Nigeria, Jan. 4 -- The Nigerian Education Loan Fund (NELFUND) has disbursed a total of 154.37 billion to support students across tertiary institutions in Nigeria, marking a major milestone in the implementation of the Federal Government's student loan scheme.

According to NELFUND's Student Loan Disbursement Daily Status Report generated on Friday, 3rd January 2026, the scheme has received a total of 1,323,949 applications since the launch of the loan portal on 24th May 2024. Out of this figure, 788,947 students have successfully benefited from the programme, reflecting strong uptake and growing confidence in the initiative.

The report shows that as of 9th December 2025, institutional fees amounting to 82,346,711,374.00 had been paid dir...