The Nigerian Education Loan Fund has given permission to 22 more state-owned tertiary institutions to apply for student loans.
The Nigeria Education Loan Fund has recently made an announcement stating that students who are enrolled in 22 state-owned tertiary institutions are now eligible to apply for loans through their online portal at nelf.gov.ng.
“The committee responsible for the Student Verification System conducted a review, which was followed by this.” Prior to this announcement, a total of 86 state-owned institutions had already been cleared. With this recent update, the number of institutions that students can now apply to has increased to 108. This information was shared in a statement posted by @NELFUND on X.
The addition of the 22 state-owned institutions means that there are now a total of 108 approved state institutions.
The student loan scheme is President Bola Tinubu’s main project in the education sector.
Just one month after becoming president, Tinubu signed the Access to Higher Education Act. This law provides a legal structure for giving loans to poor or low-income Nigerians so they can afford to pay for their education at Nigerian colleges and universities.
The Nigerian Education Loan Fund was created earlier this year through the enactment of a law.
NELFUND is responsible for managing all loan requests, grants, disbursing funds, and recovering them.
The fund, as stated in the act, will receive funding from various sources and will also participate in other beneficial activities.
