Nigeria student loan

Student loan: 30,000 applicants successfully registered in 6 days – NELFUND

No fewer than 60,000 applicants have so far applied for student loan since the portal’s opening last Friday, the Managing Director of Nigerian Education Loan Fund (NELFUND), Mr Akintunde Sawyerr, has claimed.

According to NELFUND MD, while stating this on Thursday during a media chat in Abuja, out of the 60,000 applications, 30,000 students had successfully completed the process to access the loan, adding that the Fund had over 9.5 million hits on the site so far.

He said “the extraordinary surge” in applications was a testament to the critical need for financial assistance amongst the students.

He said, “We are pleased to report that over 90 per cent of Federal institutions of Higher Learning have submitted their students’ data to NELFUND. However, we urge the remaining two federal universities and five federal polytechnics to expedite the process to ensure all eligible students can access the funds’ financial support.”

Sawyerr also disclosed that the fund would commence accepting applications from students at state-owned tertiary institutions on June 25, 2024, while urging the state-owned tertiary institutions to submit their students’ data immediately, as requested, to facilitate a smooth and seamless application process.

Sawyerr also disclosed that beyond financial assistance, NELFUND recognised the profound importance of equipping youths with practical, market-relevant skills.

“Six months from today, we will launch a comprehensive skill acquisition programme, providing training in various vocational and technical fields,” he said.

According to him, the programme is designed to prepare students to meet the demands of the modern job market, fostering entrepreneurship and innovation among young people.

While commending President Bola Ahmed Tinubu for his unwavering support and vision, Sawyerr acknowledged the dedication of all stakeholders, including the media and the NELFUND team, for their tireless efforts in making a tangible difference in the lives of Nigerian students.

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