Abuja, September 2, 2025 – The Nigeria Education Loan Fund (NELFUND) has disbursed a total of ₦6,972,000 to 10 beneficiaries at the African Aviation and Aerospace University (AAAU), Abuja, as part of its student loan scheme. In a statement on Tuesday, NELFUND said the disbursement reflects its sustained commitment to supporting higher institutions and empowering
As of August 29, 2025, the Nigerian Education Loan Fund (NELFund) has recorded significant progress in supporting Nigerian students pursuing higher education. Since the launch of the loan portal on May 24, 2024, a total of 771,769 students have registered on the platform, with 772,114 applications received. Out of these, 449,039 students have successfully benefited
Abuja, Nigeria — August 27, 2025 The Nigerian Education Loan Fund (NELFUND) has warned that tertiary institutions found guilty of fraudulent practices, including falsifying student records, colluding with students to access loans, or failing to refund excess funds, will face sanctions. The warning is contained in NELFUND’s latest operational guidelines for the student loan scheme,
The Nigeria Educational Loans and Grants Board (NELFUND) has provided clarification regarding its recent decision to align the disbursement of students’ upkeep loans with the academic sessions of their respective institutions. This adjustment aims to ensure that financial support is delivered in a timely and efficient manner, corresponding directly with the school terms of beneficiaries.In
In a bold move to boost the welfare of academic and non-academic personnel across Nigerian tertiary institutions, the Federal Government has officially launched the Tertiary Institution Staff Support Fund (TISSF) loan scheme, designed to provide eligible staff with financial assistance of up to ₦10 million. The initiative, announced under the leadership of President Bola Ahmed
Abuja, July 17, 2025 The Nigerian Education Loan Fund (NELFUND) has announced plans to launch a dedicated job portal by 2026, aimed at connecting student loan beneficiaries with potential employers across various sectors of the economy. This initiative, according to NELFUND’s Managing Director, Mr. Akintunde Sawyerr, is part of the Fund’s long-term strategy to improve
The Nigerian Education Loan Fund (NELFUND) has commenced the payment of outstanding upkeep allowances to students who transitioned from digital wallets to verified commercial bank accounts. According to information made available to KIIN360, more than 3,600 beneficiaries have so far received their pending payments, following the successful update of their banking information on the official
Abuja, July 9, 2025 — The Executive Chairman of the Economic and Financial Crimes Commission (EFCC), Mr. Ola Olukoyede, has reaffirmed the Commission’s unwavering commitment to ensuring that the Nigeria Education Loan Fund (NELFUND) serves its intended purpose of empowering students, and not falling victim to corruption or misappropriation. Speaking on Tuesday in Abuja, Olukoyede
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
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
