NIMC Signed A MOU With NELFUND

According to The National Identity Management Commission NIMC, they have signed a memorandum of understanding today, Friday, the 7th of March 2025, with the Nigeria Education Loan Fund NELFUND at NELFUND Headquarters to foster growth and development.

To improve student access to education loans, NELFUND has signed an MoU with NIMC to introduce NIN enabled, multi-purpose G2P cards. These payment-enabled cards will allow students to receive their upkeep loans directly, using them for various electronic transactions (PoS, ATM, online), bypassing traditional bank processes.

NELFUND stands for Nigeria Education Loan Fund. It is a government-funded initiative aimed at providing financial assistance to Nigerian students pursuing higher education, both locally and internationally. While

The National Identity Management Commission (NIMC) is a Nigerian federal government agency responsible for the creation, management, and maintenance of the country's national identity database.

The 2024/2025 application cycle for the nelfund opened on February 22, 2025. You may want to also read FG Released Steps And Procedures For Student Loan Disbursement