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HomeNewsEducation200,000 Nigerian students get N22bn loans – NELFUND

200,000 Nigerian students get N22bn loans – NELFUND

At least 200,000 Nigerian students have received over N22 billion in loans.

The Managing Director of Nigerian Education Loan Fund, Akintunde Sawyerr disclosed this at a press conference in Abuja on Monday while noting that the 2023/2024, application will close on February 21, 2025.

He further announced that the 2024/2025 application will open on February 22.

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Recall that in December last year, the Federal Government announced a fresh approval of N110 billion for students of public tertiary institutions nationwide.

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In November 2024, Sawyerr told the House of Representatives Committee on Student Loans and Higher Education Financing that NELFUND had disbursed N12 billion to students as loans.

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