The Nigerian Education Loan Fund (NELFUND) has restated its commitment to supporting Nigerian students, as its Managing Director, Akintunde Sawyerr, emphasized the federal government’s dedication to revitalizing education through a student loan program aimed at reducing youth unproductivity and enhancing student well-being.

During an engagement meeting held in Maiduguri, Borno State, Sawyerr outlined the loan’s key features, which include a flexible, interest-free structure with no fixed repayment period.

“The loan design prioritizes accessibility and flexibility for students,” he noted, adding that applicants need only create an online profile to start their application process.

Borno State Commissioner for Education, Science, Technology, and Innovation, Lawan Wakilbe, echoed this commitment, announcing new measures to assist students in accessing the loan. He revealed that a dedicated NELFUND desk officer has been appointed within the state to collaborate with the Special Adviser to Governor Zulum on Higher Education.

“The initiative will guide students throughout the application process,” Wakilbe explained, describing the loan as a “low-risk grant” intended for all eligible students.

NELFUND, part of President Bola Tinubu’s Renewed Hope Agenda, aims to provide financial resources for students in higher education institutions, empowering them to achieve their academic aspirations.