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In less than a year since its launch, the Nigeria Education Loan Fund (NELFUND) has attracted over 500,000 student loan applications—highlighting a growing national demand for accessible and inclusive higher education support. The remarkable figure, achieved in just 11 months, signals the urgent need for student-friendly financial structures in Nigeria’s educational system. Speaking on the development, Mr.
Akintunde Sawyerr, managing director/CEO of NELFUND, described the volume of applications as “a signal of hope for families across Nigeria.” “We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation,” he said. Since launching its portal, the Fund has enabled students from various institutions to apply for both tuition and maintenance loans, demonstrating the critical role it plays in bridging educational access gaps.
Sawyerr reaffirmed the Fund’s dedication to transparency, ease of access, and operational efficiency, while calling on stakeholders across sectors to support NELFUND’s mission of making higher education affordable for all. He also encouraged students who are yet to apply or who need clarity on the process to reach out to the NELFUND support team for guidance..
