- The managing director of the Nigerian Education Loan Fund has stated that N23 billion in loans was disbursed to 94,000 students in 2024
- The loan scheme has received N130 billion from the federal government and is targeting 1.2 million students in 2025
- So far, most beneficiaries are from northern Nigeria, but there is now a rise in applications from the south-south and south-east zones
The Nigerian Education Loan Fund (NELFUND) disbursed about N23 billion in loans to 94,000 students in 2023.
This is according to Mr. Akintunde Sawyerr, Managing Director of NELFUND.
