A press release from NELFUND’s Director of Corporate Communications, Oseyemi Oluwatuyi, announced that the Economic and Financial Crimes Commission (EFCC) has transferred an additional ₦50 billion to the Nigerian Education Loan Fund (NELFUND) in response to a directive from President Bola Tinubu. This allocation of funds aims to further strengthen the student loan program and enhance access to education for the youth across Nigeria.
NELFUND expresses gratitude to President Bola Ahmed Tinubu for his steadfast commitment to the education sector and his continuous efforts to support the most vulnerable segments of the population. By allocating these funds to the student loan scheme, President Tinubu has demonstrated visionary leadership and a dedication to fostering a brighter future for Nigerian students and the socioeconomic advancement of Nigeria.
NELFUND also acknowledges and appreciates the EFCC, under the leadership of its Executive Chairman, Ola Olukayode, for their prompt action in facilitating the release of the funds. These funds are pivotal in NELFUND's mission to provide essential financial support to students and to ensure that the resources directly benefit those most in need. NELFUND has initiated a partnership with EFCC to oversee the disbursement process, ensuring equitable, responsible, and efficient utilization of the funds.
With the support of the government and EFCC, NELFUND is dedicated to advancing its mission of expanding access to tertiary education for aspiring Nigerian youth and enhancing the employability of well-educated graduates in both academic and vocational sectors.