NELFUND disburses N20bn to 192,906 students

The Nigerian Education Loan Fund (NELFUND) has made a significant impact on the education sector, disbursing a whopping N20 billion to 192,906 students across various tertiary institutions in the country ¹. This is a massive step towards making higher education more accessible to deserving Nigerian students.

As of February 3, NELFUND has received loan applications from over 364,000 students, and apart from the N20 billion disbursement, they've also provided monthly stipends to around 169,000 students, totaling N12.8 billion. Each student received N20,000 as part of this initiative.

It's worth noting that NELFUND's efforts have been supported by President Bola Tinubu, who has emphasized the importance of making higher education accessible to all . With NELFUND's commitment to transparency and efficiency, they're poised to continue making a positive impact on Nigeria's education sector.

https://guardian.ng/features/education/nelfund-disburses-n20bn-to-192906-students/