The Nigerian Education Loan Fund (NELFUND) has asked students from an additional 22 state-owned tertiary institutions to apply for student loans.
In a statement posted on NELFUND’s official X account, it claimed the 22 institutions were added following a review by the Student Verification System committee. This brings the total number of state-owned institutions approved for the loan program to 108.
This expansion is part of the student loan initiative, a significant effort under President Bola Tinubu’s administration to improve access to education.
The Nigerian Education Loan Fund (NELFUND) was established under this law to manage all aspects of the student loan process, including application, approval, disbursement, and recovery. The fund is supported by multiple revenue sources and will engage in various productive activities to ensure its sustainability.
