The Nigeria Education Loan Fund (NELFUND) has authorized an additional 22 state-owned tertiary institutions to participate in its student loan program, increasing the total number of eligible institutions to 108. This expansion follows the recent establishment of the fund by President Bola Tinubu, who introduced it as part of the Access to Higher Education Act. The fund aims to support indigent or low-income Nigerian students by providing loans for their tertiary education. NELFUND is responsible for managing loan requests, disbursements, and recoveries, and is funded through various streams as outlined in the act.
https://www.channelstv.com/2024/08/14/full-list-nelfund-clears-22-more-institutions-for-student-loan
