The Nigeria Education Loan Fund (NELFUND), led by Managing Director/CEO Mr. Akintunde Sawyerr, announced a record-breaking surge in student loan applications within 24 hours. A total of 9,687 student registrations were recorded, with 7,975 completed applications, marking the highest single-day total since the portal’s launch on May 25, 2024.
“This overwhelming surge in interest underscores the critical role that NELFUND plays in enabling access to higher education for students facing financial challenges,” said Mr. Sawyerr. “The high number of applications confirms the fact that financial constraints are a major issue for many aspiring higher education students.”
The milestone aligns with President Bola Ahmed Tinubu’s vision of supporting students struggling with tertiary education financing. Since the portal’s opening, there has been a steady influx of applications, highlighting the pressing need for financial assistance among Nigerian students.
Mrs. Oseyemi Oluwatuyi, Director of Corporate Communications, emphasized the importance of the fund’s mission, stating, “This milestone is a testament to the effectiveness of the Fund’s outreach and the trust that students place in the program and the President’s pronouncement. It is also a call to action for those who have not yet applied.”
Eligible students are encouraged to apply for loans through the NELFUND portal, with a dedicated support team available to assist applicants throughout the process.