VIDEO: 1.2 million students to benefit from student loan — NELFUND

The Nigeria Education Loan Fund (NELFUND) has announced that 1.2 million students from federal institutions will benefit from the pilot phase of the student loan scheme.

NELFUND’s Managing Director/Chief Executive Officer, Akintunde Sawyerr, shared this news in Abuja during a pre-application sensitization press conference on Monday, 20th May, 2024.

“We have 1.2 million students in Nigeria today in Federal Government-owned tertiary institutions,” Sawyerr stated at the event. “1.2 million is the maximum we can accommodate at the federal level.

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There might be opportunities to increase capacity, but we will work with the available spaces for now.”

He also mentioned that measures have been taken to ensure a smooth start to the scheme, as the student loan scheme portal is set to go live on Friday, May 24, 2024.

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