The Nigerian Education Loan Fund (NELFUND) has disbursed over N10 billion in student loans, with more than 350,000 applications received, according to the agency’s Managing Director, Akintunde Sawyerr.

During a meeting with the House of Representatives Committee on Student Loans, Sawyerr emphasized that the fund is committed to distributing N90 billion in tuition fees and stipends, ensuring inclusivity and access for all Nigerian students.

Sawyerr highlighted the proactive steps taken to reach underserved regions, including the South East, and the focus on supporting girl-child education and students with disabilities. He described NELFUND as a long-term solution to foster stability and growth, aligning with President Bola Tinubu’s “Renewed Hope Agenda.”

Committee Chairman Hon. Gboyega Isiaka commended NELFUND’s efforts but raised concerns about its capacity to handle future challenges. He emphasized the committee’s commitment to ensuring the fund’s accountability and transparency, with a focus on delivering its mission to Nigerian students.