Nigerian govt begins review of student loan processes at NELFund
The federal government of Nigeria has started a full review of how student loans are given out through the Nigerian Education Loan Fund (NELFund). This decision came after people raised concerns about fraud in the loan process, which caused serious reactions from students and the public. Dr. Maruf Alausa, Nigeria’s Minister of Education, shared this […]
Tertiary schools are colluding with banks to shortchange student loan applicants – FG
Some universities and banks are being accused of working together to cheat students who applied for government loans. This was revealed by the National Orientation Agency (NOA), which is investigating how student loans are being handled. According to the NOA, some universities are teaming up with certain banks to delay or hide loan payments meant […]
NELFUND Board: Nigerian students union protests exclusion, demand representation
The National Association of Nigerian Students (NANS) has strongly demanded to be included in the Nigerian Education Loan Fund (NELFUND) Board. The student body insists that as the main beneficiaries of the fund, they must have a voice in how student loans are managed. In a letter addressed to NELFUND’s Managing Director, Akintunde Sawyerr, and […]
Nigerian Government Disburses N850 Million Loan to Students
The Nigerian government is taking a significant step to support education by disbursing N850 million today, July 31, to various educational institutions. This fund is intended to cover student fees and ensure more students have access to higher education. Akintunde Sawyer, the Managing Director of the Nigeria Educational Loan Fund (NELFUND), announced this during a […]
Just in: Tinubu Launches Student Loan Scheme at Aso Rock
In a significant development, Bola Tinubu has launched a new student loan scheme at the State House in Abuja. The scheme, which involves an initial ₦35 billion allocation, aims to benefit 70,000 students through the Nigerian Education Loan Fund (NELFund). At a recent meeting in Abuja, Jim Ovia, appointed by Tinubu to chair the NELFund’s […]