NELFUND records 788,000 student beneficiaries as applications reaches 1.19m

NELFUND has recorded 788,947 student loan beneficiaries out of a total 1,193,228 applications received since inception, according to its latest update.

The agency put the total value of loans disbursed at N140.88 billion.

In its weekly summary covering November 24–30, NELFUND said 35,773 had successfully completed applications within the period, maintaining that overall applications stand at 1.19 million.

So far, 262 institutions and 788,947 students have benefited from tuition and upkeep disbursements.

As of November 12, 2025, the report also showed 3,367 successful applications on that day alone, representing a 0.3% rise from the previous day.

NELFUND said it has disbursed N140,884,471,740 to 262 institutions as tuition fees, including N88,947,000 in institutional fees and N53,776,000,000 in upkeep allowances.

The Managing Director of NELFUND, Akintunde Sawyerr, confirmed the figures in Abuja, saying the initiative aligns with the Federal Government’s broader education and skills development plan.

He added that the effort reflects President Bola Tinubu’s commitment to inclusive human capital development that goes “beyond traditional university education.”

According to Sawyerr, Nigeria’s next stage of development requires balancing academic training with technical capacity. “At NELFUND, we have a mandate to also support vocational skills.

“We have not started yet, but I know that the President Bola Tinubu administration has ensured that there is full coverage around the skills issue,” he said.

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