NELFUND Records ₦86.3bn to 450,000 Students Since Scheme Launch
By: Aremu Toyeebaht The Nigerian Education Loan Fund (NELFUND) has revealed that 449,039 students have so far benefited from its student loan scheme since the launch of its online portal on May 24, 2024. According to the latest daily status report released on Monday, August 11, 2025, the scheme had disbursed a total of ₦86,347,458,384 as of August 6, 2025. The breakdown shows that ₦47,629,338,384 was paid directly to 218 institutions as tuition fees, while ₦38,718,120,000 was provided to students […]