Nigerian Education Loan Fund Extends Application Deadline
Analysis based on 60 articles · First reported Jan 29, 2026 · Last updated Mar 02, 2026
The extension of the Nigeria===Nigerian Education Loan Fund's application portal is positive for the education sector in Nigeria, potentially increasing access to higher education. This move could also indirectly benefit financial services by fostering a more educated workforce and future borrowers.
The Nigeria===Nigerian Education Loan Fund (NELFUND) has extended its Student Loan Application Portal deadline for the 2025/2026 academic session, following a significant increase in interest and applications. This decision, announced by Oseyemi Oluwatuyi and supported by Managing Director Akintunde Sawyerr, aims to ensure inclusivity and equitable access to educational financing for all eligible students in Nigeria. The extension accommodates students needing more time, those newly aware of the scheme through sensitization campaigns, and institutions commencing new academic sessions or yet to submit verified student lists. NELFUND has already disbursed N183 billion in student loans, with N107 billion for institutional fees and N76 billion for upkeep allowances to nearly a million students. The student loan scheme was instituted in 2023 after President Bola Tinubu assented to the Access to Higher Education Act.
Set up alerts, explore entity relationships, search across thousands of events, and build custom intelligence feeds.
Open Dashboard