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Campus News2 min read2025-10-29

NELFUND Disburses N116.4BN In Student Loans To Over 624,000 Beneficiaries

The Nigerian Education Loan Fund (NELFUND) has made significant strides in empowering students through its loan scheme, announcing the disbursement of over ₦116.4 billion since its portal launch on May 24, 2024. This initiative ha...

Azeez

Azeez

29 Oct 2025

NELFUND Disburses N116.4BN In Student Loans To Over 624,000 Beneficiaries
Key takeaways
  • The Nigerian Education Loan Fund (NELFUND) has made significant strides in empowering students through its loan scheme, announcing the disbursement of over ₦116.4 billion since its portal launch on May 24, 2024.
  • This initiative has benefited more than 624,000 students, providing crucial financial support for their education.
  • Key Highlights : - Loan Disbursement : As of October 28, 2025, NELFUND has processed a total of 929,805 applications.

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