NELFUND disburses N10 billion to 40,000 students, commits over N90 billion to education loans

The Nigerian Education Loan Fund (NELFUND) has disbursed N10 billion in loans to 40,000 students across the country. This was disclosed by the Managing Director of NELFUND, Mr. Akintunde Sawyerr, during an interview on Politics Today with Seun Okinbaloye on Channels Television.

Sawyerr revealed that 370,000 students have registered on the NELFUND portal, with 280,000 applying for loans. Additionally, 89,000 students remain undecided, having logged into the system but not yet completed the application process. “We engaged students electronically, not physically,” Sawyerr said, adding that students from universities, polytechnics, and colleges of education are eligible to apply for both institutional and upkeep loans.