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Home Newsflash

NELFUND Hits 500,000 Student Loan Applications Milestone in Its First Year of Operation

Folaranmi Ajayi by Folaranmi Ajayi
April 25, 2025
in Newsflash
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NELFUND Hits 500,000 Student Loan Applications Milestone in Its First Year of Operation
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A Major Step Forward in Expanding Access to Higher Education

Abuja, Nigeria – April 2025 – The Nigeria Education Loan Fund (NELFUND) has reached a remarkable milestone in its first year of operation: over 500,000 Nigerian students have now applied for student loans through the NELFUND portal.

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This milestone, achieved within just 11 months of operations, underscores the critical need for accessible student financing in Nigeria and highlights the widespread trust in NELFUND’s mission to democratize access to tertiary education.

“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,” said Managing Director/CEO of NELFUND, Mr. Akintunde Sawyerr.

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Since the launch of the portal, students across the country have actively engaged with the application process for both institutional and upkeep loans demonstrating the relevance and urgency of the Fund’s efforts.

NELFUND remains committed to ensuring transparency, accessibility, and efficiency as the process continues, and calls on all stakeholders to join in supporting the vision of equitable education for all.

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Folaranmi Ajayi

Folaranmi Ajayi

Folaranmi Ajayi, is an educator and journalist covering education,as an educator he has over a decade of experience in teaching and helping students pass exams with above-average grades. He is an education journalist with a special interest in local education,policy writing, solutions journalism, mentoring students, public speaking, and online training.

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Comments 14

  1. Mubarak Muhammad says:
    1 year ago

    Sokoto

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      Thank you for reaching out. Any student eligible for the loan will get it.

      Reply
  2. Amina kabir says:
    1 year ago

    Why

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      Thank you for reaching out. Any student eligible for the loan will get it.

      Reply
  3. Siyudi muttawakil says:
    1 year ago

    Thank you for your time

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      Thank you for reaching out. God bless you

      Reply
  4. Usman isyaku says:
    1 year ago

    Hello everyone and your friends are doing well and we are place I’m student in the middle

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      Thank you for reaching out but sorry, I don’t really understand your message.

      Reply
  5. Salim malami yusuf says:
    1 year ago

    Nelpon is good 👍

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      We think so too. Thank you for reaching out

      Reply
  6. Dave says:
    1 year ago

    Lot of persons who applied since January have not been attended too.

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      I’m sorry to hear that. What we know is that though there may be delays at times, those who scale the verification process will always get it. Also, the delay is not always from NELFUND. Most times it’s from the schools who take their time in providing NELFUND with the relevant information to complete the process. Still, thank you for reaching out.

      Reply
  7. Abdulraman Usman says:
    1 year ago

    I’m from zari,a I need help

    Reply
    • Oladapo Oritsemeyiwa Akande says:
      1 year ago

      All you need to do is apply. If you are eligible, you will get it. You don’t need to know anyone as the entire application and process is done strictly online. All the best. Thanks for reaching out.

      Reply

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