Nigeria’s Student Loan Lifeline: NELFUND Powers 449,039 Futures

By Olabode Opeseitan

In just over a year, the Nigerian Education Loan Fund (NELFUND) has disbursed N86.3 billion to 449,039 students across 218 tertiary institutions—reshaping access to higher education and injecting fresh energy into Nigeria’s human capital base.

With tuition support and monthly upkeep allowances, the scheme has lifted the financial burden off families, stabilized institutional revenues, and kept thousands from dropping out.

The impact is tangible: students now study with dignity, institutions plan with confidence, and parents breathe easier.

As the portal reopens for final verification in this new academic session (Oct 12–14), institutions are urged to act swiftly. Failure to comply means exclusion—and lost opportunity for their students.

NELFUND has transitioned from just a loan scheme to become a strategic lever in Nigeria’s economic renewal—boosting graduate output, reducing inequality, and aligning with the Renewed Hope Agenda’s push for inclusive growth.

It’s another remarkable impact of the legacy-driven presidency of Asiwaju Bola Ahmed Tinubu .

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