The Nigerian Education Loan Fund has announced that applications for the student loan scheme have surpassed one million.
This makes it one of the largest uptakes for a government-backed social intervention since the beginning of the Tinubu administration.
In a statement on Sunday, the Director of Strategic Communications, Nigerian Education Loan Fund, Oseyemi Oluwatuyi, said the milestone was achieved less than a year after the programme was launched on May 24, 2024.
He described it as evidence that the scheme is gaining strong national traction and public trust.
According to the agency, over N116bn has so far been disbursed to students across universities, polytechnics, and colleges of education in Nigeria, covering both institutional charges and upkeep allowances.
(Punch)
