Nigerian Education Loan Fund

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Nigerian Education Loan Fund

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

28/10/2026

The Nigerian Education Loan Fund (NELFUND), under the leadership of its Managing Director/CE, Mr Akintunde Sawyerr has announced plans for a two day regional workshop across Nigeria’s six geopolitical zones to strengthen the implementation of the Student Loan Application System Version 2.0.

The initiative will equip institutional heads, bursars, desk officers, IT administrators and other key stakeholders with the knowledge and practical skills required to improve application processing, strengthen student verification, reduce errors and enhance service delivery.

Through improved institutional collaboration, technical support and stakeholder engagement, NELFUND remains committed to making access to student loans more seamless, efficient and transparent for eligible Nigerian students.

28/10/2026

Disbursement Announcement

NELFUND has disbursed ₦230 million to Lagos State University of Education (LASUED), Oto/Ijanikin, Lagos State, benefiting 2,150 students for the 2024/2025 academic session.

✅ Amount Disbursed: ₦230,000,000
✅ Students Covered: 2,150
📅 Date: 3 July 2025

The disbursement reinforces NELFUND’s commitment to expanding access to higher education, easing financial burdens on students, and building a brighter future for Nigerian youths.

24/10/2026

DISBURSEMENT ANNOUNCEMENT

NELFUND has disbursed ₦3,180,000 to the Federal College of Education (Technical), Umunze, Anambra State, benefiting 22 students for the 2025/2026 academic session.

✅ Amount Disbursed: ₦3,180,000
✅ Students Covered: 22
📅 Date: 21 October 2026

The disbursement supports eligible student loan beneficiaries, reinforcing NELFUND’s commitment to expanding access to higher education and easing the financial burden on Nigerian students.

21/10/2026

NELFUND clarifies: Student loan access is voluntary, not compulsory

Reaffirms commitment to ensuring that eligible Nigerian students who genuinely need financial assistance can access interest-free loans to pursue their education.

14/10/2026

Educating the youth is key to every nation, and we need to push for all Nigerian youth to be included.

14/10/2026

NELFUND has disbursed ₦37.9 million to 328 students of Oyo State College of Agriculture and Technology, Igbo-Ora, Oyo State, to support their educational pursuits and expand access to higher education.

13/10/2026

NELFUND has disbursed ₦3.6 million to the Federal College of Education, Kontagora, Niger State, to strengthen student financial support and expand access to higher education.

11/10/2026

NELFUND milestone update highlighting the disbursement of ₦25.2 million to 491 students of Sokoto State University, Sokoto State.

09/10/2026

NELFUND has disbursed ₦5.54 million to 142 students of Nuhu Bamalli Polytechnic, Zaria, Kaduna State.

This is another step towards breaking financial barriers to higher education and empowering Nigerian students to achieve their academic dreams.

NELFUND remains committed to increasing access to higher education under the Renewed Hope Agenda.

Address

House 9 & 12 , Plot103/104 Monrovia Street, Wuse II, Abuja ( Opposite Bon Hotel)
Abuja
234

Website

http://nelf.gov.ng/

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