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Campus News2 min read2026-01-15

Nigerian Education Loan Fund: N928 Million in Arrears to be Cleared for Over 11,000 Students Amid Operational Challenges

The Nigeria Education Loan Fund (NELFund) announced plans to resolve outstanding payments totaling approximately N928 million owed to over 11,000 students. Mustapha Iyal, the executive director of operations at NELFund, stated tha...

Azeez

Azeez

15 Jan 2026

Nigerian Education Loan Fund: N928 Million in Arrears to be Cleared for Over 11,000 Students Amid Operational Challenges
Key takeaways
  • The Nigeria Education Loan Fund (NELFund) announced plans to resolve outstanding payments totaling approximately N928 million owed to over 11,000 students.
  • Mustapha Iyal, the executive director of operations at NELFund, stated that the payments will soon be processed, alleviating the financial burden experienced by many students.
  • Background on NELFund Operations The delay in payments was attributed to a combination of technical and operational issues.

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