The Nigerian Education Loan Fund (NELFUND) has received an additional N50 billion from the Economic and Financial Crimes Commission (EFCC) to support students across Nigeria.
This funding, sourced from recovered proceeds of crime, was released following a directive from President Bola Tinubu.
The infusion aims to enhance NELFUND’s capacity to provide financial assistance to students, helping them overcome financial barriers to education.
NELFUND’s management has expressed gratitude to both President Tinubu and the EFCC for their roles in this development, highlighting the administration’s commitment to improving access to education and supporting Nigeria’s socio-economic progress.