Edu News

NANS Threatens Protest Over Alleged Diversion of Student Loan Funds

Fadiran Ifeloluwa April 18, 2025

The leadership of the National Association of Nigerian Students has demanded an investigation into claims that some tertiary institutions are misappropriating student loan funds. The association has also threatened to hold a large-scale protest on April 24 to push for accountability from

Edu News

Student loan: Some tertiary institutions are cheating students, says NOA

Fadiran Ifeloluwa April 14, 2025

Recent findings from the National Orientation Agency (NOA) have uncovered that certain universities and financial institutions are working together to cheat students out of their entitled Federal Government Student Loan Funds. This was revealed in a new report shared by the Community Orientation and Mobilisation Officers (COMO) of NOA. The Director General of NOA, Mallam

Edu News

Student Loan: NELFUND to End 2023/2024 Application Cycle on February 21

Fadiran Ifeloluwa February 18, 2025

The Nigerian Education Loan Fund (NELFUND) has announced that the student loan application cycle for the 2023/2024 academic year will close on February 21, while applications for the 2024/2025 cycle will begin on February 22. During a press conference in Abuja yesterday, NELFUND’s Managing Director, Akintunde Sawyerr, stated that the transition to the 2024/2025 cycle […]

Edu News

NELFUND: Students express frustration over loan delays as exams approach

Fadiran Ifeloluwa February 15, 2025

Students from at least 23 public universities and polytechnics have expressed concerns over the delayed release of their approved institutional loans from the Nigerian Education Loan Fund, as deadlines for tuition payments and upcoming examinations draw closer. On April 3, 2024, President Bola Tinubu signed the Students Loan (Access to Higher Education) (Repeal and

Edu News

NANS Urges Southern Students to Apply for Student Loan Scheme

Fadiran Ifeloluwa January 20, 2025

The National Association of Nigerian Students (NANS) has urged students in southern Nigeria to take advantage of the Nigerian Education Loan Fund (NELFUND) to alleviate financial challenges in their educational pursuits. This appeal was made in a statement issued on Monday by Abdul-Yekinn Odunayo, the Clerk of the Senate at NANS National headquarters, in Abeokuta, […]

Edu News

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. Speaking at the 39th Convocation Lecture of the University of Ilorin on Friday, the

Edu News

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

Edu News

FG proposes 30% TETfund allocation for student loans

Fadiran Ifeloluwa September 26, 2024

The Federal Executive Council is proposing a bill that will direct 30% of Tertiary Education Trust Fund allocations to the Student Loan Scheme. The bill aims to amend Section 3 of the Tertiary Education Trust Fund Act No. 16, 2011, titled ‘Establishment of the Tertiary Education Trust Fund.’ Mr. Bayo Onanuga, Special Adviser to the […]

Edu News

NANS seeks review of student loan amid fuel price hike

Fadiran Ifeloluwa September 10, 2024

The National Association of Nigerian Students (NANS) has urged the Federal Government to increase the N20,000 stipend paid to student loan recipients by the Nigerian Education Loan Fund (NELFUND) to N40,000. NANS Senate President Akinteye Babatunde stated that this will allow students to adjust to the recent increase in petrol pump prices by the Nigerian National Petroleum

Edu News

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

Edu News

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, […]

Edu News

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

Edu News

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

Edu News

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

Edu News

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%

Edu News

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

Edu News

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

Edu News

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

Edu News

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 […]

Edu News

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, […]