The Managing Director and Chief Executive Officer of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, says demand for student loans has been ‘overwhelming’.

Sawyerr stated this during an interview on on Sunday, saying that the student loan scheme has provided a lifeline for students who would otherwise struggle to finance their education.

According to Sawyerr, NELFUND was now analysing the growing demand and the figures around its disbursements to better understand the financial requirements of the scheme.

The NELFUND boss noted that the scheme has so far disbursed ₦162 billion in upkeep allowances to students, as the government-backed scheme continues to expand its reach across public tertiary institutions.

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