12 more institutions qualify for NELFUND’s student loan scheme

The Nigerian Education Loan Fund (NELFUND) says 12 additional state-owned tertiary institutions have uploaded their students’ data on its student verification system (SVS).

On Sunday, NELFUND revealed that only 36 of 151 state-owned institutions had uploaded their students’ data on the SVS, granting their students access to enrol in the loan scheme of the federal government.

It also advised other state-owned tertiary institutions yet to “submit their complete student data to its SVS portal to do so to enable their students to benefit from the scheme”.

Sharing an update on Wednesday, Nasir Ayitogo, the spokesperson for NELFUND, disclosed that the total number of state-owned institutions eligible to participate in the student loan scheme has now increased to 48.

Ayitogo also listed the additional 12 state-owned institutions onboarded for the scheme.

See the list below:

1. Abia State Polytechnic
2. Benue State University, Makurdi
3. College of Education, Waka-Biu
4. University of Medical and Applied Sciences Enugu state
5. Aliko Dangote University of science and Technology Wudil, Kano state
6. KWARA POLYTECHNIC
7. Lagos State University of Science and Technology
8. Ibrahim Badamasi Babangida Uniersity Lapai, Niger state
9. Olabisi Onabanjo University
10. Abraham Adesanya Polytechnic
11. Taraba State Polytechnic
12. Yobe State University

On May 24, the NELFUND portal went live and became accessible to students of tertiary institutions.

President Bola Tinubu enacted an initial version of the student loan policy in June 2023 to grant interest-free loans to students.

The scheme was to commence in October 2023 but implementation was repeatedly deferred until a re-enactment in April 2024.

Last month, NELFUND approved the disbursement of the student loans to all successful applicants in its first rollout.