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Key takeaways
- In a landmark achievement for education financing in Nigeria, the Nigerian Education Loan Fund (NELFUND) has successfully disbursed a whopping N56.85 billion in student loans to nearly 300,000 students across the country—signaling a transformative shift in how students access and afford higher education.
- This update, released in a recent status report, highlights the rapid growth and impact of the scheme launched on May 24, 2024 .
- Within just one year, the programme has touched 298,124 lives and benefited 198 institutions , including universities, polytechnics, and colleges of education.
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