NELFUND Empowers Students at African Aviation University with N7 Million

The Nigerian Education Loan Fund (NELFUND) has disbursed N6,972,000 to support 10 students at the African Aviation and Aerospace University (AAAU) in Abuja. This timely intervention aims to ease the financial burdens of the beneficiaries, enabling them to focus on their academic pursuits.

The NELFUND was established under the Student Loans (Access to Higher Education) Act signed into law by President Bola Tinubu on April 3, 2024. Its primary objective is to provide sustainable higher education and skill development opportunities for Nigerian youth. With over N59 billion disbursed to students and more than 600,000 students onboarded, NELFUND is making significant strides in promoting educational accessibility.

The management of AAAU has expressed deep appreciation for NELFUND’s support, noting that the fund will significantly enhance the beneficiaries’ ability to focus on their academic pursuits. This partnership highlights the importance of collaboration between educational institutions and organizations in promoting student success.

By providing financial support to students, NELFUND is helping to .
Broadening access to higher education for students facing financial challenges
Supporting students in acquiring useful skills for the workforce
Enabling students to improve their socio-economic status through education

As NELFUND continues to empower students across Nigeria, it’s essential to track the impact of these initiatives on educational outcomes and socio-economic development. By providing accessible education, NELFUND is contributing to the growth of a skilled and knowledgeable workforce, ultimately driving innovation and development in the country .