FG opens student loan application portal May 24

The Federal Government, through the Nigerian Education Loan Fund, has announced May 24, 2024, as the official date for the opening of the portal for student loan applications.

Afinju FM
1 Min Read


The announcement was made in a statement by the media lead for the NELFund,  Nasir Ayantogo.
Ayantogo, in the statement, said the opening of the application portal marked a significant milestone in the commitment of President Bola Tinubu to  fostering accessible and inclusive education for all Nigerian students.
Recall, on June 12, 2023, Tinubu signed the Access to Higher Education Act, 2023 into law to enable indigent students to access interest-free loans for their educational pursuits in any Nigerian tertiary institution.
A member of the then Presidential Strategy Team, Dele Alake, said the move was in fulfillment of one of his campaign promises to liberalise funding of education,
The Act, popularly known as the Students Loan Law, also established the Nigerian Education Loan Fund to process all loan requests, grants, disbursement, and recovery.

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