A Nigerian man has sparked widespread reactions on social media after claiming that a ₦270,000 loan obtained through the Nigerian Education Loan Fund (NELFUND) changed the course of his life, enabling him to venture into content creation and eventually earn his first ₦1 million.
Sharing his experience online, the man said he applied for the NELFUND loan earlier this year despite the fact that his parents had already paid his school fees.
According to him, he decided to apply for the loan because he needed to replace his faulty iPhone 7 before graduating. He added that some of his friends criticised the decision and warned him against taking the loan.
Recounting how he used the funds, he said the ₦270,000 was paid into his Zenith Bank account, after which he purchased an iPhone 11 and paid for a three-month premium subscription on a social media platform to support his content creation efforts.
He explained that the investment enabled him to remain consistent in creating content, which he said eventually led to him earning his first ₦1 million.
Expressing gratitude for the outcome, he encouraged others to take calculated risks and invest in opportunities that could improve their future.
The post has generated mixed reactions across social media platforms.
While many users praised him for investing in tools that helped him build a source of income, others questioned whether funds provided under the student loan scheme should be used for purposes outside direct educational expenses.
Some commenters, however, argued that the story highlights how access to technology and digital opportunities can create new income streams for young people.
The viral account has continued to fuel discussions about the use of NELFUND loans, entrepreneurship among students, and the responsible utilisation of financial support provided through government education initiatives.