The Nigerian Education Loan Fund (NELFund) has approved N20,075,050,006.55 for disbursement to 192,906 students in public tertiary institutions across the country.
In an update shared on X on Monday, NELFund confirmed that the disbursement is effective as of January 1, 2025.
Among the beneficiaries, Bayero University, Kano, will receive the largest allocation, with 11,683 students approved to share N1.3 billion. This is followed by the University of Maiduguri, where 12,198 students will receive N1.27 billion.
Other institutions with significant allocations include:
- University of Jos: 6,988 students to receive N941 million
- Federal University Dutsin-Ma: 8,978 students to benefit from N909 million
- University of Ibadan: 4,907 students to get N746 million
- Federal University Dutse: 5,451 students to share N593 million
- Usmanu Danfodiyo University, Sokoto: 6,480 students to receive N578 million
- University of Lagos: 3,685 students to get N557 million
Meanwhile, some institutions with fewer beneficiaries include:
- Gombe State Polytechnic, Bajoga: Four students to receive N122,000
- Abia State Polytechnic: Two students to receive N106,300
- Nwafor Orizu College of Education, Nsugbe: Three students to get N214,116
- Kenule Benson Saro-Wiwa Polytechnic, Bori: Seven students to share N315,500
Other smaller allocations include:
- Federal College of Education, Gidan Madi: Three students to receive N330,000
- Federal Polytechnic Ukana, Akwa Ibom: 11 students to get N518,500
- Federal Polytechnic Nekede, Imo State: Nine students to share N368,400
- Alvan Ikoku Federal University of Education, Owerri: 12 students to receive N528,500
The latest approval follows an earlier announcement by NELFund Managing Director Akintunde Sawyerr, who revealed in December 2024 that the agency had disbursed N110 billion to students nationwide.
