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Nigerian Education Loan Fund

Student Loan: FG Disburses N2.5bn Institution Fees To 12 Schools

THE Nigerian Education Loan Fund (NELFund), says it has disbursed more than N2.5 billion institution fees to 12 schools across the country. The Spokesman of the Fund, Nasir Ayitogo, in a statement on Friday in Abuja, said that 22,120 students…

Tinubu Appoints Jim Ovia As Education Loan Fund Chairman

PRESIDENT Bola Tinubu has appointed Mr. Jim Ovia, (CFR) as the Chairman of the Board of the Nigerian Education Loan Fund (NELFUND). The appointment was announced on Friday April 26, 2024. Ovia, a businessman, is the founder and chairman of…

Students Loan Committee Meets Ahead Of Program Launch

CBN Governor, Yemi Cardoso THE student loans program is ready to launch following the inaugural meeting of the special committee overseeing the Nigerian Education Loan Fund (NELFUND). Trojan News understands that the rollout of the scheme is scheduled for next…

Why We Have Decided Not To Pay Student Loans Directly To Applicants’ Personal Accounts – FG

THE Executive Secretary of the Nigerian Education Loan Fund, Akin Sawyerr, has stated that student loans will be disbursed directly to the institutions of applicants. Sawyerr disclosed that the reason for this was to avoid any form of diversion. The secretary…