FG To Officially Open Student Loan Portal May 24

In a significant milestone, the Nigerian Education Loan Fund (NELFUND) has fixed May 24 for the opening of the student loan portal.

Akintunde Sawyerr, managing director of the fund, announced the development in a statement issued by the spokesman of NELFUND, Nasir Ayitogo on Thursday.

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The statement reads, ”The management of the Nigerian Education Loan Fund, NELFUND, led by its Managing Director, Mr Akintunde Sawyerr, is thrilled to announce 24 May 2024, as the official date for the opening of the portal for student loan applications.

“This marks a significant milestone in President Bola Ahmed Tinubu’s (GCFR) commitment to fostering accessible and inclusive education for all Nigerian students.

Through the portal, students can now access loans to pursue their academic aspirations without financial constraints. The portal provides a user-friendly interface for students to submit their loan applications conveniently.”

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“We encourage all eligible students to take advantage of this opportunity to invest in their future and contribute to the growth and development of our nation.

“Students can access the portal at www.nelf.gov.ng to begin their applications.”

It would be recalled that President Bola Tinubu, in June 2023, enacted the student loan policy to grant interest-free loans to needy students.

The scheme was slated to commence between September and October 2023, but implementation was repeatedly deferred.

In March 2024, the president wrote to the national assembly requesting the repeal and reenactment of the law.

On April 3, Tinubu re-enacted the policy, effectively repealing the old law and reintroducing a new version.