In a significant move to bolster educational accessibility, the newly appointed Principal and Chief Executive of the Petroleum Training Institute (PTI), Effurun, Dr. Samuel Onoji, has urged students to harness the opportunities offered by the Nigerian Education Loan Fund (NELFUND). Speaking during a courtesy visit by the Managing Director of NELFUND, Mr. Akintunde Sawyerr, Onoji emphasized the fund’s pivotal role in alleviating students’ financial burdens.
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A Game-Changer for Tertiary Education
Dr. Onoji’s advocacy for NELFUND isn’t without reason. Established as a Federal Government initiative, NELFUND is designed to provide Nigerian students with financial support for tuition fees, institutional charges, and personal upkeep. This initiative bridges the gap for students struggling with the rising cost of education, making higher learning more attainable for thousands across the nation.
During his address, Dr. Onoji encouraged PTI students to explore the opportunities provided by the loan scheme, highlighting its transformative potential for academic success and personal development. “NELFUND was established to offer financial assistance to students across Nigeria, and it’s time for our students to take full advantage of this opportunity,” Onoji stated.
What Does NELFUND Offer?
The Managing Director of NELFUND, Mr. Akintunde Sawyerr, elaborated on the fund’s scope and benefits during the visit. He assured students that the loan scheme is accessible to both new and returning students in government-owned tertiary institutions, including universities, polytechnics, and colleges of education.
Sawyerr detailed that the scheme has already disbursed over N104 billion to approximately 613,734 students, with projections to support 2.1 million beneficiaries in the near future. These funds cover a range of needs:
- Tuition Fees: Paid directly to the educational institutions.
- Upkeep Allowances: Transferred to students’ personal accounts for day-to-day expenses.
With a swift processing time following successful applications, students can experience timely financial relief to focus on their studies.
Why NELFUND Matters
Beyond financial support, NELFUND represents a step toward creating equitable educational opportunities. It is not merely a loan scheme; it is a lifeline for students who might otherwise be unable to complete their education.
Mr. Sawyerr further highlighted the scheme’s inclusivity, stating, “We are responsible for supporting students in all government-owned tertiary institutions. With over 417,000 students registered and 328,000 applications received, we are actively processing and approving loans to ensure no eligible student is left behind.”
How to Apply for NELFUND
For students interested in applying, the process is straightforward and digital-friendly. Applicants must register on NELFUND’s portal, provide necessary details, and complete the application process. With built-in safeguards and clear guidelines, NELFUND ensures that only eligible students benefit from the scheme.
Shaping the Future of Nigerian Education
The Petroleum Training Institute’s collaboration with NELFUND signifies a larger commitment to the development of Nigeria’s human capital. By removing financial barriers, the scheme fosters an environment where students can focus on academic excellence and skill acquisition.
As the initiative gains momentum, it sets a precedent for public-private partnerships in education, showcasing how strategic interventions can transform lives.
For more details about NELFUND and its operations, visit the official source: Punch Nigeria.
This step is not just about funding education—it’s about fueling dreams and enabling a generation of students to reach their full potential.
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