The Nigerian Education Loan Fund (NELFUND) has officially opened its online portal for student loan applications for the 2025/2026 academic session, enabling eligible students to apply for financial aid to support their higher education. This announcement was made in a statement posted on NELFUND’s official X (formerly Twitter) account on Tuesday, titled “NELFUND Announces Opening…
The Nigerian Education Loan Fund (NELFUND) has reassured stakeholders that its operations will not be disrupted by the ongoing industrial action declared by the Academic Staff Union of Universities (ASUU). Speaking on The Morning Brief, a breakfast programme on Channels Television, NELFUND’s Managing Director and Chief Executive Officer, Akintunde Sawyerr, expressed optimism that the strike…
The Nigerian Education Loan Fund (NELFUND) has officially closed its application portal for the 2024/2025 academic session to finalize pending applications and upkeep payments. The loan portal will reopen in the second week of October for new applications, remaining open until January 2026, aiming to expand access to interest-free student loans. NELFUND’s Managing Director, Akintunde…
The Nigerian Education Loan Fund (NELFUND) announced on Thursday that the disbursement of upkeep loans will now be strictly aligned with the academic calendar of each institution. This update was disclosed in a statement signed by Oseyemi Oluwatuyi, NELFUND’s Director of Corporate Communications. “Following this new policy, students will only receive upkeep loans during their…
The Nigerian Education Loan Fund (NELFUND) has called on student leaders across tertiary institutions to take ownership of the newly introduced interest-free education loan scheme. Speaking during a stakeholders’ engagement session and technical workshop on NELFUND system automation and loan application processes in Abuja, the Executive Director of Operations, Iyal Mustapha, encourages student leaders to…
NELFUND Denies ₦71bn Misappropriation, Affirms Integrity of Student Loan Scheme The Nigeria Education Loan Fund (NELFUND) has firmly denied reports alleging that ₦71 billion has gone missing from the student loan scheme it manages. This comes in response to a recent report suggesting that some educational institutions may have diverted funds intended for student loans,…
The Nigerian Education Loan Fund (NELFUND) has denied claims of mismanagement in disbursing student loan funds. They development comes after the Independent Corrupt Practices and Other Related Offences Commission (ICPC) said it was investigating alleged corruption in the disbursement of the funds. In a statement by the fund’s Director of Strategic Communications, Oseyemi Oluwatuyi, NELFund…
The Academic Staff Union of Universities (ASUU) has appealed to the Federal Government not to systemically phase out the Tertiary Education Trust Fund (TETFund) which has “transformed” tertiary educational institutions in Nigeria in the last three decades. ASUU has cautioned that undermining TETFund’s funding to support the Nigerian Education Loan Fund (NELFUND) would cripple public…
President Bola Tinubu’s premier initiative in the field of education is the rollout of the student loan program. The Nigeria Education Loan Fund has stated that students from the following 22 state-owned tertiary schools can now apply for loans on its portal: nelf.gov.ng. This information was shared via @NELFUND on X. This came after the…
In a single day, 9,687 students applied for school loans from the Nigeria Education Loan Fund (NELFUND). The number is the largest since the NELFUND started its application process on May 25 for prospective students to apply for stipends and tuition. This was announced in a statement released by Oseyemi Oluwatuyi, Director of Corporate Communications at NELFUND, yesterday….
