Students Loan Portal Opens May 24 – NELFUND

The Nigerian Education Loan Fund (NELFUND) has announced May 24, 2024, as official date for the opening of portal for student loan applications.

Managing Director of NELFUND, Mr Akintunde Sawyerr, announced this in a statement on Thursday evening.

He said the opening marks a significant milestone in the commitment of President Bola Tinubu to fostering accessible and inclusive education for all Nigerian students.

He said: “Through the portal, students can now access loans to pursue their academic aspirations without financial constraints.”

The statement which was signed by the Fund’s Media and Public Relations Lead, Nasir Ayitogo, said the portal provides a user-friendly interface for students to submit their loan applications conveniently.

The scheme will kick-off with 1.2m beneficiaries.

The funds would be paid directly to the tertiary institutions of the benefitting students.

The students would also be entitled to stipends which would be paid directly to them.

“The statement reads: “The management of Nigerian Education Loan Fund (NELFUND), led by its Managing Director, Mr. Akintunde Sawyerr, is thrilled to announce 24th of May, 2024 as the official date for the opening of a portal for student loan applications.

“This marks a significant milestone in the commitment of President Bola Ahmed Tinubu to fostering accessible and inclusive education for all Nigerian students.

“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.

“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 www.nelf.gov.ng to begin application.”