Tag: NELFUND

  • NELFUND Faces ₦16bn Monthly Upkeep Bill as Loan Recoveries Remain Zero

    NELFUND Faces ₦16bn Monthly Upkeep Bill as Loan Recoveries Remain Zero

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    Starnews NG
    in

    By Opeyemi Adelakun The Nigerian Education Loan Fund has disclosed that it is yet to recover any student loans from beneficiaries, despite the scheme’s monthly upkeep obligation rising to about ₦16bn. NELFUND Managing Director, Akintunde Sawyerr, disclosed this on Monday during an interview with ARISE NEWS, saying the Federal Government was considering alternative funding options…

  • NELFUND Begins June, July Upkeep Payments

    NELFUND Begins June, July Upkeep Payments

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    by

    Starnews NG
    in

    By Opeyemi Adelakun The Nigerian Education Loan Fund (NELFUND) has commenced the disbursement of June and July upkeep allowances to beneficiaries of the Federal Government’s student loan programme, offering relief to thousands of students after weeks of delays. The development was confirmed on Friday by the National Association of Nigerian Students (NANS), while several beneficiaries…

  • Sowore Criticises Student Loan Scheme, Calls NELFUND ‘A Trap’

    Sowore Criticises Student Loan Scheme, Calls NELFUND ‘A Trap’

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    by

    Starnews NG
    in

    By Paul Joseph Human rights activist and former presidential candidate, Omoyele Sowore, has weighed in on the ongoing debate over student loans in Nigeria, describing the federal government’s education financing model as misguided and potentially harmful to young people. Sowore’s comments come amid growing public scrutiny of the Nigerian Education Loan Fund, a government-backed initiative…