NELFUND

Tinubu’s Administration Yields Results in Public University Revitalization – Minister

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Tinubu’s Administration Yields Results in Public University Revitalization – Minister Ahmad highlighted the introduction of the NELFUND as a key initiative aimed Governor Aliyu announced a Hajj seat as a special reward for the university’s best graduating student Minister of State for Education, Prof. Suwaiba Ahmad, says President Bola Tinubu’s administration is already seeing positive … Read more

Obasa: Nigerians Have Witnessed Transformation Under Tinubu

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Tinubu, Sanwo-Olu, Dabiri-Erewa, Others to Headline ECI@25 Convention in Newark

Obasa: Nigerians Have Witnessed Transformation Under Tinubu Says Tinubu’s administration had tackled the challenges of economic stagnation and instability Obasa praised the launch of the NELFUND Speaker of the Lagos State House of Assembly, Mudashiru Obasa, has commended the administration of President Bola Ahmed Tinubu, saying Nigerians have witnessed inspiring transformation within the last two years. … Read more

Economic Reforms Stabilising Nigeria – Tinubu

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We’ve Hit Our Revenue Target for the Year - Tinubu

 Economic Reforms Stabilising Nigeria – Tinubu  Promises Federal Support for Ogbomoso Development Projects No Nigerian Student Should Drop Out Due to Poverty President Bola Tinubu on Tuesday declared that his administration’s economic reforms are stabilising the country and restoring Nigeria’s place of pride on the global stage, Eko Hot Blog reports. “The bleeding has stopped. … Read more

Don’t Risk Your Life’: Libya Returnee Urges Nigerian Youths to Shun Dangerous Routes [VIDEO]

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 Libya Returnee Urges Nigerian Youths to Shun Dangerous Routes The returnee revealed that she dropped out of school to raise money for her sick mother Dabiri-Erewa praised Mercy’s resilience, describing her as “one of the lucky ones” A young Nigerian woman, Mercy Oluwagbenga, who was recently rescued from Libya after a viral video showed her … Read more

NELFUND to Restrict Student Loans to High-Demand Fields

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NELFUND to Restrict Student Loans to High-Demand Fields

Student Loan Scheme May Exclude Certain Courses, Says NELFUND The Nigeria Education Loan Fund (NELFUND) has hinted at plans to restrict access to interest-free student loans for specific courses. Akintunde Sawyerr, NELFUND’s Managing Director, shared this during a virtual event titled “Student Loan Masterclass: Why, What, and How?” organized by The Renewed Hope Global. Sawyerr … Read more

Nigerian Govt Plans To Cut TETFund By 30% For Student Loans

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TETFund Student Loans

The Federal Executive Council (FEC) has proposed an amendment to the Tertiary Education Trust Fund (TETFund) Act, aimed at allocating 30% of its funds to the Nigerian Education Loan Fund under the Student Loan Scheme. This change is intended to provide a sustainable financial source for student loans, ensuring that Nigerian students have greater access … Read more

Over 3,000 University Of Ibadan Students Get Approval For NELFUND Loans

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NELFUND Loans University Ibadan Students

The Nigerian Education Loan Fund (NELFUND) has approved loan applications for 3,283 students at the University of Ibadan, as confirmed by the university management in a circular issued on September 18, 2024. While the loans have been approved, the disbursement of funds is still pending. EDITOR’S PICKS Japan’s Next PM Vows to Respect BOJ’s Autonomy … Read more

Five South-East Institutions Receive N467m from Federal Student Loan Scheme

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As of September 6, 2024, at least five tertiary institutions in the South-East have received funds from the Federal Government’s student loan scheme, according to data from the Nigeria Education Loan Fund (NELFUND). This development addresses previous concerns that NELFUND was neglecting South-East institutions in its disbursement process. NELFUND clarified that it was not deliberately … Read more

Former Lawmaker Repays Student Loan 45 Years After Graduation

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Repays Student Loan

  Forty-five years after graduating from the university, former House of Representatives member Hon. Lanre Laoshe has repaid the student loan he received from the federal government between 1976 and 1979. The loan, which originally amounted to N1,200, was repaid with a sum of N3,189,217.00 to the Nigerian Education Loan Fund (NELFUND). EDITOR’S PICKS Dangote, … Read more

NELFUND Explains Why South-East Students Missed Out On Federal Loan

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Private Universities Student Loan

