Edu News

70,000 Eligible Applicants to Receive N35 Billion in Student Loans from FG

Fadiran Ifeloluwa June 23, 2024

President Bola Tinubu has approved N35 billion for the withdrawal of the student loan scheme. The Nigerian Education Loan Fund (NELFUND) has already approved 70, 000 applications. Another 50,000 applications are being reviewed and will be granted within 30 days. The Nation acquired the figures

Edu News

137 federal institutions subscribed to student loan, says NELFUND

Fadiran Ifeloluwa June 18, 2024

According to data from the NELFUND website revealed on Monday, 137 institutions across the country have now subscribed to the Nigerian Education Loan Fund. The data did not include the names of the collaborating institutions, nor did it clarify whether they are federal or state-controlled. In its data insight section, it merely stated, “137 collaborating with […]

Edu News

Student Loan: NELFUND states that all technical issues on site are fixed; invites students to reapply

Fadiran Ifeloluwa June 18, 2024

The management of the Nigerian Education Loan Fund (NELFUND) has recommended applicants experiencing difficulties to reapply for the student loan, stating that all technical issues with the website have been fixed. NELFUND made this announcement on their X (previously Twitter) account on Monday. NELFUND, the organisation in charge of the student loan scheme, stated

Edu News

Nigerian international students are not eligible for loan scheme — FG

Fadiran Ifeloluwa June 1, 2024

The Nigerian Education Loan Fund has confirmed that Nigerian students studying abroad are ineligible for the recently launched student loan scheme. This information was announced on Friday by NELFUND’s Managing Director, Akintunde Sawyerr. The Access to Higher Education Act of 2023, signed into law by President Bola Tinubu on June 12, promises to provide

Edu News

State-owned institution students’ to begin loan application June 25 – NELFUND

Fadiran Ifeloluwa May 31, 2024

Over 60,000 students from Federal universities have registered for the student loan since the application portal launched last Friday. The Fund also announced that the portal would be open for applications from students at state-owned tertiary institutions on June 25th, 2024. Akintunde Sawyerr, the Fund’s Managing Director/Chief Executive Officer, disclosed

Edu News

30,000 have successfully registered for student loans – FG

Fadiran Ifeloluwa May 31, 2024

The Nigerian Education Loan Fund (NELFUND) reports that 30,000 students have successfully enrolled for the student loan scheme, with over 60,000 individuals registering on the fund’s website. Akintunde Sawyerr, NELFUND Managing Director, announced this during a press briefing in Abuja on Thursday. On June 12, 2023, President Bola Tinubu signed the Access to Higher

Edu News

ASUU: Students loan is a ploy to enslave Nigerian students

Fadiran Ifeloluwa May 28, 2024

The Academic Staff Union of Universities, Calabar Zone, has condemned the Federal Government’s planned Student Education Loan, calling it a ploy to enslave Nigerian students and keep them in debt to the country forever. Dr. Happiness Uduk, Zonal Chairperson of ASUU, spoke at a press conference in Uyo, Akwa Ibom State capital, on Monday. She expressed […]

Edu News

126 federal institutions approved for student loans (Full List)

Fadiran Ifeloluwa May 27, 2024

The student loan scheme started on Friday after multiple delays. However, just 126 federal institutions will benefit from the first phase of the initiative, which aims to make education more accessible to indigent students. According to the Nigerian Education Loan Fund (NELFUND), the first phase would target 1.2 million students from federal-government-owned universities,

Edu News

NELFUND responds to complaints about the student loan portal hours after its launch

Fadiran Ifeloluwa May 25, 2024

The Nigerian Education Loan Fund (NELFUND) has addressed recent complaints from students experiencing difficulties applying on the Student Loan Application portal. The organisation tackled some of these concerns collectively as follows: The loan website, which went live early Friday, is now accessible for students of federal tertiary institutions as part of the scheme’s

Edu News

Only students of federal institutions will receive student loans for now — FG.

