In a heartwarming update that signals progress for Nigeria’s education sector, the Nigerian Education Loan Fund (NELFUND) has today, July 27, 2025, announced a major achievement in its student loan program. A total of ₦77,034,184,108.00 has now been disbursed to support students and institutions nationwide—bringing renewed hope to thousands of young Nigerians striving for higher education.
Since the launch of the NELFUND portal, a growing number of students have taken advantage of the opportunity. So far, 696,888 students have registered, with 679,376 successfully submitting their loan applications. In just the last week alone, 14,280 new students registered, and 20,092 applied for student loans—clear evidence of how quickly the program is gaining momentum.
The total loan disbursement includes ₦41.7 billion paid directly to 210 tertiary institutions to cover tuition fees and ₦35.3 billion paid to 396,252 students as direct upkeep allowances to help with daily living expenses while they study. This dual structure ensures students receive comprehensive support—covering both education costs and personal needs.
This landmark effort is part of President Bola Ahmed Tinubu’s Renewed Hope Agenda, a vision aimed at breaking down the financial barriers that prevent millions of Nigerians from accessing quality education. For many students, the NELFUND loan is not just financial support—it’s a second chance, a restored dream, and a symbol of national progress.
As more students continue to register and apply each week, NELFUND is urging eligible individuals to take full advantage of the opportunity by visiting www.nelf.gov.ng.
With every disbursement, Nigeria moves one step closer to ensuring that education is not a privilege for the few, but a right for all.
