Loan: We receive over 1,800 applications daily from students

Nigerian Education Loan Fund (NELFUND) reports over 570,000 registrations and around 515,000 formal loan applications from students, with about 1,800 daily applications.
The Managing Director Akintunde Sawyerr highlighted efforts to democratize educational opportunities and address financial barriers, especially for technical institution students.
Stakeholders’ engagement and technical workshops are aimed at improving the loan application process through automation for faster and transparent disbursement.
NELFUND emphasizes thorough checks to ensure responsible loan use, urging students to apply thoughtfully and correctly for loans aligned with their educational goals.