By Joseph Erunke, Abuja
The Nigerian Education Loan Fund, NELFUND, has expressed its appreciation to President Bola Tinubu for directing that eligible liquid funds recovered by the Economic and Financial Crimes Commission, EFCC, be channelled to the Fund to support its growing student loan obligations.
The Fund also welcomed the Federal Executive Council’s approval for unclaimed dividends from the Capital Market Trust Fund and the Dormant Account Trust Fund to be directed to NELFUND.
The development comes as the student loan scheme continues to expand, with NELFUND having disbursed over N322 billion through more than 1.6 million student loan applications as of August 2026.
The Chairman of the NELFUND Board, Mr. Jim Ovia, according to a statement on Wednesday, signed by Mrs Oseyemi Oluwatuyi, Director, Strategic Communications, “also expressed appreciation to President Tinubu for the continued support and confidence in the Fund, noting that the decision further reinforces the administration’s commitment to making access to higher education more inclusive and sustainable.”
