The Edo State Government has partnered with the Nigerian Education Loan Fund (NELFUND) to extend financial support to students in state-owned tertiary institutions, ensuring greater access to affordable education. This collaboration allows Edo students to defer school fee payments while receiving a monthly stipend to cover expenses. Commissioner for Education, Dr. Pally Iyamu, announced the initiative ahead of a two-day sensitization program across the state’s three senatorial districts, scheduled for March 11–12, 2025.
Iyamu urged students to take advantage of the scheme, emphasizing the state government’s commitment to easing the financial burden on parents. He also praised the leadership of Senator Monday Okpebholo and President Bola Tinubu for creating a roadmap that supports students regardless of their economic background.
The partnership aims to reduce dropout rates and eliminate financial barriers to higher education. NELFUND, launched under President Tinubu’s administration in May 2024, provides interest-free loans for tertiary education, vocational training, and skills acquisition, with beneficiaries receiving N20,000 monthly stipends. Loan repayment begins two years after completing the National Youth Service Corps (NYSC).
