NELFUND Disburses N140bn Loan To 788,947 Students

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The Nigerian Education Loan Fund (NELFUND) said it has disbursed N140.9 billion in student loans to beneficiaries since the scheme’s portal was launched on May 24, 2024.

According to the Daily Status Report released yesterday via its official X handle, NELFUND has received 1,193,228 applications, of which 788,947 students have benefited from the programme.

As of November 12, 2025, the report…

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