The student loan scheme is set to commence, initially benefiting students from federal universities, polytechnics, colleges of education, and technical colleges. Eligibility is contingent upon institutions uploading student data on NELFUND’s dashboard. The application portal opens on May 24, targeting 1.2 million students as beneficiaries. The loan, equivalent to tuition fees, will be disbursed directly to institutions, while monthly stipends will be provided to assist students with other expenses. Akintunde Sawyerr, Managing Director/CEO of NELFUND, announced these details at a news conference in Abuja on May 20.
