The Nigerian Education Loan Fund (NELFUND) has cleared 22 more state-owned tertiary institutions to apply for student loans.
In a statement posted on its official X handle, @NELFUND, the organization announced that students from these newly approved institutions can now access loans through the portal, nelf.gov.ng.
This approval follows a review by the committee responsible for the Student Verification System.
Prior to this, 86 state-owned institutions had already been cleared, bringing the total number of eligible institutions to 108.
The onboarding of these additional institutions is part of the implementation of President Bola Tinubu’s flagship education sector project.
Shortly after taking office, President Tinubu signed the Access to Higher Education Act, establishing a legal framework to provide loans for low-income Nigerians to cover fees in tertiary institutions.
The Nigerian Education Loan Fund, created by this law, is responsible for processing loan requests, disbursing funds, and managing recovery efforts.
The fund is supported by multiple funding streams and will also engage in other productive activities.
Leave a Reply