The Nigerian Education Loan Fund (NELFUND) has clarified why students from South-East institutions have not yet benefited from the federal government’s student loan program. On Friday, NELFUND reported the disbursement of ₦2.95 billion to 27,667 students across 19 universities nationwide. However, none of the federal institutions in the South-East were included on the list of … Read more

Nigerian Education Loan Fund Confirms Receiving ₦50bn From EFCC

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The Nigerian Education Loan Fund (NELFUND) has received an additional N50 billion from the Economic and Financial Crimes Commission (EFCC). This follows the Federal Government’s earlier injection of N60 billion into the fund EKO HOT BLOG reports. Mrs. Oseyemi Oluwatuyi, NELFUND’s Director of Corporate Communications, announced this development on Friday in Abuja. The release of … Read more

Over 9,600 Students Apply for Education Loan from NELFUND in 24 Hours

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No fewer than 9,687 students applied for education loans from the Nigeria Education Loan Fund (NELFUND) within 24 hours. EKO HOT BLOG gathered that this figure marks the highest number of applications in a single day since NELFUND opened its portal for interested students on May 25, 2024. NELFUND’s Director of Corporate Communications, Oseyemi Oluwatuyi, … Read more

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

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The Federal Government has disbursed N2.5bn institution fees to twelve schools. EKO HOT BLOG reports that the Spokesman of the Fund, Nasir Ayitogo, made the disclosure in a statement on Friday in Abuja, saying that 22,120 students benefited from the exercise. EDITOR’S PICKS VIDEO: Angry Lagos Residents Vandalise MTN Office Over Mass Disconnection After Tinubu … Read more

Tinubu Kickstarts Student Loan Disbursement

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President Bola Tinubu-led Federal Government has on Thursday commenced the student loan disbursement. Eko Hot Blog reports that this development follows a mild amendment to the Student Loan Scheme. The President inaugurated a presidential committee to drive the Scheme at the State House, Abuja. To kick start the programme, the President had recently approved ₦35 … Read more

BREAKING: Tinubu Govt Enlists State Varsities For Students Loan

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Fagbemi

The Nigerian Education Loan Fund (NELFUND) has announced the enrollment of students in 36 state-owned universities for students loan application. Eko Hot Blog reports that this was contained in a press statement issued by the agency on Sunday. The statement enjoined other state-owned universities to submit their students data to the NELFUND Student Verification System … Read more

JUST IN: NELFUND Greenlights Student Loan Disbursements

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Private Universities Student Loan

NELFUND authorizes student loan disbursements under Jim Ovia’s leadership; inaugural board meeting sets educational support agenda. Eko Hot Blog reports that the Nigerian Education Loan Fund (NELFUND) has announced the approval for the distribution of student loans to successful applicants. According to an online media platform, NELFUND recently convened its inaugural board meeting, marking a … Read more

Tinubu Approves N35 Billion To Kickstart Student Loan Disbursement

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President Bola Tinubu has sanctioned N35 billion for the launch of the student loan scheme. According to figures from the Nigerian Education Loan Fund obtained by The Nation, 70,000 applications have been approved so far. Additionally, another 50,000 applications are currently being evaluated and are expected to be approved within 30 days. Editor’s Picks Minimum … Read more

New Student Loan Scheme Excludes Nigerian Students Abroad – NELFUND

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Students Abroad

NELFUND has confirmed that Nigerian students studying abroad are ineligible for the new student loan scheme. The Access to Higher Education Act, 2023, signed by Tinubu, provides interest-free loans to indigent students at Nigerian tertiary institutions. This initiative fulfills Tinubu’s campaign promise to improve education funding, making education more accessible. EKO HOT BLOG reports that the … Read more

BREAKING: FG Launches Pilot Phase Of Nigeria’s Student Loan Scheme

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Eko Hot Blog reports that the first phase of Nigeria’s student loan scheme has gone live with federal tertiary institutions as beneficiaries. President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students. The scheme was to commence in October 2023 but implementation was repeatedly … Read more

Student Loan Scheme Kicks Off With 1.2 Million Beneficiaries

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Public Procurement Act

Eko Hot Blog reports that the long-awaited student loan program will launch on Friday, benefiting 1.2 million students in federal tertiary institutions nationwide. According to PUNCH, this was disclosed by the Managing Director and CEO of the Nigeria Education Loan Fund, Akintunde Sawyerr. Sawyerr, who spoke at a pre-application sensitisation press conference in Abuja, on … Read more

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