Nigeria’s Nigeria Education Loan Fund (NELFUND) has disbursed about N355.9 billion, but a policy brief warns that the loans could face recovery challenges as repayments near. The iRead To Live Initiative says the repayment framework may not be strong enough to ensure timely collections once borrowers begin paying back.
The brief urges the Federal Government to strengthen NELFUND’s repayment architecture and improve how repayments are tracked and managed. Both outlets report that the initiative highlights the importance of integrating repayment processes with relevant government systems to support sustainability of the scheme.
While one report emphasizes the overall need for urgent improvements to repayment structures, another focuses on a specific recommendation: linking NELFUND repayment enforcement or monitoring with Nigeria Revenue Service (NRS) income data. The two accounts converge on the central point that, without stronger mechanisms for recovery, a large disbursed loan portfolio may be harder to collect.
