The long-awaited student loan scheme is set to finally kick off in earnest next Friday. In a press statement issued by Nigerian Education Loan Fund (NELFUND) and signed by its spokesman, Nasir Ayitogo, the student loan applications portal will be opening on Friday 24th May, 2024.
The statement reads:
“The management of Nigerian Education Loan Fund (NELFUND) led by its Managing Director, Mr Akintunde Sawyerr are thrilled to announce 24th of May, 2024 as official date for the opening of portal for student loan applications.
“This marks a significant milestone in the commitment of President Bola Ahmed Tinubu (GCFR) 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 nelf.gov.ng to begin application.
“For more information and assistance, please contact NELFUND via email on [email protected] or contact us via our social media handles”, it ended.
The roll out of the student loan scheme was delayed following the directive by President Bola Tinubu to expand the scope of the scheme to equally cater for those who seek to acquire skills from vocational centers instead of conventional tertiary education.
The student loan scheme is one of the promises of the President during the 2023 presidential election campaigns. Shortly after assumption of office, President Tinubu signed the Student Loan Act passed by the 9th Assembly. The Bill was introduced by then House Speaker, Rt. Hon. Femi Gbajabiamila who is now the Chief of Staff to the President.