NELFUND’s managing director, Akintunde Sawyerr, said the 2024/2025 application cycle would commence on February 22.
Mr said NELFUND received loan applications from 364,042 students and that about 169,114 had benefitted from the disbursement of the monthly stipend.
Mr Sawyerr said the disbursement of the fund underscored the federal government’s unwavering commitment to empowering Nigerian students.
This was disclosed in a statement on Tuesday in Calabar by Tony Eyang, the university’s deputy vice-chancellor (academic).
Mr Ayitogo said that the fund disbursement reflected the federal government’s commitment to the overall well-being and academic success of Nigerian students in government institutions.
As Government, we are desirous of a peaceful outcome, and we will do everything to make this happen.
The managing director said that NELFUND, under his watch, would not deviate from its sole mandate of giving as many loans as possible to Nigerians in need of them.
“Unfortunately, I won’t be able to commit to a specific date.’’
Governor Babajide Sanwo-Olu has commended President Bola Tinubu for signing the student loan bill into law.
Indigent Nigerians are to have easy access to higher education through interest-free loans from the Nigerian Education Loan Fund.
