
NELFUND Disburses N303 Billion in Student Loans
The Nigerian Education Loan Fund (NELFUND) has disbursed N303 billion in student loans, benefiting 850,000 Nigerians, and is encouraging students from the North Central region to apply.
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The Nigerian Education Loan Fund (NELFUND) has disbursed N303 billion in student loans, benefiting 850,000 Nigerians, and is encouraging students from the North Central region to apply.

The Vice-Chancellor of Michael Okpara University of Agriculture, Umudike (MOUAU), Prof. Ursula Ngozi Akanwa, has directed the immediate refund of school fees to students who later qualified for the Federal Government's Nigerian Education Loan Fund (NELFUND).
The Nigerian Education Loan Fund (NELFUND) has reached over one million beneficiaries, with the FG investing N1.1bn to enhance access to higher education. Read More:…

Joseph Sarwuan Tarka University, Makurdi (JoSTUM) has been closed for the Easter break following student protests regarding the alleged non-disbursement of funds from the Nigerian Education Loan Fund (NELFUND).

Ambrose Alli University (AAU) in Ekpoma, Edo State, has denied allegations that it withheld funds disbursed under the Federal Government’s Nigerian Education Loan Fund (NELFUND) scheme.

The Nigerian Education Loan Fund (NELFUND) has disbursed over N303 billion to approximately 850,000 Nigerian students within two years, marking a significant federal government intervention to expand access to education.

The National Assembly (NASS) is collaborating with the Nigerian Education Loan Fund (NELFUND) to expand the student loan scheme from 1.6 million to 7 million beneficiaries, aiming to increase access to tertiary education.
The Acting Vice Chancellor of the Federal University of Technology, Ilaro, Dr Mikhail Akinde, has commended President Bola Tinubu for establishing the Nigerian Education Loan Fund, highlighting its undeniable impact.
Students of Joseph Sarwuan Tarka University, Makurdi (JoSTUM) blocked the campus gate to protest the alleged non-payment of funds from the Nigerian Education Loan Fund (NELFUND) to eligible students.
Nigerian President Bola Tinubu held a meeting at the State House with Jim Ovia, founder of Zenith Bank, and Dr. Akintunde Sawyerr, CEO of the Nigerian Education Loan Fund (NELFUND). Details regarding the agenda of the meeting were not immediately disclosed.
The Nigerian Education Loan Fund (NELFUND) has confirmed that student upkeep payments are continuing and dismissed false reports claiming the suspension of student allowances. NELFUND reassured students that their payments are ongoing despite misinformation circulating.

The Nigerian Education Loan Fund (NELFUND) has clarified that the approved monthly upkeep allowance for student beneficiaries remains N20,000, dispelling widespread misinformation that claimed it was N25,000.

The Nigerian Education Loan Fund (NELFUND) has again extended the application deadline for its student loan program for the 2025/2026 academic session. Read More:…