The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has called on student leaders to take full ownership of the government’s interest-free student loan scheme. Speaking at a Stakeholders Engagement Session in Abuja, Sawyerr emphasized the need for student collaboration to ensure smooth implementation.
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“We need your voice, leadership, and campus engagement to raise awareness and refine this scheme,” Sawyerr stated. He assured that NELFUND is committed to removing financial barriers for Nigerian students, aligning with President Bola Tinubu’s Renewed Hope Agenda.
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Meanwhile, NELFUND’s Executive Director of Operations, Iyal Mustapha, warned institutions against delays in verifying student applications. “Disbursement slows when schools don’t confirm student status promptly,” he said.
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NANS President Olushola Oladoja also raised concerns over alleged sabotage by some institutions, announcing a five-man committee to investigate.
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The loan covers tuition and provides monthly upkeep, with repayment starting two years after NYSC—only if employed.
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