enacted the Access to Higher Education Act, 2023, which provides interest-free loans to financially disadvantaged students for their studies at any Nigerian university or college. The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, announced that the federal government’s student loan scheme would be extended […]
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