NELFUND Opens Portal On May 24 For Student Loan Application - EDU-BIZNEWS


Friday, May 17, 2024

NELFUND Opens Portal On May 24 For Student Loan Application

Nigerian Education Loan Fund (NELFUND) will be opening its portal on May 24,3024, to enable interested students in various tertiary institutions in the country to apply for loan to further their educational pursuits 

Managing Director of NELFUND , Mr Akintunde Sawyerr announced the date in a statement made available by spokesman of the agency, Nasir Ayitogo

 “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,” NELFUND stated .

The statement further reads in part "Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.

“The portal provides a user-friendly interface for students to submit their loan applications conveniently,” the statement further read.

“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.

“Students can access the portal on to begin application.”

It said the move is a “significant milestone in the commitment of President Bola Ahmed Tinubu (GCFR) to fostering accessible and inclusive education for all Nigerian students”.

President Bola Tinubu had on April 3 signed the National Students Loan Amendment bill into law.

Tinubu initially signed the student loan bill into law back in June 2023, to offer financial assistance to Nigerian students in tertiary institutions.

While the bill was signed earlier, its implementation has faced delays due to various issues hindering its rollout.

This signing came after separate considerations from the two chambers of the National Assembly committees on tertiary institutions and TETFund.

President Tinubu who was full of appreciation for the joint effort of the two chambers of the National Assembly in ensuring speedy passage of the amended act ,expressed confidence that his signing of the bill into law would provide opportunity for every student to have equal access to qualitative tertiary education 

Mr. Jim Ovia was appointed as the Chairman of the Board of NELFUND by the president on April 26,  after the appointment of  Akintunde Sawyerr as  the Managing Director/CEO, Mr. Frederick Oluwafemi Akinfala and Mr. Mustapha Iyal as  the Executive Director, Finance & Administration and Executive Director, Operations respectively to pave way for the formal take off of the agency's activities 

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