The Nigeria Education Loan Fund (NELFUND) has recorded over 500,000 student loan applications in just 11 months of operation, marking a significant milestone in its mission to expand access to tertiary education across the country.
This achievement was announced in a press statement issued by the agency’s Director of Strategic Communications, who described the surge in applications as a strong indication of the pressing demand for affordable student financing in Nigeria.
NELFUND’s Managing Director noted that the high volume of applications reflects both the urgency of the need and the public’s growing confidence in the fund’s vision. “This is more than just a number; it’s a signal of hope for families across Nigeria,” he said. “We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation.”
Since launching its portal, NELFUND has provided platforms for students to apply for both institutional and upkeep loans, enabling thousands to pursue higher education despite financial barriers. The initiative is seen as a major step toward closing the education inequality gap and fostering a more inclusive academic environment.
The agency reaffirmed its commitment to transparency, accessibility, and efficiency as the programme continues to expand. It also called on stakeholders in the education sector and beyond to support the drive toward equitable education and youth empowerment.
As NELFUND continues its rollout, the response from students nationwide serves as both a validation of the programme’s relevance and a reminder of the need for sustained support in delivering quality education for all Nigerians.
