The Nigerian Education Loan Fund (NELFUND) has officially declared that the student loan application portal will be accessible starting May 24, 2024.
providing students with the opportunity to pursue their academic aspirations without financial constraints.
In a statement released by NELFUND spokesman Nasir Ayitogo on Thursday, it was highlighted that the opening of the portal signifies a significant milestone in the commitment of President Bola Ahmed Tinubu (GCFR) towards fostering accessible and inclusive education for all Nigerian students.
“The management of Nigerian Education Loan Fund (NELFUND), led by its Managing Director, Mr. Akintunde Sawyerr, are thrilled to announce the 24th of May, 2024, as the official date for the opening of the portal for student loan applications,” Ayitogo stated.
He further emphasized the user-friendly nature of the portal, stating, “Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.”
The statement encouraged all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of the nation.
“We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation,” Ayitogo added.
“Students can access the portal on http://nelf.gov.ng to commence their loan application process”.
President Tinubu had initially signed the National Students Loan Amendment bill into law on April 3, paving the way for the implementation of the student loan program.
The bill aims to offer financial assistance to Nigerian students in tertiary institutions, ensuring that education is accessible to all, regardless of their financial backgrounds.
Speaking on the significance of the bill, President Tinubu reiterated the government’s commitment to prioritizing education and skill development programs to uplift Nigerian youths and combat poverty effectively.
Following the signing of the bill into law, President Tinubu appointed the management team of NELFUND, with Mr. Akintunde Sawyerr appointed as the Managing Director/CEO, and Mr. Frederick Oluwafemi Akinfala and Mr. Mustapha Iyal as Executive Directors for Finance & Administration and Operations respectively.
Moreover, Mr. Jim Ovia was appointed as the Chairman of the Board of NELFUND on April 26, underscoring the government’s dedication to ensuring the effective operation of the student loan program for the benefit of Nigerian students.
