The Managing Director of the Nigerian Education Loan Fund (NELFUND), Akintunde Sawyerr, has stated that research shows the student loan scheme reduced the tertiary education dropout rate by 20% in 2025. He made this disclosure during an interview on Channels Television's Politics Today, citing evidence that the scheme has helped beneficiaries remain in school. Sawyerr did not specify the organization that produced the figure or the methodology used, but he referenced a study by the Development Agenda for Western Nigeria (DAWN) Commission, which found that 84% of NELFUND beneficiaries continued their studies.
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