The Nigerian Education Loan Fund (NELFUND) has recently increased its beneficiaries to 22,120 students, with loans totaling over N2.53 billion. The fund has fully paid fees for students at six out of twelve institutions, amounting to approximately N2.03 billion. Additionally, NELFUND is providing N442.4 million for student upkeep in July. Twelve more state-owned institutions have been added to the scheme, bringing the total to 48, though data from 121 institutions is still pending. This expansion aims to support students and alleviate their financial burdens, ensuring payments align with academic calendars.
https://businessday.ng/life/article/nigerian-students-react-to-new-loan-scheme-amid-asuus-criticism
