THE House of Representatives Committee Chairman on Polytechnic and Higher Technical Education, Mr Gboyega Isiaka has disclosed that the Nigerian Education Loan Fund, NELFUND, has disbursed N84.2billion to the applicants, comprising N27.5billion and N56.7 billion in institutional and upkeep facilities respectively, as at September 2024.
Isiako, who disclosed this at the weekend at the 36th annual conference of Federal Government College, Maiduguri Old Students Association, held in Abeokuta, Ogun State, said that 351,317 students have registered on the NELFUND portal, out of which 258,943 applied for either institutional or upkeep loan or both.
He noted that the Students Loan Access to Higher Education Act, of 2024, aims to bridge the financial gap, ensuring that deserving students have access to quality higher education.
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