The Nigeria Education Loan Fund (NELFUND) has announced that more than 500,000 students have applied for loans through its platform in just 11 months, underscoring the pressing demand for accessible student financing in the country.
In a statement released by the agency’s Director of Strategic Communications, Mrs. Oseyemi Oluwatuyi, the high volume of applications reflects a growing trust in NELFUND’s mission to make tertiary education more accessible to Nigerians.
“This significant milestone demonstrates both the urgent need for student financial support and the confidence students place in NELFUND to deliver it,” the statement read.
NELFUND’s Managing Director, Mr. Akintunde Sawyerr, emphasized the broader impact of this achievement: “This isn’t just about the numbers—it represents hope for countless families across the nation. We’re witnessing a surge in the demand for educational opportunities, and NELFUND is proud to be driving that change.”
The agency noted that students nationwide have actively pursued both institutional and upkeep loans, showing strong engagement with the loan application process and validating the fund’s relevance.
As the application process continues, NELFUND reaffirmed its commitment to maintaining transparency, accessibility, and efficiency, while urging all stakeholders to support its goal of equitable access to higher education for all Nigerians.
