By Jemimah Wellington, JKNewsMedia Correspondent APPLICATIONS FOR the Nigerian Education Loan Fund are dominated by the North, while the South-East accounts for the lowest share, data from the fund shows. JKNewsMedia.com reports that of 1.67 million submissions recorded since the portal opened on May 24, 2024, applicants from the three northe...
By Jemimah Wellington, JKNewsMedia Correspondent MORE THAN 8,266 students at the Federal University of Kashere (FUK) have received financial lifelines through the Nigerian Education Loan Fund (NELFUND), with total disbursements exceeding ₦1,073,966,500. The intervention, described as the most impactful educational support programme in decades...
By Ajibola Olaide, JKNewsMedia Reporter THE NIGERIAN Education Loan Fund (NELFund) has strongly denied reports alleging misappropriation and mismanagement of student loan funds, amid a clarification from the Independent Corrupt Practices and Other Related Offences Commission (ICPC) that no discrepancies have been established in the disburseme...
By Joke Kujenya THE NIGERIAN Education Loan Fund (NELFUND) has added twelve more state government-owned tertiary institutions to its student loan application portal, increasing the total number of participating institutions from 36 to 48. This significant expansion follows the successful submission and verification of necessary data by these i...
By Ajibola Olaide, JKNMedia Reporter A 14-DAY delay has been announced by the Nigerian Education Loan Fund (NELFUND) in the commencement of the student loan application process for state institutions. This unexpected postponement, moving the application start date from June 25, 2024, to July 10, 2024, is attributed to insufficient data submiss...
By Olaide Ajibola, JKNMedia Reporter THE NIGERIAN Education Loan Fund (NELFUND). Akintunde Sawyerr, CEO/NELFUND, has provided details regarding the conditions that applicants must meet to qualify for the loans. Speaking on Monday, May 20, he said the bill, signed into law on April by President Bola Tinubu was to ensure that no Nigerian student...
By Olaide Ajibola, JKNMedia Reporter UP TO 1.2 MILLION students from federal tertiary institutions will be eligible for loans in the Nigerian Education Loan Fund’s (NELFUND) first phase, as announced by Akintunde Sawyerr, Managing Director of NELFUND. The application portal, set to launch formally on Friday, will open on May 24 for stude...
By Jemimah Wellington, JKNMedia Reporter THE FEDERAL Government, through the Nigerian Education Loan Fund (NELFUND), has confirmed that the portal for student loan applications will officially open on May 24, 2024. This announcement was made in a statement released by Nasir Ayantogo, the media lead for NELFUND. Ayantogo highlighted that the in...
By Damilare Adeleye, JKNMedia Reporter THE anticipation surrounding Nigeria’s student loan scheme is reaching its zenith, with thousands of students poised to become beneficiaries across the nation. Representing a landmark policy initiative, the student loan law aims to extend interest-free loans to financially disadvantaged students in tertia...
