Nigerian Education Loan Fund eases financial strain on students
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Vice President Kashim Shettima of Nigeria stated that the Nigerian Education Loan Fund (NELFUND) is lessening financial hardship for students from low-income families and expanding access to higher education.
Shettima described the fund, created by the administration of President Bola Tinubu, as a tool for reducing poverty and promoting educational opportunities throughout Nigeria. NELFUND provides tuition coverage and monthly living allowances to eligible students, aiming to remove financial barriers to university attendance.
Shettima reflected on his own experiences as a student and highlighted NELFUND as a way to prevent financial difficulties from hindering current students’ education. He also connected the fund’s creation to broader economic improvements in Nigeria, citing upgrades to the country’s credit ratings and increased oil production as indicators of progress under the Tinubu administration. During a meeting with the University of Abuja’s management team, led by Vice Chancellor Prof.
Hakeem Fawehinmi, Shettima praised Fawehinmi’s leadership in stabilizing the university and pledged continued federal government support. Fawehinmi, in turn, thanked Shettima for his mentorship and acknowledged NELFUND’s positive impact on the education sector, allowing students to both enroll in and continue their studies.
