Students From State Institutions to Begin Loan Application in June Says NELFUND

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Following the Federal Government’s approval of students’ loan, the Nigerian Education Loan Fund, NELFUND, said it will start accepting loan applications from students attending state-owned tertiary institutions on June 25.

 

The Managing Director of NELFUND, Akintunde Sawyerr said this at a news conference on the Post-Application Launch, adding that over 60,000 students from federal tertiary institutions had successfully registered since the application was launched.

 

He said from about 30,000 applicants had successfully applied for the loan, however, no approval had been granted so far.

 

“Since the launch of our student loan application portal last Friday for students in Federal institutions of higher learning, we have witnessed an extraordinary surge in applications, with over 60,000 submissions since inception.

 

“The overwhelming response serves as a testament to the critical need for financial assistance among our student population, and we remain committed to addressing this urgent demand.

 

“In line with our commitment to democratise higher education, we are excited to announce that NELFUND will commence accepting applications from students attending state-owned tertiary institutions in three weeks,” he said, adding that over 90 percent of federal institutions had submitted their students’ details to NELFUND.

 

He urged all state institutions to submit their students’ data immediately to help facilitate a smooth and seamless application process, and also encouraged the remaining two federal universities and five federal polytechnics to hurry up with the process to ensure that all eligible students have access to its financial support.

 

Mr Sawyerr also said that in six months time, the Fund would launch the skill acquisition programme which was designed to prepare students to meet market demands through fostering entrepreneurship of the young people.

 

“Beyond financial assistance, NELFUND recognises the profound importance of equipping our youth with practical, market-relevant skills.

 

“Six months from today, we will launch a comprehensive skills acquisition programme, providing training in various vocational and technical fields.

 

“This programme is designed to prepare students to meet the demands of the modern job market, fostering entrepreneurship and innovation among our young people.

 

“We are going to be working with existing centres in the right standard to give the right level of training to Nigerians,” he added.

 

Mr Sawyerr concluded by saying no ICT platform was devoid of challenges, however, the Fund had been able to address challenges that applicants are likely to experience.

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