Photo Credit: Daily Post Nigeria
2025-12-21 09:30:00
Figures cited by The Nation show the Nigerian Education Loan Fund (NELFUND) says it has supported 788,947 students with disbursements of over ₦154 billion since the student loan scheme began.
The update frames the programme as a major access-to-education intervention, pointing to high demand for tertiary education financing.
The policy impact will be judged not only by approvals, but by how it affects dropout rates, fee defaults, and the financial stability of institutions.
The Guardian reported NELFUND “has disbursed… ₦154,373,551,374.00” to 788,947 students, while ThisDay wrote the fund “disbursed more than N154 billion” to support the same beneficiary count.
Echotitbits take:
The next test is governance: publish clearer dashboards, tighten verification, and communicate repayment terms early. Watch also for how universities adjust fees once loan inflows become predictable.
Source: The Nation — December 21, 2025 (https://dailypost.ng/2025/11/30/nelfund-records-1-19m-applicants-disburses-loan-to-788000-students/)
The Nation 2025-12-21
