Nigeria, April 19 -- The Nigerian Education Loan Fund (NELFUND) was established under the Students Loans (Access to Higher Education) Act 2024, which replaced the Students Loans (Access to Higher Education) Act 2023.

NELFUND's primary role is to receive, manage, and invest funds to provide loans to Nigerian students for higher education, vocational training, and skills acquisition.

In simpler terms, NELFUND's primary responsibility is to administer loans to students in tertiary and monotechnic institutions, manage the funds entrusted to it, and invest them in worthwhile ventures to generate higher returns in the future.

As a newly established agency, NELFUND's management acknowledges its significant responsibility, particularly towards...