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NELFUND’s N355 billion loans at risk as recovery system remains untested – Report
Summary by The Lagos Editorial Desk Samuel Daniel , as published by Nairametrics
· September 8, 2026
· 1 min read
Photo: Nairametrics · view original
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Summary created by The Lagos Editorial Desk — automated, rule-governed Byline on source page Samuel Daniel, as published by Nairametrics Original story Read at the source Source published Sep 8, 2026 Indexed here Sep 8, 2026 AI assistance Automated summary drawn from the source’s own published text Prepublication human review No — editorial rules, flagged-item review, and published samples
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Key points The program in question has a significant amount of money at stake, with loans totaling N355 billion. The think tank, known as the iRead To Live Initiative, is warning that the program may repeat past mistakes.
A higher education policy think tank has raised concerns about a loan program. The program in question has a significant amount of money at stake, with loans totaling N355 billion. Unless the loan recovery system is improved, the program may face difficulties when repayments are due.
The think tank, known as the iRead To Live Initiative, is warning that the program may repeat past mistakes. It is comparing the situation to previous student loan schemes that did not fare well.
Further information about the loan program and the think tank's concerns can be found in a report available from the source.
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Category: schools Published: September 8, 2026 Source: Nairametrics Reading time: 1 min
Frequently asked about this story
What is this story about? A higher education policy think tank has raised concerns about a loan program. The program in question has a significant amount of money at stake, with loans totaling N355 billion. Unless the loan…
When was this published? This article was first published on September 8, 2026 by Nairametrics and curated for The Lagos readers.
Who reported this story? This story was reported by Samuel Daniel at Nairametrics. To learn more about how The Lagos selects and reviews stories, see our editorial standards .
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