*Over ₦116 billion already disbursed to Students in Universities
By Hussain J-Isah
The Nigerian Education Loan Fund ,NELFUND, has declared that applications for the federal student loan scheme is now over one million and now one of the most sought after social intervention programmes under the Tinubu-led administration.
In a statement on Sunday,NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, stated this on Sunday saying that the significant feat was recorded within six months after the scheme’s launch on May 24, 2024.
He stated that the feat came as a strong indicator of growing national confidence in the programme. According to the NELFUND, statement, more than ₦116 billion has been disbursed to students in universities, polytechnics, and colleges of education spread across the country.
It explained that the disbursements cover both tuition and upkeep allowances aimed at easing the financial burden on beneficiaries
NELFUND’s Managing Director, Akintunde Sawyerr, hinged the success of the initiative on President Tinubu’s Renewed Hope agenda, which has continued to prioritise inclusive access to education.
He said: “Crossing the one-million mark represents more than data; it symbolises renewed hope for a generation of Nigerians determined to rise above financial barriers to education.
“It is a testament to visionary leadership, sound policy design, and the collective effort of all stakeholders driving this transformative agenda.”
NELFUND therefore restated its readiness to boosting access, transparency and efficiency in the loan process, assuring Nigerians that every qualified student , regardless of background or location will be entitled to access the scheme.
The statement added that the loan programme is non-discriminatory and inclusive, cutting across all religious and ethnic lines while promoting unity through equal educational opportunities, stressing further that it remained focused to ensuring that eligible Nigerians have opportunity to learn, grow without any financial setbacks.
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