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NELFUND Funding Push: Ovia, Sawyerr Seek New Lifeline as Student Loan Demand Surges
Recovered EFCC funds, unclaimed dividends and dormant accounts could deepen the Fund’s financing base as applications approach two million The Federal Government is considering a broader financing framework for the Nigerian Education Loan Fund (NELFUND), with liquid proceeds recovered by the Economic and Financial Crimes Commission (EFCC), unclaimed dividends and dormant account funds potentially being deployed to strengthen the country’s rapidly expanding student loan programme. The move comes at a critical point for NELFUND, which has witnessed unprecedented demand since the scheme was introduced.
Key Points
- Recovered EFCC funds, unclaimed dividends and dormant accounts could deepen the Fund’s financing base as applications approach two million The Federal Government is considering a broader financing framework for the Nigerian Education Loan Fund (NELFUND), with liquid proceeds recovered by the Economic and Financial Crimes Commission (EFCC), unclaimed dividends and dormant account funds potentially being deployed to strengthen the country’s rapidly expanding student loan programme.
- The move comes at a critical point for NELFUND, which has witnessed unprecedented demand since the scheme was introduced.
Published: August 20, 2026 7:32 pm
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