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NELFUND to disburse student loans within 30 days of approval

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NELFUND News

Student Loan

Applicants for the student loan scheme will have their funds disbursed within 30 days of approval of successful applications.

This is even as the much-awaited loan scheme commenced on Friday, May 24, signaling the formal take-off of the initiative. The website , which went live at midnight Friday, is expected to benefit 1.2million students from…

In a Frequently Asked Questions posted on the Fund’s official X handle, it also revealed that part-time students and Direct Entry students without JAMB Numbers are ineligible to apply. At a Pre-Application Sensitisation Press Conference in Abuja on Monday, Managing Director/Chief Executive Officer of the Fund, Akintinde Sawyerr, stated that one of the key features of the programme is absence of physical contact between the loan applicant and the Fund.

Meanwhile, the National Association of Nigerian Students has accused ‘several tertiary institutions’ of failing to submit data of students to NELFUND to enable them apply for the loan facility. The Federal Government has warned against the use of self-contained underwater breathing apparatus diving equipment for commercial diving operations within Nigerian territorial water.

 

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