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"NELFund Approves 16 Additional State-Owned Schools for Student Loan Scheme"

The Nigerian Education Loan Fund (NELFund) has announced the approval of 16 more state-owned tertiary institutions for the student loan scheme, bringing the total number of registered institutions to 86.

According to a post on X by NELFund, this expansion aims to increase the reach and impact of the student loan program. The Fund urged institutions that have yet to submit their student data to do so promptly, enabling their students to benefit from the program.

The student loan scheme, a flagship program of President Bola Tinubu's administration, aims to support over 1.2 million students. The President had approved N35 billion for the scheme's take-off after signing the enabling law on April 3.

This development marks a significant step towards making higher education more accessible and affordable for Nigerian students.