![\"\"](\"https:\/\/presspay.ng\/news\/wp-content\/uploads\/2024\/04\/NELFUND.webp\")
<\/figure>\n\n\n\n\u201cWe\u2019re exploring the possibility of deploying our IT teams to institutions to establish direct connections with your portals,\u201d he said. \u201cIdeally, students should be able to apply for loans through their school\u2019s platform, making the process more convenient and accessible.\u201d<\/em><\/p>\n\n\n\n Sawyerr emphasized the importance of strong collaboration between NELFUND and educational institutions to build a robust and trustworthy loan system.<\/p>\n\n\n\n \u201cWe are committed to creating a stress-free, transparent system that students can trust,\u201d he stated. \u201cTransparency is critical so that no applicant is left uninformed. We count on our institutional partners to help bring this vision to life.\u201d<\/em><\/p>\n\n\n\n He reiterated that students must remain the central focus of all efforts.<\/p>\n\n\n\n \u201cAs we align NELFUND\u2019s systems with institutional structures, we must remember that at the heart of this initiative is the Nigerian student\u2014ambitious, hopeful, and deserving of support. Collaboration, open communication, and practical solutions are essential to achieving this goal.\u201d<\/em><\/p>\n\n\n\n Sawyerr expressed concern over the financial struggles many students\u2014especially those in technical institutions\u2014face, which often result in dropout or non-enrollment.<\/p>\n\n\n\n \u201cFor too long, financial hardship has forced students out of school, or deterred them from enrolling altogether. That is the gap we are determined to close. But we cannot do it alone\u2014this mission requires collective action from government, institutions, and the private sector.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n \u201cOur goal at NELFUND extends beyond disbursing loans. It\u2019s about creating real opportunities for every young Nigerian, regardless of background, location, or field of study.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n Speaking at the event, NELFUND\u2019s Executive Director of Operations, Mr. Iyal Mustapha, provided an update on the fund\u2019s reach so far. He revealed that over 320,000 students have received financial support, while additional applications are currently being verified.<\/p>\n\n\n\n \u201cWe\u2019ve recorded 576,000 registrations on our portal, with 516,000 completing the application process. Some users may have dropped off due to data issues or simply explored the platform without intending to apply.\u201d<\/em><\/p>\n\n\n\n He emphasized the importance of institutional cooperation in ensuring more students benefit from the program.<\/p>\n\n\n\n Mustapha also clarified the structure of the loans available.<\/p>\n\n\n\n \u201cThe institutional loan, which is distinct from the monthly N20,000 upkeep allowance, is paid directly to the institutions.\u201d<\/em><\/p>\n\n\n\n Source: Nairametrics<\/p>\n","protected":false},"excerpt":{"rendered":" The Nigerian Education Loan Fund (NELFUND) has announced plans to deploy its IT teams to tertiary institutions across the country<\/p>\n","protected":false},"author":1,"featured_media":20758,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_container_layout":"default_layout","colormag_page_sidebar_layout":"default_layout","footnotes":""},"categories":[49],"tags":[55,60,353,64],"class_list":["post-29203","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-education","tag-education","tag-finance","tag-nelfund","tag-student"],"yoast_head":"\n\n
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