The Nigerian Education Loan Fund (NELFUND) has reached a major milestone, receiving over one million applications through its student loan portal since the platform was launched on May 24, 2024.
According to a statement released on Sunday by NELFUND’s Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, the achievement represents a major stride in President Bola Ahmed Tinubu’s Renewed Hope Agenda, which aims to make higher education more accessible while boosting public confidence in government-driven empowerment initiatives.
So far, the agency has disbursed more than ₦116 billion in student loans, covering both tuition and maintenance allowances for beneficiaries across universities, polytechnics and colleges of education nationwide.
NELFUND said the initiative underscores the Federal Government’s strong commitment to human capital development and inclusive growth.
Speaking on the development, NELFUND’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr, described the milestone as “a defining moment in Nigeria’s pursuit of equitable education financing.”
“Crossing the one-million mark represents more than numbers, it embodies renewed hope for a generation of Nigerians determined to rise above financial barriers to education,” he said. “It’s proof that sound leadership and effective policy design can deliver life-changing results.”
The Fund also reaffirmed its commitment to transparency, efficiency, and accessibility, pledging to ensure that every eligible Nigerian student regardless of background or location can access educational funding with ease and dignity.
As NELFUND broadens its reach, it has emerged as one of the most impactful and transparent government initiatives in recent years. Beyond providing financial support, the Fund is fostering national unity by serving Nigerians across all regions, faiths, and ethnic backgrounds, creating a shared path toward opportunity and progress.
Advertisement
