NELFUND to Launch Job Portal Linking Student Loan Beneficiaries to Employers by 2026

The Nigerian Education Loan Fund (NELFUND) has unveiled plans to launch a centralized job portal by 2026 aimed at connecting student loan beneficiaries with employment opportunities both locally and abroad.

This initiative is part of NELFUND’s broader strategy to boost the effectiveness of the student loan programme and help graduates achieve financial independence.

During a media briefing in Abuja on Thursday to mark the scheme’s one-year anniversary, NELFUND Managing Director, Akintunde Sawyerr, clarified that while the agency cannot guarantee employment, the new platform is intended to support graduates’ entry into the workforce.

According to Sawyerr, the portal will feature job listings from both public and private sector employers, as well as international organizations seeking to hire Nigerians.

“We don’t just disburse loans and walk away. This job portal is our way of supporting students’ transition to economic self-reliance,” he said.

Sawyerr also emphasized that loan repayment would begin only after a beneficiary secures employment and completes their National Youth Service Corps (NYSC).

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“No job, no repayment. Once you’re employed, repayment starts afresh,” he explained, adding that 10 percent of the graduate’s monthly income would be automatically deducted by their employer and remitted to NELFUND, based on verification through the agency’s employment register.