Alhaji Mohammed Idris, Minister of Information and National Orientation, says more than 500,000 students are currently benefitting from the National Education Loan Fund (NELFUND). Idris spoke on Monday at a press conference in Abuja to mark Nigeria’s 65th independence anniversary. He said the initiative, launched under President Bola Tinubu’s administration, covers tuition and upkeep fees…
The Nigerian Education Loan Fund on Thursday noted that upkeep loan disbursement is now strictly tied to the academic session of each institution. NELFUND made this known in a statement by signed by its Director of Corporate Communications, Oseyemi Oluwatuyi. “In line with this directive, students shall only be entitled to upkeep loans for their…
The Senior Special Assistant to President Bola Tinubu, Hon. Asefon Sunday Dayo has revealed that education now became accessible and affordable to many students in the country. Asefon disclosed this during Renewed Hope student leaders engagement at Port Harcourt, Rivers state. Addressing the student leaders, Asefon said the launch of the Nigerian Education Loan Fund…
The Nigerian Education Loan Fund (NELFUND) has announced plans to introduce a centralised job portal by 2026 to assist student loan beneficiaries in accessing employment opportunities both within Nigeria and internationally. This development is part of broader efforts to enhance the impact of the student loan scheme and support graduates toward financial independence. Speaking during…
Former presidential candidate and activist, Omoyele Sowore, has called for scrapping of the Joint Admissions and Matriculation Board (JAMB), the National Youth Service Corps (NYSC), Tertiary Education Trust Fund (TETFUND), and Nigerian Education Loan Fund (NELFUND), describing them as “useless.” Sowore made this known in a post on his X account following JAMB’s recent admission…
The Minister of Education, Dr. Tunji Alausa, on Wednesday, declared that there was no fraud uncovered in the student loan scheme. Alausa made this known at the end of a meeting held with Vice Chancellors, officials of the National Universities Commission, Nigerian Education Loan Fund and the Federal Ministry of Education. Alausa also described the…
A student representative at the board member of Nigerian Education Loan Fund, NELFUND, Comrade Umar Faruk Lawal has cleared air over upcoming interactive session with Students’ Union leaders. In a press release sighted by our correspondent, Comrade Umar Faruk disclosed that NELFUND didn’t ignore the NANS nor the Zonal leadership, but the upcoming session is…
The Independent Corrupt Practices and Other Related Offences Commission (ICPC) says there are no discrepancies in the student loan disbursements by the Nigeria Education Loan Fund (NELFUND). A statement issued on Thursday by Demola Bakare, ICPC spokesperson, said the absence of “not” in the agency’s earlier statement created an impression of alleged discrepancies in the…
The Ministry of Education has announced that it is investigating allegations of unauthorised deductions from students’ loans and NELFund accounts by universities. The ministry’s Director of Press and Public Relations, in a statement, said that an urgent meeting has been scheduled for 6 May 2025 with the vice chancellors of the affected universities and the…
The Independent Corrupt Practices and Other Related Offences Commission said it confirmed discrepancies in the administration of the student loan scheme. The ICPC’s Director, Public Enlightenment and Education, Demola Bakare, said this in a statement on Thursday in Abuja. He said that with the confirmation of discrepancies in the administration of the loan; the commission…