The Nigeria Education Loan Fund (NELFUND) has marked a major milestone, with over 500,000 Nigerian students applying for loans through its portal within the agency's first year of operation.
This achievement was disclosed in a statement signed by NELFUND's Director of Strategic Communications, Oseyemi Oluwatuyi.
According to the Managing Director of NELFUND, Akintunde Sawyerr, the volume of applications recorded in just 11 months underscores the urgent demand for accessible student financing across the country. He noted that it also reflects growing confidence in NELFUND's mission to democratize access to tertiary education.
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"This is more than just a number; it's a signal of hope for families across Nigeria. We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation," Sawyerr said.
He explained that since the launch of the portal, students nationwide have actively participated in the application process for both institutional and upkeep loans.
Sawyerr reaffirmed NELFUND's commitment to ensuring transparency, accessibility, and efficiency throughout the loan process and called on all stakeholders to support the vision of making quality education more equitable and accessible to all Nigerians.
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