NELFUND sends fresh important message to all Nigerian students, see details

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Legit.ng journalist, Ridwan Adeola Yusuf, has over 9 years of experience covering metro and tertiary education in Nigeria.

FCT, Abuja - Akintunde Sawyerr, the managing director (MD) of the Nigerian Education Loan Fund (NELFUND), has called on Nigerian students to take full advantage of the NELFUND student loan scheme.

Legit.ng reports that the NELFUND boss made this appeal during a student loan sensitisation programme organised by the National Association of Nigerian Students (NANS) in Port Hacourt on Thursday, August 22.

Sawyerr described the scheme as a historic initiative aimed at making higher education accessible to all, regardless of financial background.

In his address, the NELFUND MD spoke about the scheme’s 'alignment' with President Bola Tinubu’s commitment to education as a cornerstone of national development.

He highlighted that the loan scheme is not just a financial assistance but an investment in the future of Nigerian students, allowing them to pursue higher education without the burden of financial constraints.

His words:

“The NELFUND Student loan scheme was conceived to ensure that every Nigerian student can access higher education without financial hindrance,” the MD stated.“This initiative is a testament to President Tinubu’s vision of empowering the youth to become the architects of our nation’s future.”

Details of NELFUND student loan

Furthermore, Sawyerr provided details on the loan scheme, explaining that it covers both tuition fees and living expenses, with repayment terms designed to be fair and manageable.

He also assured students that loan repayment would only begin two years post- National Youth Service Corps (NYSC), provided they have secured employment or started a business.