The Managing Director of the Nigerian Education Loan Fund, NELFUND Mr Akintunde Sawyerr, has disclosed that the fund is receiving 1,500 applications daily and targets supporting approximately 1.8 million students in public tertiary institutions.
Speaking to journalists in Lagos, Sawyerr, revealed that over 330,000 students are already benefiting from the fund, out of more than 420,000 registered applicants.
The initiative, launched 200 days ago, aims to bridge the financial gap for students pursuing higher education.
“We estimate there are around 1.8 million students in publicly owned tertiary institutions. Of this figure, we believe 70 to 80 per cent may require financial support,” Sawyerr stated. “Our goal is to reach every single student who needs this loan. Currently, our penetration stands at over 330,000 beneficiaries, and the number is growing daily.”
