Nigerian students who are having issues with funding in their educational pursuits can now study with ease as the financial burden will be lifted from their shoulders.
According to FG, students can access loans and repay after two years of their National Youth Service to the fatherland.
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According to Mr. Akintunde Sawyerr, the managing director, the 2024/2025 application will commence on the 22nd of February, 2025. He also noted that a total of N32.5b has been disbursed in the last 220 days.
This opportunity is a welcome development as it would aid a lot of students in their academic journey. To ensure your application is approved out of the numerous submissions that will be tendered on the portal, Crispng has compiled some vital steps for you to follow and become a beneficiary of the scheme.
NELFUND Application process
To successfully apply for NELFUND, you need to follow the steps below. Also, there are essential requirements the portal will require from you.
Basic requirements
You will need the following:
A National Identification Number (NIN)
Your University matriculation number
Your JAMB admission letter and number
A strong email address and password
Your BVN
A valid bank account
Personal details like date of birth tally with what’s on your documents.
How to apply
On your browser, type in the URL https://nelf.gov.ng/
Once it opens, click on the “Apply Now”
Locate the “Request for Student Loan” button and click on it.
Fill in the application form with the correct responses. Ensure you don’t make any mistake in putting the details, else you will receive an error message from the site.
After filling in all the details click on “Submit”
Wait for a feedback message stating that your application has been submitted.
Your application will be reviewed, and after successful verification, your institution will be credited and an upkeep loan paid into your bank account.
About NELFUND
NELFUND was established by the Bola Ahmed Tinubu-led administration when he signed the Access to Higher Education Act into law in 2023. The aim is to provide free interest loans to Nigerian students at public tertiary institutions.
According to the act that led to the establishment of NELFUND, the funding of the scheme would come from donations, endowments, grants, gifts and revenue accruing to the fund from any other source.
After three unsuccessful attempts to get the scheme running, May 2024 became its breakthrough year as the scheme disbursed loans to successful applicants.