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NELFUND Opens 2025/2026 Student Loan Application Portal for Nigerian Tertiary Students

Housing TV Africa News Desk — Tue, 21 Oct 2025 09:14:49 +0000

The Nigerian Education Loan Fund (NELFUND) has announced the official opening of its student loan application portal for the 2025/2026 academic session, giving students in tertiary institutions nationwide access to financial support.

According to a statement by NELFUND’s Director of Strategic Communications, Oseyemi Oluwatuyi, the application window will run from Thursday, October 23, 2025, to Saturday, January 31, 2026.

The agency advised newly admitted students to use their Admission Number or JAMB Registration Number in place of a matriculation number when applying. It also urged tertiary institutions to be flexible with registration and fee payment deadlines for students awaiting loan disbursement.

“Institutional authorities are encouraged to show understanding in enforcing registration and fee payment deadlines for students awaiting loan disbursement,” the statement read.

NELFUND further advised institutions that have not commenced their 2025/2026 academic session to formally communicate their approved academic calendar to the Fund for scheduling flexibility.

The agency appealed to all institutions to implement temporary registration measures for applicants whose loan requests are still being processed, ensuring that no student is denied education due to financial difficulties.

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FCA Ibadan Students Secure ₦19.5m NELFUND Loans

Housing TV Africa News Desk — Fri, 17 Oct 2025 16:07:53 +0000

Ninety-one students of the Federal College of Agriculture, Moor Plantation, Ibadan (FCAIB) have received a total of ₦19.54 million in financial support from the Nigerian Education Loan Fund (NELFUND) to help them continue their studies without financial stress.

The disbursement, achieved under the leadership of the college’s Provost, Professor Jonathan J. Atungwu, highlights FCA Ibadan’s commitment to inclusive education and support for students from low-income backgrounds.

The funds followed a sensitisation session held on August 29, 2025, where students were guided on the objectives and benefits of the NELFUND scheme. The programme is based on the Students Loans (Access to Higher Education) (Repeal and Re-enactment) Act, 2024, signed into law by President Bola Ahmed Tinubu, GCFR.

According to Barrister Elum, the college’s NELFUND liaison officer, over 600 students were uploaded to the NELFUND portal. Of these, 92 applications were processed, 91 approved, and ₦19.54 million fully disbursed to beneficiaries. He stressed transparency and proper documentation during the application process.

Former Students’ Union President, Comrade Pelumi Folarin, praised the initiative, calling it a lifeline for students struggling financially.

“This intervention has brought hope to those who might have dropped out due to lack of funds. We are grateful to the government and the College Management for making this possible,” he said.

The sensitisation event drew top college officials, including the Deputy Provosts (Administration and Academic), Registrar, Head of Bursary, Director of Audit, Deans, and the Dean of Student Affairs, showing management’s strong backing for student welfare.

In a statement, the college lauded the Federal Government and NELFUND for their timely intervention.

“This milestone will ease the financial burden on our students. We commend the government’s vision and hope the scheme continues to benefit more indigent students nationwide,” it said.

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NELFUND Receives N50 Billion Boost from EFCC for Student Loans

Housing TV Africa News Desk — Thu, 15 Aug 2024 20:31:28 +0000

The Economic and Financial Crimes Commission (EFCC) has donated N50 billion to the Nigerian Education Loan Fund (NELFUND) to support the education of indigent students across the country.

The announcement was made on Tuesday, August 13, 2024, during a courtesy visit by NELFUND’s Managing Director and Chief Executive Officer, Mr. Akintunde Sawyerr, and his management team to the EFCC headquarters in Abuja.

Mr. Sawyerr expressed gratitude for the substantial financial injection, acknowledging that the funds were sourced from proceeds of crime recovered by the anti-graft agency. “We are aware of the funds from the proceeds of crime extended to NELFUND. We are here to express our gratitude for the gesture. We also want the EFCC to exercise oversight on what we are doing,” Sawyerr said.

He highlighted that the youth, being the most populous and often neglected segment of Nigeria’s population, would greatly benefit from this initiative, which is a cornerstone of President Bola Tinubu’s administration. “President Tinubu identified this as a major problem and put in place a major solution to address the issue,” Sawyerr added.

EFCC Chairman, Ola Olukoyede, praised President Tinubu’s initiative, describing the education loan fund as a strategic policy against crimes. He noted that the inability of parents to fund their children’s education often leads to youth involvement in financial crimes. “One of the main incentives for cybercrimes is the inability of parents to fund the education of their children. NELFUND is a policy issue against crimes. President Tinubu should be commended for initiating the Fund,” Olukoyede remarked.

The EFCC Chairman also urged the NELFUND management to maintain transparency in their operations, emphasizing the importance of clean and accountable processes in the fight against corruption. “Let your hands be clean. The work entrusted to you is going to help the EFCC fight corruption. Let your systems and processes be transparent,” he advised.

Olukoyede further stressed the importance of monitoring the use of the N50 billion donation, warning against any potential misappropriation. “I will fight to ensure that money pooled together to support NELFUND is not re-looted. We want your management to be giving reports of your disbursement to the EFCC,” he said.

The EFCC Chairman called on Nigerians to support the success of the NELFUND initiative and President Tinubu’s administration. He emphasized the need for integrity in the administration of the fund, urging NELFUND staff to resist any undue pressure and ensure that all transactions are above board.

The Nigerian Education Loan Fund is part of President Tinubu’s broader strategy to address educational challenges in the country. Following the signing of the Student Loans (Access to Higher Education) Act on April 3, 2024, the registration for the loan program commenced in May, with 1.2 million students in federal tertiary institutions enrolling in the first batch. Recently, on August 7, 2024, NELFUND announced a significant milestone, having received the highest number of student loan applications within 24 hours since the launch of its portal on May 25, 2024.

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NELFUND Student Loan Portal Receives Over 60,000 Applications

Housing TV Africa News Desk — Fri, 31 May 2024 06:27:13 +0000

The Nigerian Education Loan Fund (NELFUND) has announced that it has received over 60,000 applications from students of federal government institutions since the launch of its student loan application portal.

Out of these, 30,000 applications have been successfully processed.

NELFUND also reported that 90 percent of federal universities have submitted their students’ data to its dashboard, while 10 percent of federal institutions have yet to do so.

Additionally, the student loan agency declared that the portal for data submission from state-owned tertiary institutions will open in three weeks. NELFUND appealed to state institutions to begin the submission of their students’ data for onward processing.

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