NELFUND Disburses ₦116.4bn in Student Loans to Over 624,000 Beneficiaries

NELFUND Disburses ₦116.4bn in Student Loans to Over 624,000 Beneficiaries

UmarFarouk123 UmarFarouk123
Oct 29, 2025 - 14:55 Updated: Oct 29, 2025 - 14:57
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NELFUND Disburses ₦116.4bn in Student Loans to Over 624,000 Beneficiaries

The Nigerian Education Loan Fund (NELFUND) has made significant strides in its student loan scheme, disbursing over ₦116.4 billion to more than 624,000 beneficiaries since its launch on May 24, 2024.

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This initiative aims to support Nigerian students in pursuing higher education, alleviating financial burdens and promoting academic excellence.

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