NELFUND hails fresh funding boost for student loans

From Fred Ezeh, Abuja
The Nigerian Education Loan Fund (NELFUND) has hailed the Federal Government’s fresh funding support for the student loan scheme, describing it as a significant step towards building a sustainable financing system for Nigerian students.
The Fund commended President Bola Tinubu for directing that eligible liquid funds recovered by the Economic and Financial Crimes Commission (EFCC) be channelled to NELFUND to support its growing student loan obligations.
It 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 the Fund.
NELFUND said the development ...