NELFund MD Akintunde Sawyerr
The Nigerian Education Loan Fund (NELFund) says 788,947 students have so far benefited from the student loan scheme out of 1,193,228 applications received since the portal launched.
The agency disclosed this in some data sheets shared via its social handles on Sunday.
The report shows that 3,367 new applications were submitted on the previous day, with 262 tertiary institutions receiving payments amounting to N82.34 billion for tuition fees as of November 12, 2025.
The fund said it has also disbursed N58.53 billion as an upkeep allowance directly to students.
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NELFund put the total value of loans disbursed at N140.88 billion.
In a separate weekly summary report covering November 24 to 30, the agency said 35,773 applications were successfully completed within the week.
The weekly update maintains that total applications remain 1,193,228 since inception.
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It also reiterated that 262 institutions and 788,947 students have benefited from tuition and upkeep disbursements.
