President Tinubu Launches NELFUND Portal, Releases 33 Billion Naira for Student Loans”
President Tinubu Launches NELFUND Portal, Releases 33 Billion Naira for Student Loans”
In a move that marks a significant milestone in the country's education sector, President Bola Tinubu has launched the Nigeria Education Loan Fund (NELFUND) portal, releasing 33 billion Naira for student loans. The initiative, which missed its initial deadline, has finally taken off, realizing the dream of many Nigerian students who struggle to access higher education due to financial constraints.
Speaking at the launch, President Tinubu reiterated his administration's commitment to investing in education, stressing its role as a catalyst for socio-economic development. "Quality education is the bedrock of any nation's progress, and we cannot afford to leave any Nigerian student behind," he said.
The NELFUND portal is designed to provide interest-free loans to students who cannot afford to pursue higher education at Nigerian tertiary institutions. To access the application, students are required to provide their JAMB registration number, date of birth, National Identification Number (NIN), and Biometric Verification Number (PVN).
President Tinubu emphasized that his administration is dedicated to reaching out to every Nigerian student who is financially challenged, ensuring they have access to quality education. "Our developmental ideas may be a distant dream without quality education for the coming generations of Nigerians," he noted.
The launch of the NELFUND portal marks a significant step towards bridging the educational gap and promoting inclusive growth in Nigeria. With 33 billion Naira allocated for student loans, thousands of students are expected to benefit from the scheme, paving the way for a brighter future for themselves and the nation."
~Yongo Wandoo Cynthia