Tinubu Commends NELFUND Over N303bn Student Loan Disbursement

President Bola Ahmed Tinubu has commended the leadership of the Nigerian Education Loan Fund for expanding access to higher education through the successful implementation of the Federal Government’s Student Loan Scheme.

The President gave the commendation during a meeting with NELFUND Chairman, Mr. Jim Ovia, and the Managing Director/Chief Executive Officer, Mr. Akintunde Sawyerr, in Abuja.

Tinubu praised the agency for its progress in delivering interest-free student loans to eligible Nigerians, describing the initiative as a major step towards removing financial barriers to higher education.

He also lauded the leadership of NELFUND Managing Director/CEO, Mr. Akintunde Sawyerr, for driving the programme and ensuring that millions of students have greater access to quality education.

According to the agency, NELFUND has so far disbursed more than ₦303 billion in interest-free student loans, benefiting over 1.64 million students across Nigeria.

The achievement, the President noted, represents a significant milestone in advancing the Renewed Hope Agenda’s objectives for education, human capital development and youth empowerment.