NELFUND disburses N20.08 billion to 192,906 students in January 2025 

This significant funding aims to support students in their educational pursuits, alleviating financial burdens in the process.

The information was disclosed on Monday via the official X (formerly Twitter) account of NELFUND.

... included detailed sheets outlining the institutions, the number of beneficiary students, and the corresponding amounts allocated to each institution.

Bayero University Kano (BUK), located in Kano State, received the highest allocation, with funding approved for 11,683 students, totaling N1,339,145,000.

Close behind was the University of Maiduguri in Borno State, which had 12,198 students approved, amounting to N1,271,428,000 in disbursements. The University of Jos in Plateau State ranked third, securing funding for 6,988 students, with a total allocation of N941,404,000.

At the lower end of the spectrum, Abia State Polytechnic received the smallest disbursement, with just N106,300 for 2 students. It was followed by Gombe State Polytechnic Bajoga and Nwafor Orizu College of Education in Nsugbe, Anambra State.

This section sheds light on the three institutions from each of the six geopolitical zones that received the most allocations in the January 1, 2025, disbursement by NELFUND.

The revised Student Loan Act 2024 was established to remove financial barriers to education, ensuring access for all Nigerian students regardless of economic status.

By October 2024, NELFUND had disbursed over N10 billion. An additional N20.08 billion was disbursed as of January 1, 2025, alone, reflecting the Fund’s growing impact nationwide.