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Campus News2 min read2025-12-18

NELFUND Disburses ₦154.4 Billion in Interest-Free Loans to Support Nigerian Students

The Nigerian Education Loan Fund (NELFUND) has achieved a remarkable milestone by disbursing ₦154.4 billion in interest-free loans to nearly 789,000 students across Nigeria. This initiative, designed to ease the financial burden o...

Azeez

Azeez

18 Dec 2025

NELFUND Disburses ₦154.4 Billion in Interest-Free Loans to Support Nigerian Students
Key takeaways
  • The Nigerian Education Loan Fund (NELFUND) has achieved a remarkable milestone by disbursing ₦154.4 billion in interest-free loans to nearly 789,000 students across Nigeria.
  • This initiative, designed to ease the financial burden on students in government-owned tertiary institutions, underscores a significant step towards enhancing educational access and retention in the country.
  • Key Highlights of NELFUND's Operations - Loan Disbursement : Over the past 18 months, NELFUND has successfully disbursed ₦154,373,551,374.00 to 788,947 students, reflecting a substantial commitment to educational financing.

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