Nigeria's Education Loan Fund (NELFund) launches student loans for 1.2 million federal tertiary students, with plans for state institutions later.

Nigeria's Education Loan Fund (NELFund) has announced that only students in federal tertiary institutions will be eligible to access student loans in the first phase. A maximum of 1.2 million students from federal universities, polytechnics, and colleges of education will benefit. The student loan portal is scheduled to launch on May 24. Students from state institutions will be considered in later phases.