The Nigerian Education Loan Fund (NELFUND) wants every Nigerian student who meets the requirements to know they can get a loan without needing special connections. Dr. Fred Femi Akinfala, who manages finances at NELFUND, emphasized that they are working hard to ensure the application process is fair and easy to understand. This initiative is part of President Bola Tinubu’s plan to make education more accessible for everyone.
To qualify for the loan, students must be enrolled in a Federal or State university and have important documents like a JAMB admission letter, a BVN, and a NIN. Akinfala stressed that every eligible student has an equal chance, and there’s no need for influential connections to secure the loan. Their goal is to simplify the process and ensure it’s fair for everyone.
Akinfala also highlighted NELFUND’s commitment to transparency and accountability. The agency is overseen by a board that includes respected figures like Mr. Jim Ovia, who founded Zenith Bank Plc. They have already gathered information from students in federal universities, polytechnics, colleges of education, and technical colleges. Starting June 28, they will begin collecting data from students in state-owned schools.
The loan program aims to support students in staying enrolled and acquiring the skills they need for their future careers. NELFUND is dedicated to being fair and ensuring that students can trust them to manage the process properly. They want to build trust with the public and make sure that every eligible student can benefit from their support.
