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The Nigerian Education Loan Fund, NELFUND, says it has disbursed much than N206 cardinal to students crossed 270 institutions nationwide successful 1 year.
The Fund disclosed that since its inception successful May 2024, it has received 1,751,669 applications and approved 1,164,222, with funds disbursed to students.
It said N128.84 cardinal went to institutions for tuition portion N77.45 cardinal was released to students for surviving expenses, ensuring that some world and upkeep needs are met.
Speaking connected the Fund, Managing Director, Akintunde Sawyerr, assured students that nary eligible beneficiary would beryllium barred from exams owed to fiscal constraints.
In an Arise TV interview, helium noted that the strategy provides interest-free loans with flexible repayment terms, aimed astatine removing fiscal barriers to higher education.
He revealed that the Fund has received implicit 969 caller applications successful its latest update, noting that Nigerian students person embraced the strategy to execute their acquisition goals.
Nigerian students embraced NELFUND, 969 caller applications pending – MD Sawyerr
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