NELFUND applauds Tinubu for comitment to sustainable student loan financing

By Joseph Erunke, Abuja
The Nigerian Education Loan Fund, NELFUND, has expressed its appreciation to President Bola Tinubu for directing that eligible liquid funds recovered by the Economic and Financial Crimes Commission, EFCC, be channelled to the Fund to support its growing student loan obligations.
The Fund also welcomed the Federal Executive Council’s approval for unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund to be directed to NELFUND.
The development comes as the student loan scheme continues to expand, with NELFUND having disbursed over N322 billion through more than 1.6 million student loan applications as of August 2026.
The Cha...