ABOUT 449,039 STUDENTS HAVE SO FAR BENEFITED FROM THE NIGERIAN EDUCATION LOAN FUND NELFUND STUDENT LOAN SCHEME SINCE THE PORTAL LAUNCHED ON MAY 24, 2024.
IN ITS LATEST DAILY STATUS REPORT RELEASED TODAY, NELFUND SAID THE SCHEME DISBURSED 86.3 BILLION NAIRA AS OF AUGUST 6, 2025.
GIVING THE BREAKDOWN OF THE DISBURSEMENT, 47.6 BIILION WAS PAID DIRECTLY TO 218 INSTITUTIONS AS TUITION FEES AND 38. 7 BILLION NAIRA GIVEN TO STUDENTS AS UPKEEP ALLOWANCES.
THE REPORT FURTHER REVEALED THAT 731,140 STUDENTS HAVE REGISTERED ON THE LOAN PORTAL, OUT OF WHICH 720,732 HAVE SUCCESSFULLY APPLIED FOR LOANS
NELFUND NOTED THAT THE SCHEME DELIVERS ON PRESIDENT BOLA TINUBU’S RENEWED HOPE AGENDA OF EMPOWERING EVERY NIGERIAN STUDENT THROUGH ACCESS TO HIGHER EDUCATION FUNDING.
