The Nigerian Education Loan Fund has announced that more than one million students have applied for government-backed education loans, marking a major milestone in the implementation of the scheme since its rollout on May 24, 2024.
The scheme, established to support students in tertiary institutions across the country, has so far disbursed over ₦116 billion covering tuition and upkeep allowances for beneficiaries in universities, polytechnics and colleges of education.