The Managing Director of NELFUND, Akintunde Sawyerr, disclosed this at the inauguration and induction of members of the SERVICOM unit and committee in Abuja.
His projection comes one week after data obtained from NELFUND showed that it has disbursed over N104bn to 613,734 students from Nigerian tertiary institutions since commencement.
The disbursed funds encompass institutional fees paid directly to the institutions of applicants and upkeep loans paid directly to the account number provided by the applicants.
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Addressing newsmen in Abuja, Sawyerr explained that with the admission of about 400,000 new entrants this year, the Fund may have its total number of registrants reach 2.1 million students.
When asked if the Fund would also address the plight of the over 20 million out-of-school children in Nigeria, Sawyerr dismissed the notion.
According to him, the loan scheme is strictly for students in tertiary institutions in line with the building principles and law.
Sawyer added that about 417,000 students have registered on the portals, and about 328,000 have applied, stating that some have been processed, many have been looked at, and most of them will get the loan.