Starting from 2026, beneficiaries of the Nigerian Education Loan Fund (NELFUND) will have direct access to employers through what has been described as a centralised job portal on the NELFUND platform.
The new innovation, scheduled for rollout in 2026, will enable loan beneficiaries to explore employment opportunities both within Nigeria and in the global job market.
NELFUND Managing Director, Akintunde Sawyerr, made the announcement in Abuja during a press briefing marking the one-year anniversary of the student loan initiative in Nigeria.
“We don’t just give a loan and leave students on their own. This job portal is our way of supporting their journey towards economic stability.”
He stated that the initiative is part of ongoing efforts to enhance the impact of the student loan scheme and to support graduates in achieving financial independence.
Although the job portal does not guarantee automatic employment for beneficiaries, NELFUND stated that it is designed to support graduates’ transition into the labour market.
The NELFUND MD revealed that the proposed portal would aggregate job listings from both public and private sectors, as well as from international employers interested in recruiting Nigerians.
“If you don’t have a job, you don’t pay. And when you eventually get a job, your repayment starts fresh,” Sawyerr assured, stating that “Once employed, 10 per cent of the beneficiary’s monthly income is deducted automatically by the employer and remitted to NELFUND, following verification through the NELFUND employment register.”
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