Abuja, Nigeria – June 29, 2025
The Managing Director/Chief Executive of the Nigerian Education Loan Fund (NELFUND), Mr. Akintunde Sawyerr, has reiterated the Fund’s unwavering commitment to driving educational development across the country through strategic financial interventions.
Speaking on the progress of NELFUND’s initiatives, Mr. Sawyerr noted that several institutions have already benefited from the student loan scheme, which is designed to make higher education accessible and affordable for all eligible Nigerians. He emphasized that the disbursement of loans has provided much-needed relief to thousands of students and families burdened by rising tuition and associated academic expenses.
“At NELFUND, our goal is to bridge the financial gap that often hinders educational advancement. We have made significant strides by ensuring that deserving students in public tertiary institutions across various states receive the support they need to pursue their academic goals,” Sawyerr stated.
He also unveiled plans to expand the loan scheme to cover technical and vocational education institutions, while integrating digital platforms to streamline the application and disbursement process. The Fund is also in talks with stakeholders to introduce flexible repayment plans tied to graduates’ employment status and income levels.
According to him, NELFUND remains a key driver in realizing the Federal Government’s vision of a knowledge-based economy. He encouraged more institutions and students to leverage the initiative, assuring continued transparency, accountability, and inclusiveness in all operations.
As part of its roadmap, NELFUND is also looking to collaborate with fintech companies and educational bodies to develop tailored solutions that will enhance learning outcomes and financial sustainability in the education sector.
