NELFUND begins disbursements of #20k student loan upkeep to approved students
Pqconnect 
The Nigerian Education Loan Fund has commenced the disbursement of #20k upkeep to successful applicants who were approved since the commencement of the scheme in August 2024.
Recalled that Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund, Mr Akintunde Sawyerr,described the scheme as a unique palliative with a long-term solution to the challenges facing access to education in Nigeria.
“This administration of President Bola Tinubu has introduced many brilliant policies, and the student loan initiative hits close to home. It is reaching every corner of the nation-East, West, North, and South.
“This policy is not discriminatory; it is inclusive, ensuring that every Nigerian, regardless of location or background, has access to the education they deserve.
“It is akin to monumental policies such as the free education programme of Chief Obafemi Awolowo, the establishment of the National Youth Service Corps by Gen Yakubu Gowon, and the creation of federal universities.
“These policies have shaped Nigeria’s development, and the student loan initiative is equally progressive, representing an investment in our nation’s future,” he added.
The Chairman of the Committee, Gboyega Isiaka (APC, Ogun), described NELFUND as a critical agency created not only to provide loans but also to create a future where every Nigerian youth has the opportunity to realise his or her potential.
Many who had received theirs,expressed joy while seeing the new development.
