Lagos State University (LASU) is excited to inform its students about the opportunity to apply for federal student loans through the Nigerian Education Loan Fund (NELFUND). This initiative, part of the Access to Higher Education Act of 2024, aims to help students who need financial assistance to cover their educational expenses. The federal government, under President Bola Ahmed Tinubu, has launched this scheme to support students in achieving their academic goals.
LASU has provided a detailed guide to help students navigate the loan application process. Interested students can apply for the loan by visiting the official NELFUND website. The application process is open now, and students are encouraged to apply as early as possible to secure their financial support. For more information or help with the application, students can visit the Directorate of Special Interventions located on the 3rd Floor of the Babatunde Raji Fashola Senate Building at the LASU main campus in Ojo.
This announcement follows President Tinubu’s recent approval of N35 billion for the loan scheme, which is designed to support up to 70,000 students initially. This financial aid is a significant step towards easing the burden of educational costs for many students. The LASU administration has emphasized the importance of taking advantage of this opportunity to invest in one’s future and urged students not to miss out.
In addition to this, President Tinubu has appointed Jim Ovia, a well-known banker, as the Chairman of the NELFUND Board. This appointment was announced by Chief Ajuri Ngelale, the Special Adviser to the President on Media and Publicity. The NELFUND initiative is a key effort to improve access to higher education by providing necessary financial support.
The LASU administration is committed to helping students navigate this new opportunity and is hopeful that many will benefit from the program. Students are encouraged to act quickly and make the most of this chance to secure funding for their studies.
For those interested in applying, detailed instructions are available on the NELFUND website. The university’s Directorate of Special Interventions is also ready to assist with any questions or issues during the application process.
Overall, this initiative represents a major step forward in supporting students’ educational journeys and making higher education more accessible to those in need.
