Parents Urged to Check Children's NELFUND Applications

Taiwo Oyedele, the Minister of Finance and Coordinating Minister of the Economy, stated that some students may have received financial support from the Nigerian Education Loan Fund (NELFUND) without informing their parents. This comment was made during a media briefing in Abuja on Wednesday, where he responded to a journalist whose three children had not received NELFUND funding.

Oyedele suggested that the journalist should inquire with his children about their applications, emphasizing the possibility that they may have already received funds. He noted that students could access up to N1.5 million through the scheme, which also provides monthly stipends interest-free.

Oyedele remarked on the higher uptake of NELFUND support in northern Nigeria compared to the south and encouraged parents to assist their children in applying for the scheme. He mentioned that many beneficiaries had received alerts after applying, reinforcing the scheme's effectiveness.