The Nigerian Education Loan Fund (NELFUND) has announced that a technical issue that was preventing students from applying for loans has been fixed. The BVN (Bank Verification Number) verification process is now working again.
NELFUND Apologizes for Inconvenience
NELFUND apologized to students for the inconvenience caused by the technical issue. They said the problem was fixed on Tuesday morning and advised students to try applying for loans again.
What is NELFUND?
NELFUND is a government program that provides loans to Nigerian students to help them pay for their education. The program is funded by the government and aims to make education more accessible to all Nigerians.
How to Apply for a NELFUND Loan
Students can apply for a NELFUND loan by visiting the organization’s website. They will need to provide their personal information, academic records, and financial information. Once their application is approved, they will receive a loan to help pay for their tuition and other educational expenses.
NELFUND Receives N50 Billion from EFCC
Recently, the Economic and Financial Crimes Commission (EFCC) transferred N50 billion to NELFUND to help fund the student loan program. This is in addition to the funds that NELFUND receives from the government.
NELFUND Disburses Loans to Students
NELFUND has already disbursed billions of naira in student loans to students across Nigeria. In August, the organization disbursed N2.1 billion to students in 40 institutions.
NELFUND Aims to Make Education More Accessible
NELFUND is committed to making education more accessible to all Nigerians. The organization believes that everyone deserves the opportunity to get an education, regardless of their financial background. By providing student loans, NELFUND is helping to make this goal a reality.
NELFUND has resolved a technical issue that was affecting student loan applications. Students can now apply for loans through the organization’s website. NELFUND is committed to making education more accessible to all Nigerians and continues to disburse loans to students across the country.
