FEC Orders Recovered Looted Funds for Student Loans
The Federal Executive Council (FEC) has directed the transfer of legally recovered looted funds held by the EFCC to the Nigerian Education Loan Fund (NELFUND) to strengthen the student loan…
NELFUND Disburses N303bn to 850,000 Students
The Nigerian Education Loan Fund (NELFUND) has disbursed more than N303 billion to about 850,000 Nigerian students within just two years, highlighting the Federal Government’s commitment to improving access to…
Jim Ovia Praises NELFUND Student Loan Success
Zenith Bank Plc founder and Nigeria Education Loan Fund (NELFUND) Board Chairman, Jim Ovia, has praised President Bola Tinubu for introducing the student loan scheme, saying it has opened the…
NELFUND Warns Schools Over Delayed Student Fee Refunds
The Nigerian Education Loan Fund (NELFUND) has cautioned tertiary institutions against delaying or refusing to refund students who paid their tuition fees before the release of student loan funds. The…
NELFUND Portal Glitch Delays Student Allowances
Thousands of beneficiaries of the Nigerian Education Loan Fund (NELFUND) are facing uncertainty after a technical issue disrupted the payment of their monthly upkeep allowances, leaving many students without financial…
NASS, TETFUND Moves to Expand Student Loan Scheme
By Babatunji Wusu| The National Assembly (NASS) has agreed with the Nigerian Education Loan Fund (NELFUND) to expand the student loan scheme from 1.6 million to 7 million direct beneficiaries,…
NELFUND Refutes Media Reports on Loan Disbursements, Clarifies Figures
Babatunji Wusu – The Nigerian Education Loan Fund (NELFUND) has disbursed over N32 billion to students in tertiary institutions. NELFUND corrected media reports claiming over N104 billion was disbursed to…
