NELFUND: Nigeria Disburses ₦116 Billion to Students, Over 1 Million Applications Received

The Nigerian Education Loan Fund (NELFUND) continues to make waves as the federal government ramps up support for tertiary education. Since its relaunch, the scheme has reportedly disbursed over ₦116 billion in student loans, benefiting more than one million applicants across Nigeria.

NELFUND provides financial assistance to undergraduates and postgraduates who demonstrate academic excellence but lack the resources to fund their studies. The loans cover tuition, accommodation, and other educational expenses, making higher education more accessible for students from disadvantaged backgrounds.

Officials say the program is part of the federal government’s commitment to improving the quality of education and reducing dropout rates caused by financial constraints. Applications are currently open for the 2025/2026 academic session, and students are urged to apply early.

Public Reaction

Social media has been buzzing as students celebrate the increased loan disbursements. Many describe the scheme as a “game-changer” for Nigerian youth, especially those in rural areas who often struggle to access tertiary education. Some applicants, however, have expressed concerns about the loan approval process and repayment conditions, calling for more transparency and flexibility.

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