Northern varsities top beneficiaries as NELFund disburses N20b student loan

The Nigerian Education Loan Fund (NELFund) said it has disbursed over N20billion to 192,906 students in public tertiary institutions nationwide.

NELFund, in a post on X, said Northern varsities have topped the long list of beneficiaries since January 2025.

The latest disbursement will see Bayero University, Kano, benefiting the most, with 11, where 12, 075, 050, 006.55 for disbursement to 192, 906 students in public tertiary institutions nationwide., 2025., 683 students approved to receive a total of N1.3bn.

This is followed by the University of Maiduguri, 198 students will share N1.27bn.
NELFund’s Managing Director, Akintunde Sawyerr, revealed that the fund initially disbursed N110bn to students across the country in 2024.

The University of Jos has 6,988 students set to receive N941m, while 8,978 students of Federal University Dutsin-Ma will benefit from N909m.

At the University of Ibadan, 4,907 students will receive N746m, and 5,451 students of Federal University Dutse will share N593m. Usmanu Danfodiyo University, Sokoto, has 6,480 students slated to get N578m, while the University of Lagos will disburse N557m to 3,685 students.

On the other hand, institutions with fewer beneficiaries include Gombe State Polytechnic, Bajoga, where four students will receive N122,000, and Abia State Polytechnic, with two students approved to receive N106,300. Nwafor Orizu College of Education, Nsugbe, with N214,116 to three students, and Kenule Benson Saro-Wiwa Polytechnic, Bori, will give N315,500 to seven students.