NELFUND states commitment to disburse N90bn tuition fees, students
Published By: Paul Dada
By Paul Dada
The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund, Mr Akintunde Sawyerr, says the Fund is committed to disbursing N90 billion in tuition fees and stipends.
Sawyerr also says N10 billion has been disbursed to successful applicants since the loan scheme was took off in August 2024.
The NELFUND boss revealed this on Wednesday at a meeting of the agency with the House of Representatives Committee on Student Loans, Scholarships, and Higher Education Financing, at the National Assembly Complex.
“So far, the fund has received over 350,000 applications and disbursed over N10bn with a commitment to disbursing N90bn in tuition fees and stipends.
“Applications are coming in at an average of over 1,000 per day, and we are making special provisions for students living with disabilities.
“Moreover, we are focused on addressing the barriers to girl-child education, recognising that denying girls the opportunity for further education is denying the nation a chance to benefit from their incredible leadership potential.
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“With 70 per cent of our population under the age of 35, failing to provide access to education for this segment exposes Nigeria to a future fraught with instability and violence. This intervention by President Bola Tinubu could not have come at a better time.
“This administration of President Bola Tinubu has introduced many brilliant policies, and the student loan initiative hits close to home. It is reaching every corner of the nation-East, West, North, and South.
“This policy is not discriminatory; it is inclusive, ensuring that every Nigerian, regardless of location or background, has access to the education they deserve.
“It is akin to monumental policies such as the free education programme of Chief Obafemi Awolowo, the establishment of the National Youth Service Corps by Gen Yakubu Gowon, and the creation of federal universities.
“These policies have shaped Nigeria’s development, and the student loan initiative is equally progressive, representing an investment in our nation’s future,” he said.
