President Bola Tinubu’s student loan initiative has now channeled N116 billion into tuition and upkeep allowances for Nigerian undergraduates. The Nigerian Education Loan Fund (NELFUND) revealed this during a community outreach in Ogun State.

Tinubu’s Vision: Let No Child Be Left Behind Due to Fees

NELFUND Managing Director Akintunde Sawyerr, while speaking in Ijebu Ife, emphasizes that financial difficulties shouldn't obstruct access to polytechnics, colleges of education, or universities.

• “Developed nations surged ahead through education, not geography. That’s why President Tinubu launched this loan—to guarantee every qualified Nigerian a seat in tertiary school.”

— Akintunde Sawyerr

He urged parents, traditional leaders, and community influencers to mobilize eligible students, declaring:
 — “Keeping a child at home for lack of school fees is now history.”

Loan Structure Designed for Flexibility and Fairness
- Tuition paid directly to institutions
- N20,000 monthly upkeep wired to beneficiaries
- No collateral or guarantor required
- Grace period: repayment begins 24 months after NYSC
- Deduction: only 10% of monthly income
- Unemployed? Submit a simple deferment letter—no penalties

Executive Director Dr Frederick Akinfala addressed circulating myths:

“Claims of certificate seizure or jail for defaulters are completely false. This Act was crafted to empower, not entrap.”

Ogun LGA Steps Up with Application Help Desk
Ijebu East Council Chairman Dr Dare Kehinde hailed the scheme as a “game-changer for human capital development” and pledged to open a dedicated NELFUND support desk at the local government secretariat to guide applicants through every step.

Quick Application Guide
1. Go to nelf.gov.ng
2. Input JAMB registration number & BVN  
3. Verify school details  
4. Submit—no paperwork, no guarantor