📺 Nigeria TV Info – One Year On: NELFUND Disburses Over N73 Billion in Student Loans

Abuja, Nigeria – About a year after its establishment, the Nigerian Education Loan Fund (NELFUND) has made significant strides in addressing financial barriers to tertiary education by disbursing over N73.2 billion to more than 396,000 students across the country.

The disbursement is part of the federal government’s ongoing student loan programme, aimed at improving access to higher education for students from less-privileged backgrounds. The initiative, which was launched to ease the burden of tuition and other academic expenses, has seen widespread adoption across public tertiary institutions in Nigeria.

According to NELFUND officials, the programme has witnessed strong interest and uptake since its inception, with many students praising the initiative for giving them a renewed chance at completing their studies without financial strain.

Stakeholders in the education sector have commended the progress of the scheme but also called for improved awareness, transparency, and expansion to cover more institutions and students.