The Managing Director of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr, has revealed that the Fund has received an overwhelming response with over 60,000 applications for student loans since the opening of the NELFUND portal for students at federal institutions last Friday.
Speaking to the media in Abuja on Thursday, Sawyerr disclosed that out of the 60,000 applications received, 30,000 students had successfully completed the process to access the loan. Additionally, he noted that the Fund had recorded over 9.5 million hits on the site thus far.
He emphasized that the significant increase in applications underscored the urgent need for financial assistance among students across the country.
He said, “We are pleased to report that over 90 per cent Federal institutions of Higher Learning have submitted their students’ data to NELFUND.
However, we urge the remaining two federal universities and five federal polytechnics to expedite the process to ensure that all eligible students can access the funds’ financial support.”
The Managing Director of the Nigerian Education Loan Fund (NELFUND) has announced the commencement of student loan applications for state-owned tertiary institutions starting from June 25, 2024.
He urged state-owned tertiary institutions to expedite the submission of their students’ data as requested. This step is crucial to ensuring a smooth and seamless application process for aspiring loan beneficiaries.
Furthermore, Sawyerr he emphasized NELFUND’s commitment beyond providing financial assistance. He highlighted the organization’s recognition of the importance of equipping youths with practical, market-relevant skills for their future endeavors.
“Six months from today, we will launch a comprehensive skill acquisition programme, providing training in various vocational and technical fields,” he said.
He said NELFUND has unveiled a new program aimed at preparing students to meet the evolving demands of the modern job market. This initiative seeks to foster entrepreneurship and innovation among young people across the country.
He expressed gratitude to President Bola Ahmed Tinubu for his steadfast support and visionary leadership in advancing educational opportunities.
He also commended the dedication of all stakeholders, including the media and the NELFUND team, for their tireless efforts in making a tangible difference in the lives of Nigerian students.