The Nigerian government has announced the opening of the student loan portal managed by NELFUND, facilitating access to education financing. After months of delays, the portal is set to launch on May 24, offering students the opportunity to pursue academic aspirations without financial constraints.
The Nigerian Education Loan Fund (NELFUND) has revealed that the long-awaited student loan application portal will be launched on Friday, May 24. This announcement follows delays from the initial September 2023 launch date, later modified by President Bola Tinubu.
The portal aims to provide accessible education financing to students, signaling a significant stride towards inclusive education. Through the portal, eligible students can apply for loans to pursue their academic aspirations without financial constraints, as emphasized by NELFUND's Managing Director, Mr. Akintunde Sawyerr.
The initiative, established by the Access to Higher Education Act, is poised to alleviate the financial burden on low-income Nigerians seeking higher education. However, concerns remain about the implementation and effectiveness of the program, as stakeholders anticipate its impact on educational accessibility and national development.
