Echotitbits – Nigeria News

Tag: repayment

  • NELFUND says student loan disbursements top ₦154bn as beneficiaries near 789,000

    NELFUND says student loan disbursements top ₦154bn as beneficiaries near 789,000

    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

  • NELFUND says ₦154.3bn disbursed to nearly 789,000 students since loan scheme launch

    NELFUND says ₦154.3bn disbursed to nearly 789,000 students since loan scheme launch

    Photo credit: NELFUND
    2025-12-17

    At a virtual briefing, NELFUND says it has disbursed ₦154.3 billion in student loans since the scheme began, with almost 789,000 students counted as beneficiaries across 262 public tertiary institutions.

    The figures suggest the programme has scaled quickly, with the fund splitting disbursements between institutional fees and upkeep allowances to students, while still managing verification and duplicate‑application challenges.

    Beyond the headline number, the policy stakes are high: the scheme is meant to expand access to education without immediate repayment pressure, but its credibility depends on transparent reporting, timely payments to schools, and fair beneficiary selection.

    As the programme grows, questions around repayment administration after graduation, fraud controls, and institutional compliance will become more prominent.

    BusinessDay: “NELFUND has disbursed a total of ₦154.37 billion to 788,947 students…”

    TheCable: “The Nigerian Education Loan Fund (NELFund) says 788,947 students have so far benefited… out of 1,193,228 applications received…”

    Analysis/Echotitbits take: If the data holds up under scrutiny, the scheme could be one of the most consequential social programmes of this cycle. Watch for independent audits, repayment‑tracking systems, and how the fund handles application surges without delays.

    Source: Punch — December 17, 2025 — https://punchng.com/n154-3bn-student-loans-disbursed-in-19-months-nelfund/