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AGF Fagbemi warns beneficiaries against abusing NELFund

Fadiran Ifeloluwa October 19, 2024

The Attorney-General of the Federation and Minister of Justice, Prince Lateef Fagbemi, has warned against the misuse of the Nigerian Education Loan Fund (NELFund), a significant project of President Bola Ahmed Tinubu’s administration that has disbursed loans totalling N84.2 billion.

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NELFUND disburses N84.2 billion to 258,943 students — Reps member

Fadiran Ifeloluwa October 7, 2024

Mr Gboyega Isiaka, Chairman of the House of Representatives Committee on Polytechnic and Higher Technical Education, has revealed that the Nigerian Education Loan Fund, NELFUND, has disbursed N84.2 billion to applicants as of September 2024, with N27.5 billion and N56.7 billion in institutional and upkeep facilities, respectively. Isiako, who made the announcement at the

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NELFUND approves loans for 3,283 UI students

Fadiran Ifeloluwa September 19, 2024

The management of the University of Ibadan has acknowledged that the Nigerian Education Loan Fund has approved loan applications for 3,283 students at the university. In an internal memo issued on Wednesday, management stated that the loans had been approved, but the funds had yet to be received. The memo, signed by the institution’s Registrar, G. O. […]

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Umeh warns scholarship students not to apply for the FG loan scheme

Fadiran Ifeloluwa September 6, 2024

Senator Victor Umeh of Anambra Central Senatorial Zone has advised students in his scholarship program not to apply for the federal government’s student loan plan. Umeh made this statement yesterday during the Anambra Central Scholarship Programme in Awka, which benefited 223 students from various tertiary institutions across the zone’s seven local

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Kano, Borno, Benue indigenes top student loan applicants’ list

Fadiran Ifeloluwa August 30, 2024

Nigerian students from Kano, Borno, and Benue states are the top three applicants of the student loan scheme, data from the Nigerian Education Loan Fund has revealed. NELFUND, in a data chart posted via its official X handle, @nelfnigeria on Friday, highlighted the number of applicants per state of origin. According to the data chart, […]

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Lawmaker warns against politicising students’ loan scheme

Fadiran Ifeloluwa August 26, 2024

Terseer Ugbor (APC-Benue), a member of the House of Representatives, has warned against politicising the disbursement of loans to students at educational institutions across the country. In a statement issued on Friday, Mr Ugbor, who represents the Kwande/Ushongo Federal Constituency in Benue State, requested openness and transparency in the management and dispensing of

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S/East NASS Caucus protests exclusion of its students in disbursement of FG’s loan

Fadiran Ifeloluwa August 26, 2024

The National Assembly Caucus of members from the South East has protested the Nigerian Education Loan Fund’s (NELFUND) refusal to include students from that geopolitical zone in loan disbursements. In a statement by the leaders of the Caucus, Senator Enyinnaya Abaribe and Hon igariwey Iduma titled, “Re-Non-inclusion of Beneficiaries from South East Tertiary

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Student loan: N20,000 monthly stipend may be increased, according to NELFUND

Fadiran Ifeloluwa August 15, 2024

The Nigerian Education Loan Fund stated that it would regularly review Nigerian students’ N20,000 monthly stipends depending on economic realities. Oseyemi Oluwatuyi, the Fund’s Director of Corporate Communications, confirmed this in an interview with our correspondent in Abuja on Wednesday. In addition to institutional fees, student loan candidates can apply

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FG approves 22 more state-owned institutions for student loans (Full List)

Fadiran Ifeloluwa August 14, 2024

The Nigerian government has approved 22 more state-owned tertiary institutions across the country to apply for student loans. The institutions were cleared on Wednesday, August 14, by the Nigerian Education Loan Fund (NELFUND), the body in charge of handling all loan requests, grants, disbursement, and recovery. In a statement posted on X, NELFUND stated that the

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NELFUND disburses N201 million education loan to 1,370 UI students

Fadiran Ifeloluwa August 14, 2024

The University of Ibadan in Oyo State announced that it received N201,114,650 from the Nigerian Education Loan Fund for 1,370 students for the 2023/2024 academic session. Joke Akinpelu, the university’s Director of Public Relations, made the statement on Tuesday in Ibadan. An internal memo dated August 9 said that the funds were deposited into the institution’s

