Nigerian Education Loan Fund

Nigerian Education Loan Fund Nigerian Education Loan Fund (NELFUND) is the government agency in charge of student loan in Nigeria.

The Federal Government has moved to strengthen the financial sustainability of its student loan scheme, as the Nigerian ...
24/09/2026

The Federal Government has moved to strengthen the financial sustainability of its student loan scheme, as the Nigerian Education Loan Fund (NELFUND) and the Economic and Financial Crimes Commission (EFCC) signed a Memorandum of Understanding (MoU) to facilitate cooperation on recovered funds and tighten accountability in the management of public resources.

The pact, signed in Abuja yesterday, came against the backdrop of President Bola Tinubu’s directive that all unencumbered liquid funds recovered by the EFCC be transferred to NELFUND to support the long-term financing of student loans.

NELFUND Disburses ₦163.99m to 3,215 Students of Federal University of Education, ZariaSeptember 20, 2026The Federal Univ...
20/09/2026

NELFUND Disburses ₦163.99m to 3,215 Students of Federal University of Education, Zaria

September 20, 2026

The Federal University of Education, Zaria, Kaduna State, has received a total of ₦163,991,400 in education loan support from the Nigerian Education Loan Fund (NELFUND) for the 2025/2026 academic session, benefiting 3,215 students.

The institution confirmed the receipt of the funds in a letter dated September 3, 2026, signed by the Vice-Chancellor, Prof. Yahaya Isa Bunkure, and addressed to the Managing Director/CEO of NELFUND.

According to the confirmation, the funds were disbursed in eight tranches between December 2025 and February 2026 to support students with the payment of their registration fees for the 2025/2026 academic session.

The largest tranche, amounting to ₦49,126,900, benefited 980 students, while another ₦39,906,900 was disbursed to 766 students. Other tranches included ₦20,877,150 for 393 students, ₦17,203,150 for 318 students and ₦13,660,500 for 214 students.

The Vice-Chancellor, on behalf of the university, students and the wider community, expressed appreciation to NELFUND for the intervention, describing the support as a major contribution to students, their parents and the institution, particularly amid prevailing economic challenges.

The university also stated that beneficiary students were issued receipts to promote accountability, transparency and proper documentation of the funds received.

Prof. Bunkure further commended NELFUND’s contribution to supporting students, noting that the initiative could have broader social benefits by helping young Nigerians remain engaged in education and reducing the pressures associated with economic hardship.

The ₦163.99 million intervention for 3,215 students adds to the growing number of NELFUND-supported students across Nigerian tertiary institutions, providing financial assistance designed to ease the burden of higher education and give beneficiaries renewed hope to pursue their academic ambitions.

Be aware when you click links. Please use the official link on our social media platforms. You can also visit nelf.gov.n...
18/09/2026

Be aware when you click links. Please use the official link on our social media platforms. You can also visit nelf.gov.ng for official information.

15/09/2026

Every student deserves a chance to stay in school and chase their dreams.

NELFUND is helping make that opportunity a reality.

NELFUND Invests ₦1.08bn in Nigeria’s Future Nursing Workforce
12/09/2026

NELFUND Invests ₦1.08bn in Nigeria’s Future Nursing Workforce

12/09/2026

NELFUND Beneficiaries at the University of Ibadan in affiliation with Federal College of Education (Special) Oyo, Oyo State, South West Zone.

Fake news.
06/09/2026

Fake news.

As we commemorate the birth of Prophet Muhammad (SAW), may the light of his teachings continue to inspire compassion, ki...
25/08/2026

As we commemorate the birth of Prophet Muhammad (SAW), may the light of his teachings continue to inspire compassion, kindness, the pursuit of knowledge, and service to humanity.

May this special occasion bring peace, blessings and unity to our homes and communities.

Eid el Maulud Mubarak from all of us at NELFUND.

NELFUND Applauds President Tinubu for Landmark Commitment to Sustainable Student Loan Financing.
19/08/2026

NELFUND Applauds President Tinubu for Landmark Commitment to Sustainable Student Loan Financing.

DISBURSEMENT ANNOUNCEMENTAkwa Ibom State Polytechnic, Ikot Osurua, Akwa Ibom State, has received a substantial NELFUND c...
18/08/2026

DISBURSEMENT ANNOUNCEMENT

Akwa Ibom State Polytechnic, Ikot Osurua, Akwa Ibom State, has received a substantial NELFUND credit for the 2025/2026 academic session:

Amount: ₦5,626,200

Students: 96

Date: 27th July 2026

This disbursement covers a 100% statutory charges for all the verified applicants of this institution, ensuring numerous students can continue their studies with RENEWED HOPE and without financial interruption to their education.

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