Fadiran Ifeloluwa May 21, 2024

The federal government has announced that the student loan scheme will only be available to applicants from federal universities, as the program will be executed in phases. This was announced on Monday by Akintunde Sawyerr, managing director of the Nigeria Education Loan Fund (NELFUND), during a conference in Abuja. “We will soon begin a programme […]

Edu News

Why are JAMB admission, NIN, and BVN requirements for student loans? By Frederick Femi Akinfala

Fadiran Ifeloluwa May 12, 2024

The demand for higher education in Nigeria continues to rise, resulting in an increase in need for student financial support. Students can support their studies through student loan schemes offered by the government and financial institutions. Having worked as a lecturer and student advisor for more than a decade, I have seen countless cases of ‘ghost’ […]

Edu News

Jim Ovia has been appointed to chair the Nigerian Education Loan Fund

Fadiran Ifeloluwa April 27, 2024

President Bola Tinubu has approved the nomination of Mr. Jim Ovia, a well-known banker and businessman, as Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). Mr. Ovia is the founder of one of Nigeria’s largest banks and a respected business leader who has made several efforts and contributions to the development and […]

Edu News

We guarantee transparency and accountability with Student Loan Funds – NELFUND

Fadiran Ifeloluwa April 18, 2024

Mr. Akintunde Sawyer, Managing Director/Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), has stated that the fund will be properly administered. The NELFUND executive emphasised that the fund is intended for indigent children who require unrestricted access to education. He stated that NELFUND will ensure that every kobo disbursed from the fund is

Edu News

Student Loan Scheme set to launch with 1.2 million beneficiaries

Fadiran Ifeloluwa April 17, 2024

The first group of beneficiaries of the Bola Ahmed Tinubu Administration’s Student Loan Scheme would include 1.2 million young Nigerians. The process of participation in the initiative, whose enabling law was signed by President Tinubu on April 3, would begin “anytime soon,” according to Mr. Akintunde Sawyer, Managing Director/Chief Executive Officer

Edu News

President Tinubu appoints management for the Nigerian Education Loan Fund

Fadiran Ifeloluwa April 6, 2024

President Bola Tinubu has selected the management team for the Nigerian Education Loan Fund (NELFUND) in an effort to improve access to higher education and stimulate vital skill development among Nigerian students. The management team has been tasked with supervising the Nigeria Education Loan Fund, an entity established to provide financial assistance in the form […]

Edu News

Use the student loan programme to develop digital skills

Fadiran Ifeloluwa April 2, 2024

The Director-General of the National Information Technology Development Agency (NITDA), Abdullahi Kashifu Inuwa, has encouraged the Nigeria Education Loan Fund (NELFUND) to prioritise short courses in digital skills. The call is very appropriate and timely, and it represents a huge step forward in Nigeria’s digitization path, particularly as the country’s

Edu News

FG postpones launch of student loan scheme indefinitely

Fadiran Ifeloluwa March 13, 2024

The Federal Government has postponed the commencement of the Nigerian Student Loan Scheme indefinitely. The Executive Secretary of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyer, claimed this in an interview with ARISE NEWS. According to Sawyer, the loan, which was originally scheduled to start on Thursday, has been postponed again due to certain

Edu News

NITDA suggests that NELFUND integrate digital skills for students

Fadiran Ifeloluwa March 12, 2024

The National Information Development Agency (NITDA) has proposed that the Nigerian Education Loan Fund (NELFUND) offer short digital skills training to students. Mr Kashifu Inuwa, Director-General of NITDA, made this statement during a visit to their Abuja office by the NELFUND team, led by Executive Secretary Mr Akintunde Sawyer. NELFUND, which is in charge of […]

Edu News

FG says student loan recovery will commence two years after NYSC

Fadiran Ifeloluwa March 7, 2024

The Federal Government has declared that payments for the Nigeria Education Loan Scheme (NELFund) will commence two years after beneficiaries have completed the National Youth Service Scheme (NYSC). Dr. Akintunde Sawyer, NELFund’s Executive Secretary, revealed this information in an interview with the News Agency of Nigeria (NAN) on Thursday in Abuja. Sawyer

Edu News

Federal Government speaks on how student loan can be accessed

Fadiran Ifeloluwa January 23, 2024

Federal Government’s student loan plan will be easy to apply for, according to officials. They said there will be no human contact and that everything will be automated. Dr. Akintunde Sawyerr, the Students Loan Board’s executive secretary and chief executive officer, told the press at the Aso Villa following his meeting with President Bola Ahmed […]