NANS Raises Concerns Over Alleged Non-Disbursement of Student Loans

The National Association of Nigerian Students (NANS) has expressed disappointment over the alleged non-disbursement of student loans by the Nigerian Education Loan Fund (NELFUND), despite claims that funds have been released.

According to the Student Loan (Access to Higher Education) Act, 2024, NELFUND is established to provide loans to qualified Nigerians for tuition, fees, charges, and upkeep during their studies in approved tertiary academic institutions and vocational skills acquisition institutions in Nigeria.

The Act also stipulates that the fund will be financed by allocating 1% of all taxes, levies, and duties collected by the Federal Inland Revenue Service and accruing to the Federal Government. NANS is calling for immediate action to resolve the issue and ensure students receive their loans .

NELFUND's mandate is to guarantee sustainable higher education and functional skill development for all Nigerian students and youths. The issue has raised concerns about the implementation and management of the student loan scheme .