Over 60,000 students 've applied for loan - NELFUND - NEWS FRONTIER DAILY


Thursday, May 30, 2024

Over 60,000 students 've applied for loan - NELFUND

The Nigerian Education Loan Fund, NELFUND, says it has received over 60,000 applications from students of federal government institutions since it launched the students loan application portal.

However, NELFUND revealed that 30,000 applications have been successfully processed. 

NELFUND also said so far, 90 percent of federal universities have submitted their students' data to its dashboard, adding that 10 percent of federal institutions were yet to submit theirs. 

Besides, the students loan agency declared that its portal for submission of data from state owned tertiary education begins in three weeks time. 

To this end, it appealed to state institutions to begin submission of data of their students for onward processing. 

Managing Director/Chief Executive Officer of NELFUND, Akintunde Sawyerr, said these, Thursday, in Abuja ,during a Post-Application launch press conference.

Sawyerr revealed that since the launch of students application portal a week ago,more than nine million people have visited the site. 

He described the response to the students loan portal as overwhelming. 

He said:"Since the launch of our student loan application portal last Friday for students in federal institutions of higher learning, we have witnessed an extraordinary surge in applications, with over 60,000 submissions since inception. The overwhelming response serves as a testament to the critical need for financial assistance among our student population, and we remain committed to addressing this urgent demand.

"To ensure efficient application processing, we are pleased to report that over 90% of federal institutions of higher learning have submitted their students' data to NELFUND. However, we urge the remaining two Federal Universities and five federal polytechnics to expedite the process to ensure that all eligible students can access our financial support.

"In line with our commitment to democratize higher education, we are excited to announce that NELFUND will commence accepting applications from students attending state-owned tertiary institutions in three weeks. We request all state institutions submit their students' data immediately, as requested, to facilitate a smooth and seamless application process."

On skills acquisition programme, he said:"Beyond financial assistance, NELFUND recognizes the profound importance of equipping our youth with practical, market-relevant skills. Six months from today, we will launch a comprehensive skills acquisition program, providing training in various vocational and technical fields. This program is designed to prepare students to meet the demands of the modern job market, fostering entrepreneurship and innovation among our young people."

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