The Tinubu Media Volunteers (TMV) have hailed the swift disbursement of N53 billion under the Nigerian Education Loan Fund (NELFUND), describing it as a transformative step toward expanding access to higher education for thousands of Nigerian students.
In a statement on Friday, TMV Chairman Mr. Chukwudi Enekwechi noted that the funds—covering both institutional and upkeep costs—represent a critical intervention for students struggling with financial constraints. He added that nearly 500,000 students have already applied for the loan, with 88% completing the process successfully.
Established under a law signed in July 2024, NELFUND aims to bridge the affordability gap in tertiary education, signaling a shift toward more inclusive national policies in support of academic and social mobility.
“This would enable them to have access to tertiary education and pay back the loan two years after their youth service,” said the group.
It added that it was pertinent to remind Nigerians that the programme was ongoing and remained the hallmark of President Tinubu administration’s Renewed Hope Agenda in the area of education.
The group said apart from the allowance helping the students in their educational pursuits, it would also help supplement their families’ living conditions.
TMV added that the programme was the first of its kind in the history of Nigeria’s educational development.
It expressed the belief that if implemented well, the programme would reduce the stress and hardship associated with tertiary education in the country.
