Amended version of the original 2023 Act — interest-free loans for undergrad/HND students at federal and state institutions, administered by NELFUND.
The 2024 amendment fixed implementation flaws in the original June 2023 Act. It removed the household-income cap (originally ₦500K/year — far too low), expanded coverage to private universities meeting criteria, and clarified the repayment regime (2 years after NYSC, automatic deduction from salary). The Nigerian Education Loan Fund (NELFUND) administers the programme. By mid-2026, disbursements have reached ~1 million students.