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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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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 […]

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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

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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

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, […]

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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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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

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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%

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

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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

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, […]

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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

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

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