The Nigerian Education Loan Fund (NELFUND) has paid over N206 billion to institutions and students in two years, according to board member Umar Faruk‑Lawal.
Speaking in Abuja, he said N128.84 billion was paid directly to institutions as tuition fees, while N77.45 billion was disbursed to students as upkeep allowances.
Over 1.16 million students across 270 tertiary institutions have benefited. Lawal said the interest‑free loan scheme is helping break financial barriers and allowing students from low‑income backgrounds to pursue higher education…READ FULL ORIGINAL POST FROM SOURCE .
Key Points:
Students can now focus on academics without constant fear of dropping out due to financial hardship.
The scheme enables students from less‑privileged families to access tertiary education.
Monthly upkeep allowances support living expenses, not just tuition fees.
A recent first‑class graduate publicly credited NELFUND for overcoming financial difficulties.
Increased awareness could bring more beneficiaries and strengthen Nigeria’s education sector.
Parents and guardians are encouraged to support their children to take advantage of the scheme, as the government has provided a reliable support system for higher education.
Sources: The Punch