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BUK, Unimaid get lion share of 71% as NELFUND releases N2bn for student loan

Fadiran Ifeloluwa August 11, 2024

The Federal government of Nigeria has provided over 20,000 students at six of the nation’s universities with over ₦2 billion in student loans, a significant increase in the accessibility of higher education in the nation. According to Economic Confidential, Bayero University Kano (BUK) benefited the most, receiving ₦853,775,000.00 in loans for 7,788 students, or 42%

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Why we are not enthusiastic about students’ loan scheme — Undergraduates

Fadiran Ifeloluwa August 4, 2024

The air around the Student Loan Act, signed by President Bola Ahmed Tinubu, remains unclear with many Nigerian students and parents perplexed as to what the legislation stands to offer them. Some Nigerians appear to be concerned that, while the Student Loan Act appears to provide indigent students with interest-free tuition loans, the system is a mirage based

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FG disburses N2.5 billion tuition fees for 22,120 students in 12 institutions

Fadiran Ifeloluwa August 3, 2024

The Nigerian Education Loan Fund announced it has disbursed more than N2.5 billion in tuition fees to 12 institutions throughout the country. Nasir Ayitogo, the Fund’s spokesman, said in a statement issued Friday in Abuja that the exercise benefited 22,120 students. According to Mr Ayitogo, the gesture was consistent with President Bola Tinubu’s commitment to

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NELFund disburses over N1.1 billion loans to 20,000 beneficiary students

Fadiran Ifeloluwa August 1, 2024

The Nigerian Education Loan Fund (NELFUND) said Monday that it has disbursed a total of N1.17 billion to 20,000 students across five of the country’s public tertiary institutions. Akintunde Sawyerr, Managing Director of NELFUND, announced this during a news conference in Abuja, saying one more institution would be added before the end of the day, […]

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Student Loan: Kano APC enlightens students on application process and access

Fadiran Ifeloluwa July 24, 2024

The Kano State All Progressives Congress (APC) Students Council has organised a sensitisation workshop on the Nigerian Education Loan Fund to help students comprehend the application and access process. Abdullahi Ganduje, the National Chairman of the All Progressives Congress (APC), was represented by Suleiman Bichi, who emphasised the significance of education and

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Tinubu launches student loan, says education is key to fighting poverty

Fadiran Ifeloluwa July 18, 2024

On Wednesday in Abuja, President Bola Tinubu delivered cheques to the first batch of recipients of the Nigerian Education Loan Fund (NELFUND), also known as the student loan scheme. The president stated that the student loan was critical to combating poverty, aligned with his administration’s commitment to inclusivity, and guaranteed adequate money to sustain the

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Student loans will be disbursed according to academic calendars — NELFUND

Fadiran Ifeloluwa July 13, 2024

The Nigerian Education Loan Fund has stated that loans applied for under the student loan scheme will be disbursed to applicants per their respective institutions’ academic calendars. Nasir Ayitogo, NELFUND’s Head of Media and Public Relations, confirmed this in an interview with our correspondent in Abuja on Friday. “Funds will be disbursed according to each

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Osun State Emerges First In NELFUND’s Process

Fadiran Ifeloluwa July 10, 2024

According to the Nigerian Education Loan Fund (NELFUND), Osun State has the highest number of students applying for student loans. Mr. Sawyer Akintude, the Managing Director, made the announcement yesterday in Osogbo during a visit to Governor Ademola Adeleke’s office. He stated, “I can tell you today that Osun State has the highest number of […]

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NELFUND Lists 36 State-Owned Institutions Qualified for Student Loan

Fadiran Ifeloluwa July 8, 2024

The Nigerian Education Loan Fund (NELFUND) has announced that 36 state-owned tertiary institutions have signed up for the student loan scheme. It was also highlighted that students from the universities can now apply for the loan effective July 7, 2024. NELFUND announced this on Sunday through their official X handle (formerly Twit­ter). The tweet reads, […]

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NELFUND Postpones Student Loan Applications for State-owned Institutions

Fadiran Ifeloluwa June 25, 2024

The Nigerian Education Loan Fund (NELFUND) has announced a 14-day extension for the student loan application procedure for state universities, citing low data submission rates. Several state-owned schools failed to upload required student data and fee information to the NELFUND Student Verification System, prompting the decision. According to a statement issued in Abuja on