Yemi Obafemi
The Nigerian Education Loan Fund has confirmed that it received N50 bn from the Economic and Financial Crimes Commission in order to boost the initiative.
NELFUND’s Head of Corporate Communications, Oseyemi Oluwatuyi, disclosed this on Friday in a statement while confirming the receipt of N50bn from EFCC.
According to Oluwatuyi, the funds is part of president Bola Tinubu efforts to bolstering access to education and support students across Nigeria.
She said the release followed the directive of President Bola Tinubu in his speech on August 4, 2024, directing the EFCC to transfer the funds to NELFUND to further boost the student loan programme.
Oluwatuyi said: “This significant injection of funds represents a major milestone in the Administration’s commitment to bolstering access to education by providing financial support to students across Nigeria.
“The fund extends its deepest appreciation to President Bola Ahmed Tinubu for his unwavering dedication to the education sector and his continued efforts to support the most vulnerable segments of the population.”
NELFUND further appreciated the EFCC Executive Chairman, Ola Olukayode for their swift action ensuring the release of the funds
