The Nigerian Education Loan Fund (NELFUND) recently announced a significant achievement. Officials revealed that 788,947 students now receive support from the student loan program. This comes from 1,193,228 applications submitted since the platform launched.
Program Overview
NELFUND provides interest-free loans to help Nigerian students access higher education. The program covers tuition fees and upkeep costs for those in public tertiary institutions. First it focuses on federal schools, but plans expand to others soon. Additionally the initiative reduces financial burdens and promotes equal opportunities.
Application Process
Students apply with ease through the web portal. The students register, fill in forms, and submit information for verification. NELFUND, upon approval, pays the institutions directly for fees and upkeep monies into student accounts. Furthermore, this easy approach motivates more applications.
Disbursement Statistics
As of November 12, 2025, NELFUND disbursed N140 billion in loans. This supports students across 262 institutions. However demand remains high, with over 1.19 million applications recorded.
Impact on Students
These loans enable young Nigerians to pursue a degree course without actually worrying about debt. Beneficiaries are able to put their minds on studies and contribute to national development. Consequently there is improved access to education in especially under-resourced areas.
Future Prospects
NELFUND aims to include more institutions and refine processes. Officials encourage eligible students to apply promptly. In the end, this program builds a brighter future for Nigeria’s youth. This milestone highlights NELFUND’s role in transforming education.
