The Nigerian Education Loan Fund, NELFund has introduced a new loan product, the Vocational Skills Loan Initiative, aimed at supporting individuals seeking to acquire vocational skills.
The loan products, according to the Chief Executive Officer of NELFUND, Akintunde Sawyerr, are designed to assist students in achieving their aspirations.
Sawyerr made this announcement in a statement released on Friday to mark the International Day of Education, themed “AI and Education: Preserving Human Agency in a World of Automation,” which aligns with NELFUND’s mission.
In the statement, Sawyerr expressed NELFUND’s excitement about launching the Vocational Skills Loan Initiative, which aims to make education and skill development accessible to all.
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He highlighted the organisation’s ongoing use of AI-driven process optimisation and its commitment to educational inclusion in Nigeria.
“Education is the key to unlocking a brighter future. At NELFUND, we are dedicated to making quality education accessible and affordable for everyone.
“Our innovative loan products are designed to support students in achieving their dreams and aspirations.
“We continually optimise our processes using AI to ensure we deliver the best possible service,” Sawyerr stated.
Detailing NELFUND’s Initiatives, Sawyerr explained that the NELFUND Student Loan provides financial assistance to students pursuing higher education, with flexible repayment options tailored to individual needs.
He also noted that the “Vocational Skills Loan Initiative, a newly launched loan product to support individuals seeking vocational training and skill development, bridging the gap between education and employment.”
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