The Nigerian Education Loan Fund (NELFUND) has confirmed the disbursement of over ₦38.2 billion in verified institutional charges, directly benefiting 366,247 students across 206 accredited tertiary institutions in the country.
This milestone underscores NELFUND’s unwavering commitment to ensuring transparency, efficiency, and impact in the implementation of its student loan scheme, which forms a vital component of President Bola Ahmed Tinubu’s Renewed Hope Agenda.
To maintain accountability, the Fund has put in place a Disbursement Oversight Committee tasked with monitoring fund distribution and ensuring adherence to best practices across all institutions involved.
NELFUND management expressed appreciation to President Tinubu for his visionary leadership in championing access to quality education through the establishment and operationalization of the Fund.
The loan disbursement is part of broader efforts by the administration to remove financial barriers to higher education, empower the youth, and drive inclusive national development.
