'N355.9bn NELFUND Loans at Risk as Repayment Nears'

'N355.9bn NELFUND loans at risk as repayment nears'

ABUJA — About N355.87 billion disbursed by the Nigeria Education Loan Fund, NELFUND, could face recovery challenges when repayments begin unless the Federal Government urgently strengthens the scheme’s repayment architecture, a higher education policy think tank has warned. The iRead To Live Initiative, in a policy brief released on Monday, urged the government to integrate […]

‘N355.9bn NELFUND loans face recovery risk’

A policy brief warns N355.9bn NELFUND student loans face recovery risk without integration with Nigeria Revenue Service data, crucial for self-employed gra

EDITORIAL: N355.9bn Student Loans: Government must protect the scheme from failure

NELFUND has disbursed N355.87 billion since its student loan portal opened in May 2024. The money has gone towards institutional fees and students’ upkeep, with more than 1.65 million applications processed by early September.

NELFUND N355 Billion Loans At Risk Over Untested Recovery System

A higher education policy report warns that NELFUND risks losing N355 billion in disbursed loans if it fails to strengthen its recovery system before repayments begin.

NELFUND’s N355 billion loans at risk as recovery system remains untested – Report

NELFUND risks repeating the failures of Nigeria’s three previous student loan schemes unless it strengthens its loan recovery system before repayments begin, according to a higher education policy think tank, the iRead To Live Initiative.

N355.9bn NELFUND Loans Face Recovery Risk as Repayment Nears

 The Nigeria Education Loan Fund may face significant challenges recovering the ₦355.87 billion it has disbursed to students, with a higher education policy think tank warning that the current repayment system may not be strong enough to track beneficiaries when repayment begins.The warning was contained in a policy brief by The iRead To Live Initiative, titled “Can NELFUND Sustain Itself? Financing Nigeria’s Student Loan Scheme.”NELFUND has dis…