NELFUND student loan disbursements hit N372.62 billion
The Nigerian Education Loan Fund (NELFUND) has disbursed a total of N372.62 billion in student loans to Nigerian students since the launch of its student loan portal in May 2024. The post NELFUND student loan disbursements hit N372.62 billion appeared first on Nairametrics .
NELFUND, the Nigerian Education Loan Fund, disbursed a total of N372.62 billion in student loans to Nigerian students since the launch of its student loan portal in May 2024. According to the fund's latest Student Loan Disbursement Report generated on October 3, 2026, NELFUND paid N192.89 billion to 319 beneficiary institutions as institutional fees under the student loan programme.
The report also highlights the challenges faced by the scheme, including unpaid upkeep allowances totaling N927.98 million owed to 11,685 students. The expansion of the scheme has come with operational challenges, with NELFUND considering a digital token-based system to give students greater control over tuition payments.
Brief written by urgent.news from Nairametrics's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
