The Nigerian Education Loan Fund (NELFUND) has announced a significant achievement, revealing that student loan applications have surged to one million. This milestone underscores the increasing accessibility of higher education in Nigeria.
Mrs. Oseyemi Oluwatuyi, Director of Strategic Communications at NELFUND, shared in a statement on Sunday that over N116 billion has been disbursed to students across universities, polytechnics, and colleges of education throughout the country.
This funding, according to Oluwatuyi, is designed to cover both institutional fees and living expenses, addressing the financial needs of students.
“This accomplishment reflects the government’s steadfast commitment to human capital development and inclusive growth,” Mrs. Oluwatuyi stated.
“It restores faith in government-led social empowerment initiatives and enhances access to higher education for all Nigerians.”
Mr. Akintunde Sawyerr, the Managing Director of NELFUND, characterized this moment as pivotal in Nigeria’s journey towards equitable education financing.
He reiterated NELFUND’s dedication to ongoing improvements in its processes, ensuring that every qualified Nigerian student, regardless of background or location, can secure education funding with transparency, efficiency, and dignity.
“With this achievement, NELFUND stands as a testament to a successful government initiative that is authentic, efficient, and genuinely transformative,” Mr. Sawyerr emphasized. “This program illustrates that when leadership, vision, and accountability converge, enduring change is attainable.”
He maintained that NELFUND is a non-discriminatory initiative that benefits Nigerians of all faiths and tribes, Christians, Muslims, and others across diverse ethnic backgrounds. It helps unify the country by providing equal access to education and fostering shared progress.
“As the NELFUND continues to expand its reach and impact, it remains steadfast in its mission to ensure that no Nigerian is denied the opportunity to learn, grow, or contribute to national progress because of financial limitations,” he added
This landmark achievement underscores NELFUND’s focus in making education financing accessible to all, and reaffirming the government’s role in fostering educational opportunities for future generations.
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