Flowerbud News

Tag: NELFUND

  • NELFUND extends loan application deadline for BUK students

     

    By Bashir Bello

    Kano:   Bayero University, Kano (BUK) has announced an extension of the Nigerian Education Loan Fund (NELFUND) application period for eligible students for the 2025/2026 academic session.

    This is contained in a special bulletin signed on behalf of the Registrar by the Director of Public Affairs, Lamara Garba, issued to Newsmen on Saturday in Kano.

    Garba said the extension and reopening of the NELFUND portal followed a request by the university management, giving students the opportunity to apply from May 8 to 29.

    “This reopening provides the final opportunity for eligible students who have completed their screening to visit the official NELFUND portal at http://portal.nelf.gov.ng to commence and complete applications for both institutional charges and upkeep.

    “Applicants are advised to strictly follow all application procedures and upload the required documents on the portal,” he said.

    Garba stressed that all necessary documents must be properly uploaded to avoid delays or disqualification.

    “Applications for institutional charges and upkeep must be submitted simultaneously, as separate applications may not be processed,” the director said.

    He discouraged the use of microfinance bank wallet accounts such as Opay and Moniepoint for the application.

    “Applicants should ensure their email addresses are accurate and accessible.

    “Passwords must be securely kept and remembered, as they will be needed to access the portal and track application status,” he said.

    Garba urged all eligible students to take advantage of the final window and complete their applications before the deadline. (NAN)(www.nannews.ng)

  • NELFUND: FG Commits ₦90bn To Support 400,000 Tertiary Students

    NELFUND: FG Commits ₦90bn To Support 400,000 Tertiary Students

     

     

    A total of 780,089 students have registered on the platform, while 788,842 applications have been received.

     

     

    The  Federal Government has committed more than ₦90 billion to the education and welfare of more than 400, 000 students across Nigeria’s tertiary institutions.

    This was disclosed by the Minister of Information and National Orientation, Alhaji Mohammed Idris, in a statement issued in Abuja on Wednesday.

    Idris disclosed during a courtesy visit from a platform of State Commissioners of Information led by the Borno State Commissioner of Information and Internal Security, Prof. Usman Tar, that the President’s initiative through the Nigerian Education Loan Fund (NELFUND) has supported the students to continue their education without financial difficulties.

    The Fund was introduced by President Bola Tinubu as part of efforts to expand access to higher education and reduce the burden of tuition and living expenses on students and their families.

    Since its rollout, the scheme has attracted attention as one of the administration’s flagship interventions in education. It provides direct financial assistance to students to prevent disruptions in their studies due to economic hardship.

    The Minister explained that the support covers more than tuition fees, as students also benefit from upkeep allowances, stressing that the President’s vision is to ensure that all Nigerians benefit from government policies regardless of political affiliation or religion.

    “The Federal Government under President Bola Tinubu has committed N90 billion to NELFUND. Tinubu’s vision is that, on no account, should a Nigerian child of school age be denied going to a tertiary institution,” Idris said

    “Therefore, this amount is not for school fees alone but also for upkeep of over 400,000 students across different tertiary institutions in the country,” he noted

    “Nigeria under Tinubu is on the path to prosperity. This is my message to you. We are in government to serve the interests of all, irrespective of political parties.”

    According to the daily status report generated on September 3, a total of 780,089 students have registered on the platform, while 788,842 applications have been received. Out of these, 449,039 students have so far benefited from the scheme.

    Idris also urged Nigerians to look beyond political affiliations when assessing government initiatives, saying,

    “If you will not listen to me because I was appointed by President Tinubu of the All Progressives Congress, don’t forget that your children need the NELFUND to stay in school. And also your people who have cancer need treatment and would have to access the Cancer Screening and treatment Centre/Oncology that Tinubu provided,” Idris said.

    He reiterated that Tinubu’s leadership is for the collective good of Nigerians, irrespective of religion or political party.

    As of August 6, 2025, disbursements had reached ₦86.3 billion, with ₦47.6 billion allocated to cover institutional fees across 218 beneficiary institutions, while ₦38.7 billion was paid directly to students as upkeep allowances.

