Breaking: NELFUND Opens Loan Portal for Students from State-Owned Institutions, Lists Eligible Schools
Abuja, Nigeria – The Nigerian Education Loan Fund (NELFUND) has opened the loan portal for students from 36 state-owned tertiary institutions to apply for financial assistance. The announcement was made via a tweet on X on Sunday, July 7, where NELFUND confirmed that the management of these institutions had successfully submitted their student data to the NELFUND Student Verification System (SVS).
The eligible institutions include:
- Adamawa State University, Mubi
- Ramat Polytechnic, Maiduguri
- Borno State University
- Mohammet Lawan College of Agriculture, Borno State
- Edo State University, Uzairue
- Ekiti State University, Ado-Ekiti
- Gombe State University
- Kingsley Ozumba Mbadiwe University, Imo State
- Imo State University of Agriculture and Environmental Sciences, Umuagwo
- Nuhu Bamalli Polytechnic, Zaria
- Yusuf Maitama Sule University, Kano
- Umaru Musa Yar’adua University, Katsina
- Katsina State Institute of Technology and Management
- Kebbi State University of Science and Technology, Aliero
- Confluence University of Science and Technology, Kogi State
- Lagos State University of Education
- Lagos State University
- Nasarawa State University, Keffi
- Tai Solarin University of Education, Ogun State
- University of Medical Sciences, Ondo
- Osun State University
- University of Ilesa, Osun State
- Various Government Technical Colleges in Osun State
- Osun State College of Education, Ila-Orangun
- Osun State College of Technology
- Taraba State University, Jalingo
- Umar Suleiman College of Education, Gashua, Yobe State
- Zamfara State University, Talata Mafara
“The Nigerian Education Loan Fund (NELFUND) is pleased to announce that students enrolled in the following 36 state-owned tertiary institutions can now apply for student loans effective today, 7th July 2024,” the statement read. It urged other state-owned institutions to submit their student data to the SVS promptly to enable their students to benefit from the scheme.
The management of NELFUND had postponed the application process for students from state-owned tertiary institutions to July 10, 2024, due to low data submissions. Initially, the process was scheduled to open on June 25, 2024. This shift was necessitated by the failure of several institutions to upload the required student data and fee information to the SVS.
The NELFUND scheme is expected to benefit no fewer than 1.2 million students as part of President Bola Tinubu’s administration’s efforts to ensure that no Nigerian student drops out of school due to a lack of funds. The program will be funded by one percent of the total annual collectable revenue by the Federal Inland Revenue Service (FIRS), with an initial approval of ₦35 billion for the scheme’s take-off. Repayment of the loans will commence two years after the completion of the National Youth Service Corps (NYSC) program.
NELFUND Loan Portal https://nelf.gov.ng/
