The Nigerian Education Loan Fund (NELFUND) has said it is not relying on proceeds of crime as a long-term source of funding for the student loan scheme, even as the fund currently spends about ₦16 billion monthly on students’ upkeep allowances. Managing Director of NELFUND, Mr Akintunde Sawyerr, who spoke, in Abuja, no…

…Students (NANS) Zone C has condemned the withholding of Nigerian Education Loan Fund (NELFUND) refunds by some tertiary institutions in the North-Central region, warning that affected students should not be made to suffer after their fees have already been settled through the student loan scheme. The association also k…

…the Ajaokuta-Kaduna-Kano gas pipeline (AKK Project), the Nigerian Education Loan Fund (NELFUND), technical and vocational training schemes, and the CREDICORP credit initiative as investments meant to “translate macroeconomic stability into microeconomic prosperity.” Yilwatda asked Nigerians to weigh the choice ahead of…

…directed that N50 billion each be allocated to the Nigerian Education Loan Fund, NELFUND, and the Nigerian Consumer Credit Corporation from EFCC recoveries. A further N50 billion each for NELFUND and the Credit Corporation was approved in 2026. The EFCC boss also cited the conversion of the recovered NOK University int…

…Road, rail and airport infrastructure investments, and the Nigerian Education Loan Fund (NELFUND) among the administration’s achievements. He also commended efforts to stabilise the foreign exchange market, saying greater predictability would help businesses plan, while stronger foreign exchange reserves would boost in…

…whatever money we have recovered from looting, we are going to direct most of it to the NELFund to be able to pay school fees by those who ordinarily would have dropped out of school due to lack of ability, you know, for their parents to pay. “So once some of this is taken in aggregate, we now look at it: what is the d…

…to major social investment initiatives, including the Nigeria Education Loan Fund (NELFUND), MOFI Real Estate Investment Fund (MREIF) and CREDICORP. According to him, social transfers had also reached more than 10 million Nigerian households. Idris, however, noted that the Federal Government was still shouldering a sig…

…welfare adjustments, educational access programs like the Nigerian Education Loan Fund (NELFUND), and agricultural inputs tailored for regional farmers. “This gathering serves to take the message of progress and continuity directly to the grassroots,” Onunkwo noted, highlighting the establishment of the South East Deve…

…Lists wage increases, infrastructure, NELFUND, social transfers as benefits of reforms By Emma Ujah ABUJA — The Federal Government has said reforms involving the removal of fuel subsidy and the liberalisation of the naira generated savings of N15.8 trillion for the Federation between June 2023 and December 2025. The M…

…reserves, local government autonomy, police reforms, the Nigerian Education Loan Fund (NELFUND), tax reforms, and extensive road infrastructure projects across the country and the Federal Capital Territory. “While these reforms have come with short-term challenges, we believe they are difficult but necessary steps towa…

…president said that is not acceptable. "He, therefore, deployed this programme known as NELFUND, to ensure that if you want to get an education, which will help you to be a great citizen, you must not be prevented from getting that opportunity simply because you don't come from a rich home." The NELFUND boss further ap…

…one yearAtiku also challenged the government's position on minimum wage implementation, NELFUND funding sources, and rising debt servicing costsPAY ATTENTION: Mark Legit.ng as a preferred source, and our content will appear higher in your Google feed!Abuja, FCT - Former Vice President Atiku Abubakar has rejected the de…

…as they saw them. Except for their grudging acknowledgement of the benefits of NELFUND, they were dismissive of the other great things done by the administration. The bishops were notably acerbic in their submission, but the president listened to them patiently and responded. That should ordinarily have been where the…

…the South-East geopolitical zone to take advantage of the Nigerian Education Loan Fund (NELFUND), describing it as real, functional, and accessible. Ngoforo gave the advice over the weekend when he received a delegation of students’ union leaders from tertiary institutions in the South-East shortly after his engagement…

…is central to this administration’s philosophy, and that principle guided the design of NELFUND,” he said. He further said the administration had restored industrial harmony in tertiary institutions through dialogue with academic and non-academic staff unions, noting that improved stability was contributing to better o…

…he stated. Alausa also assured Nigerians that the Nigerian Education Loan Fund (NELFUND) has been structured to outlive the current administration, saying sustainability was deliberately built into the scheme to guarantee access to higher education for future generations. He disclosed that President Tinubu had consiste…

…rates and floating of the naira, the introduction of the Nigerian Education Loan Fund (NELFUND), the push for local government financial autonomy, the tax reform and, latterly, the commencement of the legislative processes for the creation of state police. In truth, considering the above list, at least at face value, i…

…well for this country and we are very proud of him. Now we're also having a look at the NELFUND policy, which is something that we're excited about because typically the list of scholarships you get, the applications you get, it's almost unimaginable, but today we encourage them to assess NELFUND, which has then freed…

…the country's fortunes. He specifically highlighted the Nigeria Education Loan Fund (NELFUND) as one of the flagship initiatives that has expanded access to tertiary education for students from low-income families. Speaking on the development, the National Convener of RHGN, Hon. Calistus Anyanwu, said the group has alr…

…delay in the payment of upkeep allowances under the Nigerian Education Loan Fund, NELFUND, warning that students across the country may embark on peaceful nationwide protests if the issue is not urgently addressed. The President of NANS, Comrade Akinteye Babatunde Afeez, disclosed this in a statement issued on Saturday…

…across the country," he stated. Akinteye stressed that the primary objective of the NELFUND initiative was to provide financial relief and support to Nigerian students, noting that any delay in accessing the funds undermines the essence of the scheme. "Without mincing words, I wish to state emphatically that the contin…