  • NELFUND Disburses N6.9 Million to Students of Aviation and Aerospace Studies at AAAU

    NELFUND Disburses N6.9 Million to Students of Aviation and Aerospace Studies at AAAU

     

     

    By Biola Lawal
    Abuja (FLOWERBUDNEWS): The Nigeria Education Loan Fund (NELFUND) has disbursed ₦6,972,000.00 to 10 beneficiaries at African Aviation and Aerospace University (AAAU), Abuja, Nigeria.

    Breaking the News, NELFUND disclosed on its X handle:

    ”We are pleased to announce the disbursement of ₦6,972,000.00 to 10 beneficiaries at African Aviation and Aerospace University (AAAU), Abuja, Nigeria.”

    The Fund stressed its determination to continuously support educational institutions by empowering students at various tertiary institutions.

    On the disbursement to AAAU, NELFUND said:
    ‘:This disbursement underscores our continued commitment to supporting educational institutions and empowering individuals through targeted funding.”
    #NELFUNDStudentLoan (FLOWERBUDNEWS)

  • NELFUND assures lawmakers of prudent disbursement of funds

    NELFUND assures lawmakers of prudent disbursement of funds

     

    By Ikenna Osuoha

    The Nigerian Education Loan Fund (NELFUND) has reaffirmed its commitment to transparent and responsible disbursement of student loans across the country.

    NELFUND’s, Managing Director, Mr Akintunde Sawyerr, made this known during an oversight meeting with the House Committee on NELFUND on Wednesday in Abuja.

    Sawyerr  disclosed that 90 per cent of all funds received by the agency were strictly allocated for student loans, in line with the law.

    “Ninety per cent of funds that come to NELFUND are to be spent exclusively on loans. These funds must go towards paying students’ fees and cannot be diverted or used for any other purpose,” he stated.

    He added that any deviation from this mandate would constitute a breach of the law.

    Providing an update on disbursement, Sawyerr disclosed that a total of ₦54 billion had so far been disbursed to students and institutions nationwide.

    According to him, “NELFUND has paid 303 government-owned institutions,  including universities, polytechnics, and colleges of education,  and disbursed approximately ₦54 billion in total.“

    He further explained that ₦30 billion out of the total amount was paid directly to the institutions, while ₦24 billion was disbursed as stipends to 293,000 Nigerian students enrolled in public tertiary institutions.

    Earlier, the Chairman of the House Committee on NELFUND, Rep. Ifeoluwa Ehindaro, said the meeting was convened to clarify reports and address public concerns regarding potential mismanagement of funds.

    “You have been invited to provide clarification and enlighten this committee on issues surrounding the disbursement and administration of student loans by your agency,” Ehindaro said.

    The News Agency of Nigeria (NAN) reports that the meeting followed recent allegations by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) concerning fund diversions at NELFUND. (NAN)( www.nannews.ng)

  • NELFUND Hits 500,000 Student Loan Applications Milestone in Its First Year of Operation

    NELFUND Hits 500,000 Student Loan Applications Milestone in Its First Year of Operation

     

    –  A Major Step Forward in Expanding Access to Higher Education

     

    By Majeed Ishola

    Abuja:  FLOWERBUDNEWS:   The Nigeria Education Loan Fund (NELFUND) has reached a remarkable milestone in its first year of operation: over 500,000 Nigerian students have now applied for student loans through the NELFUND portal.

    This milestone, achieved within just 11 months of operations, underscores the critical need for accessible student financing in Nigeria and highlights the widespread trust in NELFUND’s mission to democratize access to tertiary education, a statement by Mrs Oseyemi Oluwatuyi, Director, Strategic Communications disclosed.

    “This is more than just a number, it’s a signal of hope for families across Nigeria. We are witnessing a nationwide demand for opportunity, and NELFUND is proud to be at the heart of this transformation,” said Managing Director/CE of NELFUND, Mr. Akintunde Sawyerr.

    Since the launch of the portal, students across the country have actively engaged with the application process for both institutional and upkeep loans demonstrating the relevance and urgency of the Fund’s efforts.

    NELFUND remains committed to ensuring transparency, accessibility, and efficiency as the process continues, and calls on all stakeholders to join in supporting the vision of equitable education for all.

    For more information, please visit nelf.gov.ng or contact our customer support team via email at clientsupport@nelf.gov.ng. (FLOWERBUDNEWS)