Abuja, Nigeria – The Nigerian Education Loan Fund (NELFUND) don drop beta news for those wey need school money. As of October 28, 2025, dem don disburse over ₦116.4 billion to students since dem launch the application portal wey start for May 24, 2024. No be small matter o! According to inspiration from di Daily Status Report wey dem release, almost 929,805 students don apply, and 624,535 don collect money from di scheme. (Na wah, see as e be!)
Di report come show say fresh applications don increase by 1.4% from di day before, with 12,398 new successful applications. Na this kind hustle wey dem do go make education beta for young pipo. All this money no dey go wash plate o, as ₦65.3 billion don pay directly to 239 universities for school fees, and ₦51.1 billion don go for students’ upkeep. Na serious cash wey fit change life!
Oseyemi Oluwatuyi, di Director of Strategic Communications for NELFUND, talk say di portal for di 2025/2026 academic session open on October 23, 2025, go close by January 31, 2026. Dem dey call all di fresh student make dem apply with their Admission Number or JAMB Registration Number. (Simple wetin?)
Dem establish NELFUND after President Bola Tinubu sign di Nigeria Student Loan Act in April 2024. Dis initiative dey provide interest-free loans to pipo wey dey go public tertiary institutions, to make sure no be only rich pipo go fit get education. Once dem finish school, dem go dey expected to pay back di loan once dem don secure job. Na so e fit work!
Biko, dem no dey play when it come to helping students. Dis move go help many low-income families wey sabi hustle for their education. Education suppose no be play play matter. If our people fit dey pay school fees without wahala, dem go fit focus on their studies and make better future for our country. (No be so dem dey take talk am?)
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