NELFUND has disbursed ₦322.69 billion to Nigerian students and tertiary institutions since the launch of its Student Loan Portal in May 2024.
📌 1.66 million applications processed
🏫 ₦192.89bn paid to 319 beneficiary institutions
💰 ₦129.80bn disbursed as student upkeep allowances
The milestone signals a major step toward reducing the financial barriers limiting access to higher education in Nigeria. The focus now should be on timely disbursement, transparency, accountability and ensuring that students who need the support most can access it.
Education financing is not just an investment in students—it is an investment in Nigeria’s future workforce.
