The Nigerian Education Loan Fund (NELFUND) has declared significant progress in its student loan scheme, with over N116.4 billion disbursed to beneficiaries since the portal launch on May 24, 2024.
NELFUND, according to the Daily Status Report released on Tuesday, October 28, 2025, via its official X handle, disclosed that a total of 929,805 applications has been received, out of which 624,535 students have benefited from the programme.
The report indicated that 12,398 new successful applications were recorded, representing a 1.4% increase in new applications from the previous day.
As of October 9, 2025, NELFUND said it has paid N65.3 billion to 239 institutions as tuition fees, while an additional N51.1 billion has been disbursed as upkeep allowances to students, bringing the total loan disbursement to N116.4 billion.
Recall that the fund had announced the official opening of its student loan application portal for the 2025/2026 academic session.
The agency, in a statement issued on Tuesday by its Director of Strategic Communications, Oseyemi Oluwatuyi, said the application window will run from Thursday, October 23, 2025, to Saturday, January 31, 2026.
It urged fresh students to apply using their Admission Number or JAMB Registration Number in place of a matriculation number.
