NELFund Projects 2.1 Million Student Loan Beneficiaries by End of 2024

The Nigerian Education Loan Fund has projected that approximately 2.1 million students will benefit from student loan programs, according to the agency's latest estimate.

Nigeria's student loan program is expected to expand significantly, with the Nigerian Education Loan Fund (NELFund) projecting that up to 2.1 million students will benefit from loans by the time the initiative reaches its full potential. As an intervention agency set up by the Federal Government, NELFund aims to support students in pursuing higher education and equip them with the skills needed to contribute to the country's economic growth. The projected increase in beneficiaries highlights the growing need for accessible educational financing options in Nigeria. With this expansion, NELFund is poised to play a crucial role in shaping the country's future workforce and promoting student success.