NELFUND pays ₦135.54 million to 1,298 students

ABUJA, Nigeria — The Nigerian Education Loan Fund (NELFUND) has disbursed a combined ₦135.54 million to 1,298 students across three tertiary institutions, and recorded 8,397 student loan applications in a single day, its highest daily total since the scheme began.

The Fund disclosed the disbursements and the application figure in separate posts on its official X account on Saturday, November 14, 2026.

The payments went to students at three institutions. At the College of Education, Billiri, Gombe State, ₦2.5 million was released to 163 students. At the African Aviation and Aerospace University, Abuja, ₦6.97 million went to 10 students. At Niger Delta University, ₦126.07 million was disbursed to 1,125 beneficiaries.

The Fund said the payments are intended to help beneficiaries continue their studies and reduce the financial burden of tertiary education.

The application total for Friday, November 13, 2026 was the scheme’s highest single-day figure. Cumulative applications since the scheme began have reached 2,470,176.

Cumulative disbursements reached ₦375.28 billion in early November, covering 1,675,474 beneficiaries. Of that total, ₦194.77 billion went to 320 beneficiary institutions as tuition fees, and ₦180.51 billion was released to students as upkeep allowances.