Education

Don’t drop out of school, NELFUND urges students

By Clifford Ejenavi As the Nigerian Education Loan Fund (NELFUND) opened 2024/2025 student loan application for students of tertiary institutions across the country to ensure seamless study, its Managing Director/CEO, Akintunde Sawyyer, has urged students not to drop out of school as the fund is focused on taking care of their school fees and giving…

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By Clifford Ejenavi

As the Nigerian Education Loan Fund (NELFUND) opened 2024/2025 student loan application for students of tertiary institutions across the country to ensure seamless study, its Managing Director/CEO, Akintunde Sawyyer, has urged students not to drop out of school as the fund is focused on taking care of their school fees and giving them monthly stipends.

The NELFUND MD/CEO while speaking with Nigerian Impact on the phone on Tuesday February 18, 2025, noted that any student on NELFUND who decided to drop out of school should know that what NELFUND offers is a loan and any loan according to law must be paid. He said NELFUND is putting mechanisms in place to ensure employment for students after graduation.

He therefore appealed to students to take advantage of the fund to get tertiary education which is in line with President Bola Tinubu’s Renewed Hope Agenda.

It would be recalled that at a media briefing in Abuja, Sawyerr announced the closing of the 2023/2024 cycle and opening of the 2024/2025, adding that it is a strategic move to optimize the processes and ensure equitable distribution of funds. He assured that all applications submitted before the deadline for the 2023/2024 cycle would be processed accordingly. He urged prospective applicants to prepare in advance and meet the eligibility criteria outlined on the NELFUND portal.

He said, “This transition is essential to streamline our operations, align with the academic calendar, and improve the efficiency of our loan processing system. We encourage all prospective applicants to gather the necessary documents and ensure they meet the eligibility requirements.”

He emphasized that the shift from one cycle to another aims to enhance the loan disbursement process, making it more transparent and effective.

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